Thursday, March 4, 2010

Invest Smart in Taurus FMP 385 Days & Earn Tax Efficient Returns through Double Indexation Benefit

Taurus Fixed Maturity Plan 385 Days – Series 1
(A close ended debt scheme)

New Fund Offer Opens: 8th March, 2010
New Fund Offer Closes: 15th March, 2010
Allotment Date : 16th March, 2010

Minimum Amount for Retail Plan : Rs. 10,000/-
Minimum Amount for Institutional  Plan : Rs. 25,00,000/-

Fund Manager: Mr. Pankaj Jain

Earn Tax Efficient Returns through Double Indexation Benefit

What are Fixed Maturity Plans ?
Fixed Maturity Plans are schemes offered by mutual funds that have a pre-specified tenure. The basic objective is to generate steady returns over a fixed duration.

Advantages of Fixed Maturity Plans

1 Low credit risk* : FMPs normally invest in high credit rated fixed income instruments
2 Indexation benefit : Indexation benefit helps in lowering capital gains so the tax outflow is lower. In certain scenarios by staying invested for little more than a year, the investor is able to get inflation indexation benefit for two financial years and can bring down his tax outflow substantially or in some cases has to pay Nil tax.

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