Sunday, March 22, 2009
TAURUS ETHICAL FUND - AVOIDABLE NFO
Taurus Mutual Fund has launched a New Fund named Taurus
The New Fund Offer has already open now and will close on 20 March 2009.
The Fund is particularly targetted at Investors who want to put their money in a Shariah-compliant instrument. The fund will make investments only in the shares of companies that are compliant with the dictates of the Shariah, which forbids ties with companies involved in banking, alcohol, tobacco, gambling, non-halal meat or pornography. As interest cannot be earned on investments made as per Shariah laws, the fund will not invest in debt either.
COMMENTS AND ANALYSIS :
New Funds are a strict no-no for me. And coming from a Fund House with a pathetic trackrecord, it is better to avoid the New fund Offer. The fact that Fund's stock universe is limited may also restrict its potential to deliver high returns. Better to stick to an existing Diversified Fund.
Best of luck,
srikanth shankar Matrubai
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