Taurus Mutual Fund is launching the Taurus Banking & Financial Services Fund, Moneylife Personal Finance reports. The open-ended sectoral equity scheme will be managed by Sadanand Shetty.

The new fund offer does not levy entry charge, while the exit load is 1.00% if an investor leaves the fund before a year. The objective of the scheme is to generate capital appreciation, but with minimum risk via investments in a portfolio of equity and equity-related instruments of banking, financial and non-banking financial companies.

Click here for the story from Moneylife Personal Finance.