Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option
Equity
Direct
Mid-Cap
NAV: ₹ 125.19 as on 03-05-2024
About the Fund
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Hardik Shah. The fund could potentially beat inflation in the long-run.
Key Parameters
- Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option has ₹116 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.9.
Fund Performance
54 people have invested ₹ 68.5K in Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option in the last three months
Overview
 | 1.92% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹116 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 112.14% |
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option Distribution as on (31-Mar-24)
Size breakup
Mid cap
68.5%
Small cap
24.8%
Large cap
3.4%
Sector Allocation
Financial Services
23.7%
Basic Materials
22.2%
Consumer Cyclical
20.1%
Industrial
11.7%
Tech
7%
Communication
6.2%
Real Estate
3%
Utilities
2.1%
Consumer Defensive
2.1%
Energy
1.3%
Health
0.6%
Top Holdings of Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option as on (30-Apr-24)
Equity Holdings54
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 MOIL Ltd | 41.7% |
 Igarashi Motors India Ltd | 14.6% |
Bank of India | 1.6% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -1.66% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund underperformed Nifty Midcap 150 by 0.50% in Mar'24
AUM Change
- AUM of the fund stands at 117.4 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 73.52% return, outperforming this fund by 19.06%.
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.33% return, outperforming this fund by 13.98% per annum.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 35.4% return, outperforming this fund by 12.01% per annum.
INDmoney Rank
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category
Peer Analysis
Fund Manager
Hardik Shah
Fund Manager of Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option, since 23 May 2022
Top funds managed
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.83% since inception which is less than its category average return of 19.32%
Fund Allocations
This fund has an allocation of 96.76% in Equity, 0% in Debt and 3.24% in Cash related instruments
AUM size ₹116 Cr
This fund has AUM of ₹116 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 1.92%
This fund has an expense ratio of 1.92% which is more than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option is ₹125.19 as on 03-May-2024.
Existing (Absolute + CAGR) as on 03-May-2024.
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 4.2% | 4.2% |
6 Month Returns | 25.18% | 25.18% |
1 Year Returns | 54.46% | 54.46% |
3 Years Returns | 92.27% | 24.35% |
5 Years Returns | 185.95% | 23.38% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.92% as on April 2024
₹116 Cr as on April 2024
Bank of India(6.1%), Hindware Home Innovation Ltd Ordinary Shares(3.46%), The Federal Bank Ltd(3.38%), Century Textiles & Industries Ltd(3%), Mphasis Ltd(2.92%) as on April 2024
Financial Services(22.93%), Basic Materials(21.48%), Consumer Cyclical(19.42%) as on April 2024
The alpha ratio for the Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option | -1.72 | -3.27 | 0.36 |
As on April 2024
The alpha for Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option | 0.98 | 1.01 | 0.86 |
As on April 2024
The Beta for Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option | 2.78 | 1.12 | 0.91 |
As on April 2024
The sharpe ratio for Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option | 13.89 | 16.06 | 19.79 |
As on April 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.04 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Hardik Shah is the fund manager of Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option
The Exit load of Taurus Discovery (Midcap) Fund - Direct Plan-Growth Option is 1%