Taurus Mutual Fund
Taurus Mutual Fund is one of the oldest private-sector mutual fund houses in India, established in 1993 by the HB Group (formerly the Lalit Modi family business) as one of the first wave of private AMCs following SEBI’s liberalisation of the early 1990s. The AMC operates under SEBI registration and the SEBI (Mutual Funds) Regulations 1996 framework, with continuous operation since founding.
Taurus Mutual Fund’s distinctive feature is its longevity rather than scale: while founded contemporaneously with major peer houses like JM Financial Mutual Fund , SBI Mutual Fund , and Franklin Templeton India Mutual Fund , Taurus did not grow to the same scale and currently sits in the smallest tier of Indian AMCs by AUM. As of 2025, AUM is approximately Rs 500-1,000 crore.
History
1993 founding
Taurus Mutual Fund was established in 1993 as one of the first private-sector mutual funds in India following the 1993 SEBI policy permitting private-sector entry. The AMC began operations with a small set of equity and hybrid schemes targeted at retail investors.
HB Group context
Taurus Mutual Fund was sponsored by the HB Group, a Mumbai-based diversified business group with interests across financial services, manufacturing, and other sectors. The AMC operated as one of several HB Group financial services activities.
Long-tail evolution
Through the 1990s, 2000s, and 2010s, Taurus Mutual Fund maintained operational continuity but did not achieve the AUM scale of comparable-vintage peers. The AMC operates as a stable but small house in the long tail of the Indian mutual fund industry.
Current position
AUM and scale
Taurus Mutual Fund’s AUM is approximately Rs 500-1,000 crore as of 2025, placing it among the smallest SEBI-registered Indian AMCs by scale.
Product range
Taurus Mutual Fund operates a small scheme line-up:
Equity-oriented schemes:
- Taurus Large Cap Fund.
- Taurus Flexi Cap Fund .
- Taurus Tax Saver (ELSS ).
- Taurus Banking and Financial Services Fund (sectoral).
- Taurus Ethical Fund (Shariah-compliant equity).
Debt-oriented schemes:
- Taurus Liquid Fund.
- Taurus Short Duration Fund.
Hybrid schemes:
- Taurus Aggressive Hybrid Fund.
Taurus Ethical Fund
The Taurus Ethical Fund is notable as one of the few Shariah-compliant mutual funds in India, screening investments against Islamic finance principles. The fund excludes companies in conventional banking, alcohol, tobacco, gambling, and other sectors that conflict with Shariah principles.
Distribution
Taurus Mutual Fund is served by KFin Technologies as RTA. Distribution:
- Independent AMFI ARN holders.
- Online platforms including Zerodha Coin , Groww , Kuvera , the MFU , the KFinKart portal .
Place in the Indian mutual fund industry
Taurus Mutual Fund occupies the long-tail position in the Indian mutual fund industry. The AMC’s continued operation reflects the regulatory permissibility of small AMC scale (SEBI does not impose AUM-based delisting requirements) rather than active competitive positioning.
The AMC’s continuity through three decades of regulatory and market change makes it among the longest-operating Indian AMCs, alongside Unit Trust of India (predecessor of UTI Mutual Fund), Franklin Templeton India, SBI Mutual Fund, JM Financial Mutual Fund, and a handful of others.
See also
- Mutual fund industry in India
- Mutual funds in India
- SEBI (Mutual Funds) Regulations 1996
- JM Financial Mutual Fund
- SBI Mutual Fund
- Franklin Templeton India Mutual Fund
- UTI Mutual Fund
- Association of Mutual Funds in India (AMFI)
- KFin Technologies
- Direct mutual fund investing in India
- ELSS in India
- Flexi Cap Fund in India
External references
References
- Taurus Mutual Fund offer documents, accessed May 2026.
- SEBI Master Circular on Mutual Funds, sebi.gov.in.
- AMFI monthly AUM data, amfiindia.com.