Taurus Mutual Fund Review - Halal Finance Products
Reviewed quarterly and updated for major content changes.
Taurus Mutual Fund offers halal financial products and services designed to align with Islamic principles. These options provide alternatives to conventional interest-based financial products, using structures like Murabaha, Ijara, and Musharakah.
Opens provider's site - no obligation
HalalWallet 2026 Review
Taurus Mutual Fund - At a Glance
1
Products Reviewed
All
Provinces (Nationwide)
1
Category
Our Verdict
Taurus Ethical is the screening-transparency pick with a certification asterisk. No other Indian fund prints its Shariah ratios in the SID or commits idle cash to non-interest accounts in writing, and the direct plan has beaten its benchmark over 3 and 5 years. But the advisor is unnamed, the published audit certificate is an unreadable scan, and TASIS goes out of its way to say it does not certify this fund. Suitable as a complement or alternative to Tata for investors who weigh disclosed methodology over verifiable certification - avoid the 2.10% regular plan.
Pros & Cons
What We Like
- Only Indian Shariah fund printing its financial screening thresholds in the SID
- Direct plan (0.86% base TER) outperformed benchmark over 3 and 5 years (30 Jun 2026)
- Explicit non-interest treatment of surplus cash
- Annual Shariah audit certificate published, which Tata and Quantum do not do
- Rs 500 minimum; house promotes Rs 250 'Chhoti SIP'
What Could Be Better
- TASIS explicitly disclaims certifying Taurus Ethical Fund
- Advisor unnamed in the current SID; certificate signatory not machine-readable
- 2.10% regular-plan base TER is the most expensive in the category
- Rs 402 crore book and stale portfolio disclosure (dated 2021-07-31) on the fund page at crawl
Who Is Taurus Mutual Fund Best For?
Methodology-first investors
Printed 25%/4% screening ratios and non-interest cash policy in the SID
BSE-universe diversifiers
Only fund benchmarked to BSE 500 Shariah TRI
Performance-oriented halal investors
Direct plan beat benchmark over 3 and 5 years
Detailed Analysis
Taurus Ethical Fund, allotted 6 April 2009 (direct plan 1 January 2013), is India's second-oldest Shariah-screened fund and the only one benchmarked to the BSE 500 Shariah TRI rather than NSE's Shariah indices. At Rs 402.37 crore month-end AUM it is a tenth of Tata Ethical's size.
Its SID is the most quantitatively explicit Shariah document in Indian fund management. Business screens exclude conventional financial services, alcohol, gambling, tobacco, vulgar entertainment, film exhibition/production/distribution, media broadcasting, narcotics, and meat, poultry and leather. Financial screens, stated 'in line with BSE500 Shariah Index criteria': interest-bearing borrowing and debt not exceeding 25% of total assets, and interest plus interest-linked income not exceeding 4% of total income. Companies failing these are removed within a stipulated timeframe, and surplus funds sit in current accounts with a written commitment that they 'will not be invested in any interest bearing' instruments.
The governance picture is weaker than the screening picture. The 2025 SID frames the mandate as an Ethical Investment Framework spanning 'Shariah, Jainism and other ethical principles' and refers only to an unnamed 'appointed advisor' whose guidance the fund manager relies on but who 'will have no role in making or influencing investment decisions'. The fund page hosts a Taurus Shariah Audit Certificate 2025-26, but the PDF is a scan with no extractable text, so the certifier cannot be verified from the document. TASIS states plainly on tasis.in that 'Taurus Ethical Fund is NOT Certified as Shariah Compliant by TASIS' - a disclaimer worth knowing given TASIS screens both NSE's Shariah indices and Taurus's own benchmark family's competitor products.
Performance has been the fund's redeeming feature: direct plan returns of 12.81% (3-year) and 10.54% (5-year) versus benchmark returns of 10.47% and 8.62% respectively (as on 30 Jun 2026). Since inception the regular plan compounds at 15.66%. Fund manager Anuj Kapil runs the equity process.
How It Works
Open-ended SEBI-regulated equity scheme applying a contractual Ethical Investment Framework (Shariah plus other ethical principles) in the SID. No Shariah regulatory framework exists in India; enforcement is internal, guided by an unnamed appointed advisor, with an annually published Shariah audit certificate.
Invest
Rs 500 minimum via taurusmutualfund.com or platforms; choose the direct plan (0.86% base) over regular (2.10%).
Screens filter the book
Business exclusions plus 25% debt and 4% interest-income caps per the SID; failing stocks are removed within a stipulated timeframe.
Monitor the certificate
An annual Shariah Audit Certificate is posted on the fund page; purification is not published, so calculate your own or use TASIS tools.
Shariah Compliance Review
Oversight Level
Review details on provider's website
SID business screens: conventional finance, alcohol, gambling, tobacco, vulgar entertainment, film, broadcasting, narcotics, meat/poultry/leather excluded (crawled 2026-08-06)
SID financial screens: interest-bearing debt <= 25% of total assets; interest income <= 4% of total income
Surplus cash in current accounts only, per SID
Shariah Audit Certificate FY 2025-26 published (scanned PDF, signatory not machine-readable)
TASIS disclaimer on tasis.in: Taurus Ethical Fund is NOT TASIS-certified (crawled 2026-08-06)
Shariah compliance should always be verified directly with Taurus Mutual Fund. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
Against Tata Ethical: Taurus prints its ratios where Tata prints none, but Tata has the verifiable certifier, the 10x asset base, the cheaper direct plan and published purification. Against Quantum: both frame mandates as broader-than-Shariah ethics, but Taurus publishes screens and an audit certificate where Quantum publishes neither. Against Shariah BeES: the ETF's monthly TASIS screening is mechanically stricter; Taurus offers active mid-cap-flavored exposure from the BSE 500 universe with recent benchmark-beating returns.
vs. Tata Mutual Fund
Larger, cheaper, TASIS-certified, purification published - the default core.
