Everyone wants to invest money. Many people invest in mutual funds.
But have you ever wondered whether our investment methods are ethical or Sharia-compliant? If you want to invest in Halal mutual funds, today we will learn about “Taurus Ethical Fund”
Taurus Ethical Fund Direct Growth
This fund invests only in companies that follow Shariah principles.
- The portfolio of this fund does not include banks and NBFCs. Its income is interest-based.
- This fund invests in various sectors such as IT, pharmaceuticals and energy, which are growth-oriented.
- The portfolio of Taurus Ethical Fund is handled by experienced fund managers, who are experts in Shariah screening and company analysis.
| 1 year | 3 years | 5 years | all |
|---|---|---|---|
| 12% | 15.1% | 19.5% | 15.8% |
- fund size: 268 cr
- min sip amount: 500
- equity: 87.8%
- cash: 12.1%
equity sectors
| sector’s | equity |
|---|---|
| technology | 27.1 % |
| energy | 21.6 % |
| health care | 10 % |
| chemicals | 7.9 % |
| fMCG | 7.4 % |
| service’s | 7.1 % |
| others | 6.6 % |
| automobile | 6 % |
| construction | 5.9 % |
Is Taurus Ethical Fund Halal
This fund has invested in a total of 55 stocks. Trading of all the stocks seems to be halal. But the debt to equity ratio of 3 stocks is very high.
- reliance
- ONGC
- Tejas network
This is a very high risk fund. It has given its investors a compound annual return of 12% which is very good. You can invest if you want. Taurus Ethical Fund can be an option for you
Risk and Return: This is an equity fund, so it falls in the high risk-high return category. If your horizon is long-term (5-7 years or more), this fund may be right for you.
Conclusion
Taurus Ethical Fund is a great option for investors who want to achieve their financial goals. But, just like every investment, there is risk involved in this fund too. So, always keep your risk appetite and financial goals in mind and take professional advice.
What is your opinion about Taurus Ethical Fund? Would you like to invest in this fund? Do tell us in the comments!