Taurus Mutual Fund was amongst the first few private sector
Mutual Funds to be registered with SEBI. It was constituted as a Trust on August
20, 1993 in accordance with the provisions of the Indian Trusts Act, 1882. The
Mutual Fund was registered with SEBI on Sept 21, 1993 under Mutual Fund
Registration Code No. MF/002/93. HB Portfolio Limited is the present sponsor of
the Fund & the Taurus Investment Trust Company Ltd is the Trustee.
Taurus Mutual Fund launched its first scheme – Taurus Starshare in early
1994 which is operational even today. Needless to say, it is because of its
consistent performance through these past 15 years that this scheme exists even
today. Taurus Mutual Fund was perhaps the first private sector fund house to
receive permissions to launch fully repatriable investments by NRIs/FIIs. The
scheme has since received investments from IFC, Washington, the European
Economic Community, Brussels & EFM, UK.
In 1999, a merger was
announced between HB Mutual Fund & Taurus Mutual Fund. On amalgamation, the
HB Asset Management Co. Ltd was renamed Creditcapital Asset Management Co. Ltd.
which then was re-christened Taurus Asset Management Co. Ltd. w.e.f. April 21,
2006. Subsequently in March 2002, Taurus Mutual Fund also took over the schemes
of BOI Mutual Fund. Currently, the shares of the Taurus Asset Management Co. Ltd
are held by HB Portfolio Ltd along with other HB Group Companies.
Group is a well known player in the Indian capital market The major companies
that constitute the group are namely: