Investing Taurus Mutual Fund Taurus Asset Management HB Portfolio AMC India Prashant Soni

Taurus Mutual Fund

From WebNotes, a public knowledge base. Last updated 19 June 2026. Reading time ~11 min.

Key facts

Legal name	Taurus Asset Management Company Limited (formerly Creditcapital Asset Management Company Limited)
Founded	Incorporated July 1993; SEBI-registered AMC August 1993; first scheme Taurus Starshare launched 1994
Sponsor	HB Portfolio Limited (HB group)
AUM	About Rs 874 crore (March 2025), about Rs 1,020 crore (November 2025)
MD and CEO	Prashant Soni
CIO	Kanishk Kapur
Trustee	Taurus Investment Trust Company Limited
RTA	KFin Technologies
Regulation	SEBI (Mutual Funds) Regulations, 1996

Taurus Mutual Fund is one of the oldest private-sector mutual fund houses in India, run by Taurus Asset Management Company Limited and sponsored by HB Portfolio Limited, part of the HB group. It was set up in 1993, in the first wave of private mutual funds permitted after SEBI opened the industry to private promoters that year, and launched its first scheme, Taurus Starshare, in 1994. The AMC operates under SEBI registration and the SEBI (Mutual Funds) Regulations, 1996 , and has run continuously since.

Taurus is notable for longevity, not scale. It managed about Rs 874 crore as of March 2025, rising to roughly Rs 1,020 crore by November 2025, which leaves it in the smallest tier of the Indian mutual fund industry . For context, the largest house, SBI Mutual Fund , manages well over Rs 10 lakh crore, so Taurus runs less than a thousandth of the leader’s book despite being one of its near-contemporaries. The investment manager was earlier known as Creditcapital Asset Management Company Limited before the Taurus rebrand, and the fund house was among the first Indian private players permitted to manage portfolios for NRIs and FIIs.

This article covers the AMC’s 1993 origins and ownership, its leadership as of 2025, its small scheme line-up including the Shariah-compliant Taurus Ethical Fund, and its place in the long tail of the Indian fund industry. It treats the small size as a plain fact rather than something to soften.

History and ownership

The 1993 founding

Taurus Asset Management was incorporated in July 1993 and set up as a SEBI-registered AMC in August 1993, immediately after SEBI’s 1993 policy permitting private-sector entry into mutual funds. The first scheme, Taurus Starshare, a multi-cap equity fund, launched in 1994 and remains in operation. The house entered alongside the first cohort of private AMCs that arrived once the Unit Trust of India monopoly ended, the same window that produced houses such as Franklin Templeton India Mutual Fund and JM Financial Mutual Fund .

HB group sponsorship

The sponsor is HB Portfolio Limited, part of the HB group, a financial-services group. The trustee is Taurus Investment Trust Company Limited, which holds scheme assets in trust for unitholders and supervises the AMC independently of the sponsor. The AMC has at various points drawn investment from development-finance institutions, including the International Finance Corporation in Washington and a European development-finance investor, reflecting its early role as a private player permitted to serve foreign investors.

Why it stayed small

Across the 1990s, 2000s and 2010s Taurus kept operating but never reached the AUM scale of its near-contemporaries. There is no AUM floor in Indian mutual fund regulation: SEBI does not delist a house for being small, so a sub-Rs 1,000 crore AMC can run for decades. Taurus is the clearest example. Its survival reflects the regulatory permissibility of small scale rather than any competitive breakout, and it has not been part of the consolidation wave that swallowed several other long-tail houses.

Leadership

Prashant Soni, Managing Director and Chief Executive Officer of Taurus Asset Management.
Kanishk Kapur, Chief Investment Officer, who oversees the equity and debt portfolios.

The fund-management bench is small, in line with a house running under Rs 1,000 crore across a single-digit count of schemes. A small AMC of this size typically runs lean, with one or two managers covering the entire scheme set rather than the category-specialist desks seen at large houses.

Schemes

Taurus runs a compact line-up. Because the house is small, scheme-level assets are modest and a single scheme can account for a large share of the book.

Scheme	Category	Notes
Taurus Starshare (Multi Cap) Fund	Multi cap	The 1994 launch, the AMC’s oldest scheme
Taurus Flexi Cap Fund	Flexi cap	Pan-capitalisation equity mandate
Taurus Large Cap Fund	Large cap	Large-cap equity mandate
Taurus Banking & Financial Services Fund	Sectoral	Banking and financial-services equity
Taurus Ethical Fund	Shariah-compliant equity	One of the few Shariah-screened equity funds in India
Taurus Tax Shield (ELSS )	ELSS	Section 80C tax-saving equity scheme with a three-year lock-in
Taurus Liquid Fund	Liquid	Short-term cash parking
Taurus Nifty 50 Index Fund	Index fund	Passive Nifty 50 tracker

Taurus Ethical Fund

The Taurus Ethical Fund is one of the few Shariah-compliant equity schemes in India. It screens its portfolio against Islamic-finance principles, excluding conventional banking and lending, alcohol, tobacco, gambling and other sectors that conflict with those principles, and avoiding interest-bearing instruments. That screen sets it apart from the rest of the Taurus line-up and from most mainstream Indian equity funds, and it is the scheme that gives the small house a distinct niche.

Distribution

KFin Technologies is the registrar and transfer agent, so Taurus folio servicing, account statements and capital-gains statements run through the KFin infrastructure, including the KFinKart portal . Distribution routes:

Independent AMFI ARN holders and a network of business associates.
Online platforms including Zerodha Coin , Groww and Kuvera , plus the MFU .

Both regular and direct plans are available; the direct mutual fund portals comparison covers the lower-cost direct routes.

Place in the industry

Taurus sits in the long tail of the Indian mutual fund industry. Its continuity through more than three decades of market and regulatory change makes it one of the longest-operating Indian AMCs, alongside the UTI Mutual Fund lineage, Franklin Templeton India , SBI Mutual Fund and JM Financial Mutual Fund . The difference is scale: those peers grew into top- or mid-tier houses while Taurus stayed under Rs 1,000 crore. An investor weighing a Taurus scheme is choosing a very small house, which carries practical consequences for scheme liquidity and the fixed-cost drag on expense ratios that a small asset base spreads thinly.

How to invest in Taurus schemes

Complete one-time mutual fund KYC before the first purchase. Taurus schemes can then be bought through the platforms above or the AMC site, with the direct plan carrying a lower expense ratio than the regular plan, which matters more at a small house where fixed costs press on the expense ratio. For investors deciding where to start, the how to choose an AMC and how to buy your first mutual fund on Coin guides set out the steps, and a SIP is the standard route in.

Investor servicing, grievances and oversight

KFin Technologies handles folio servicing. Grievances follow the mutual fund grievance redressal ladder: AMC first, then AMFI under the investor grievance matrix , then SEBI via the SCORES portal . Every scheme document carries the AMFI Risk-o-meter classification, and Taurus Investment Trust Company Limited supervises the AMC.

Frequently asked questions

Who owns Taurus Mutual Fund?

Taurus Mutual Fund is run by Taurus Asset Management Company Limited, sponsored by HB Portfolio Limited, part of the HB group. The trustee is Taurus Investment Trust Company Limited. The investment manager was earlier known as Creditcapital Asset Management Company Limited. It was set up in 1993, in the first wave of private mutual funds permitted after SEBI’s 1993 policy opening.

What is the AUM of Taurus Mutual Fund?

Taurus Mutual Fund managed about Rs 874 crore as of March 2025, rising to roughly Rs 1,020 crore by November 2025, which places it in the smallest tier of Indian AMCs despite its long operating history. Refer to the AMFI quarterly average AUM release for the current dated figure.

Is Taurus Mutual Fund one of the oldest AMCs in India?

Yes. Taurus was set up in 1993 and launched its first scheme, Taurus Starshare, in 1994, in the same first wave of private mutual funds as houses that later grew far larger. Its distinctive feature is longevity rather than scale, since it did not grow to the size of those peers.

Who is the CEO of Taurus Mutual Fund?

Prashant Soni is Managing Director and Chief Executive Officer of Taurus Asset Management. Kanishk Kapur is Chief Investment Officer.

Is Taurus Mutual Fund safe?

Taurus Asset Management operates under SEBI registration and the SEBI (Mutual Funds) Regulations, 1996, with an independent trustee company. Registration and trustee oversight address operational and governance risk, but scheme returns stay subject to market risk and are not guaranteed.

External references

References

SEBI (Mutual Funds) Regulations, 1996, Government of India.
Taurus Mutual Fund scheme information documents and statement of additional information, taurusmutualfund.com.
AMFI quarterly average assets under management data, quarter ended March 2025, Association of Mutual Funds in India.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 19 June 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.