Taurus Mutual Fund
Taurus Mutual Funds are handled by Taurus Asset Management Company Limited, which was incorporated in 1994 under Companies Act 1956 and authorized by SEBI to act as Asset Management Company. Initially, IFC Washington, Edinburgh Fund Managers (EFM) London and Lazard India Limited were the major shareholders of the company. Over a period of time, some changes have taken place. The paid up capital of the Company is Rs.12.55 crores. Presently, the majority shareholders in the Company are HB Portfolio Limited, RRB Securities Ltd., and HB Stockholdings Ltd. The main sources of income of the company are: management fees charged from various schemes, and return on deployment of net worth.