Newer ethical process, lower total TER on page, no certificates at all.
Passive index alternative with TASIS-screened underlying.
Bottom Line
The most transparent screening math in Indian halal investing, attached to the least verifiable certification. Take the direct plan for its benchmark-beating record, and be honest with yourself about which of those two facts matters more to you.
Products from Taurus Mutual Fund
Why It's Halal
The SID's Ethical Investment Framework applies both business screens and financial screens: interest-bearing debt at or below 25% of total assets and interest plus interest-linked income at or below 4% of total income, in line with BSE 500 Shariah Index criteria, with mandated exit of stocks that fall out of compliance. Surplus scheme money sits in current accounts and 'will not be invested in any interest bearing' instruments per the SID. Taurus publishes a Shariah Audit Certificate for FY 2025-26 on the fund page. Honest caveats: the certificate PDF is a scan whose certifier name is not machine-readable, the current SID names no advisor (it references 'identified ethical advisors' and frames the mandate as Shariah, Jainism and other ethical principles), and TASIS states on its own site that Taurus Ethical Fund is NOT certified by TASIS (tasis.in, crawled 2026-08-06). SEBI provides no Shariah framework - this is voluntary private compliance.
Taurus Mutual Fund
Taurus Ethical Fund
Open-ended equity scheme following Shariah and other ethical principles, allotted 6 April 2009 (direct plan 1 January 2013), benchmarked to BSE 500 Shariah TRI. Month-end AUM Rs 402.37 crore with base expense ratios of 2.10% (regular) and 0.86% (direct); minimum application Rs 500; entry load nil, exit load 1% within 365 days. The SID mandates business screens (alcohol, gambling, tobacco, vulgar entertainment, film exhibition and production, media broadcasting, conventional financial services, narcotics, meat, poultry and leather) plus financial screens in line with BSE 500 Shariah criteria, and surplus cash is kept in current accounts rather than interest-bearing instruments (crawled taurusmutualfund.com 2026-08-06; fund page reports returns as on 30 Jun 2026).
Opens provider site - no obligation
Where Available
Based on listings we track, Taurus Mutual Fund operates nationwide:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Taurus Mutual Fund.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Quick Answer
Taurus Mutual Fund offers halal financial products that comply with Shariah principles, avoiding interest (riba) and prohibited industries. Their products are available in 1 state and include Investing options.
Key Takeaways
- Taurus Mutual Fund offers Shariah-compliant financial products that avoid interest and prohibited industries.
- Products are available in 1 state: Nationwide.
- Product categories include Investing.
- Always verify compliance directly with Taurus Mutual Fund and consult qualified Islamic finance advisors when needed.
- Compare Taurus Mutual Fund's products with other providers to find the best fit for your needs.
Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-09
How to cite this page
Preferred format:
For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Taurus Mutual Fund offer?
Taurus Mutual Fund offers 1 product across 1 category. Taurus Mutual Fund is best for [object Object],[object Object],[object Object]. Review the products listed above or contact Taurus Mutual Fund directly for current offerings.
How does Taurus Mutual Fund ensure Shariah compliance?
SID business screens: conventional finance, alcohol, gambling, tobacco, vulgar entertainment, film, broadcasting, narcotics, meat/poultry/leather excluded (crawled 2026-08-06) SID financial screens: interest-bearing debt <= 25% of total assets; interest income <= 4% of total income Surplus cash in current accounts only, per SID Shariah Audit Certificate FY 2025-26 published (scanned PDF, signatory not machine-readable) TASIS disclaimer on tasis.in: Taurus Ethical Fund is NOT TASIS-certified (crawled 2026-08-06)
How does Taurus Mutual Fund work?
Invest: Rs 500 minimum via taurusmutualfund.com or platforms; choose the direct plan (0.86% base) over regular (2.10%). Screens filter the book: Business exclusions plus 25% debt and 4% interest-income caps per the SID; failing stocks are removed within a stipulated timeframe. Monitor the certificate: An annual Shariah Audit Certificate is posted on the fund page; purification is not published, so calculate your own or use TASIS tools.
Is Taurus Mutual Fund available in my state?
Taurus Mutual Fund operates nationwide, though specific products may have regional limitations. Always verify current availability directly with Taurus Mutual Fund.
What are alternatives to Taurus Mutual Fund?
Against Tata Ethical: Taurus prints its ratios where Tata prints none, but Tata has the verifiable certifier, the 10x asset base, the cheaper direct plan and published purification. Against Quantum: both frame mandates as broader-than-Shariah ethics, but Taurus publishes screens and an audit certificate where Quantum publishes neither. Against Shariah BeES: the ETF's monthly TASIS screening is mechanically stricter; Taurus offers active mid-cap-flavored exposure from the BSE 500 universe with recent benchmark-beating returns. Tata Mutual Fund: Larger, cheaper, TASIS-certified, purification published - the default core. Quantum Mutual Fund: Newer ethical process, lower total TER on page, no certificates at all. Nippon India Mutual Fund: Passive index alternative with TASIS-screened underlying.
Are Taurus Mutual Fund's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Taurus Mutual Fund?
Contact information for Taurus Mutual Fund should be available through their website or the product listings above. Use the action links provided with each product to visit Taurus Mutual Fund's website or contact them directly for more information.
Halal Finance Score
How halal are your finances? Check all 7 categories in under 2 minutes.
Average score: 63/100
Stay Updated
Get halal investment insights and fund launches
Free. No spam. Unsubscribe anytime.