Mumbai, Jan 27 (PTI) Taurus Mutual Fund today announcedthe launch of - Taurus Dynamic Income Fund - an open-endedincome scheme.
The new fund offering, which opened January 25, willclose on February 8, Taurus Mutual Fund said in a statementhere.
"Looking at the ongoing market volatility and in absenceof a clear trigger for stability in near future, bothinstitutional and retail investors are looking for aninvestment option to park their funds, which can reduce theirinvestment risk and glide them through this volatility,"Taurus Mutual Fund CEO Waqar Naqvi said.
The Fund will reduce investment risk and optimise returnsby designing a portfolio, which will dynamically trackinterest rate movements and play on the shift or shape ofyield curve to generate superior returns, he said. PTI SM