India’s first Shariah-compliant mutual fund collects 50 million rupees

India’s first Shariah-compliant mutual fund collects 50 million rupees

Gateway_of_India

India’s Taurus Asset Management has collected about 50 million rupees in the country’s first actively managed sharia-compliant equity mutual fund it launched in February, chief executive Waqar Naqvi said on Wednesday.

"Around 5 crores… not bad given the fact that even very large fund houses collected some 2 crores or 3 crores," Naqvi said, referring to the mop-up.

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8 responses to “India’s first Shariah-compliant mutual fund collects 50 million rupees

  1. i want to invest in shariah mutual funds in india
    pls advise me soon !

    Thanks

  2. I want to know the company names and how much to invest to get started with investing in mutaul fund and Islamic stock market.

  3. Taurus Ehical fund is officialy shariah complaimt in india & Tata Select equity fund is also halal mutual fund but not officially

  4. Taurus Ethical Fund holds shares of Amara Raja Batteries which if you check on iio.moneycontrol.com, is not sharia compliant. Then how can we say that this Fund is compliant? Please check its holdings.

  5. Mr.Rahul…I suggest u to go for Tata select Equity Fund….advisable fund from Shariah point of View.

  6. Engineers India is not Shariah compliant. Check the link below

    Engineers India

  7. Tata Select Equity Fund and Taurus Ethical Fund both are non-compliant
    Do the research yourself and you will come to know why both of them are not compliant

    check – Cash, Others component.
    Eg: http://www.moneycontrol.com/india/mutualfunds/mfinfo/portfolio_holdings/MTA067

  8. Check out WealthCity – for Shariah Compliant Investments

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