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20 Feb 2009

Taurus Launches Shriah Compliant Mutual Fund

India hedge fund manager, Taurus Mutual Fund, launched India’s first actively managed Equity Oriented Shariah compliant fund, the ‘Taurus Ethical Fund’.

With a minimum investment of INR 5000 ($100K), the open-ended actively managed mutual fund opens on February 19, 2009 and closes on March 20, 2009.

Launching in Mumbai, the fund has been certified by an independent Shariah Board named TASIS (Taqwaa Advisory and Shariah Investment Solutions).

“It’s all about investing in the right businesses and Shariah compliance ensures that," Waqar Naqvi, CEO, Taurus Mutual Fund said, "The need to pick businesses that foster wealth creation over the long term and distribute it equitably forms the basis of Shariah investing. It also provides an effective filter to identify and avoid speculative businesses. No wonder, Shariah compliant businesses have weathered the sub prime crisis”.

Hedge Fund Provider Teams up With FN in India Investing Summit

Financial News is hosting the the Investors India Summit 2009 on the 19th and 20th May in London with Indian hedge fund provider Axience as its media partner.

The summit is aimed at delivering insight into the domestic as well as global development of India while identifying the potential hurdles and risks of doing business in the country. In this process, it intends to examine the possible impact of a global economic downturn on India as well as provide a unique meeting point and networking platform for all those doing or wishing to do business with or in India.

The conference will cover keynote discussions on varied subjects like ‘The global challenges of the 21st century', ‘Global Indian Investments', ‘Development of Financial Markets in India', ‘India - Fertile ground for Private Equity', etc. It will also discuss case studies on diverse topics like Capital markets, Infrastructure, Technology, Media, Telecommunication, Real Estate, etc.

Approximately 500 delegates including senior executives representing reputed firms from across the globe are expected to attend this summit.

Financial News has appointed Axience, an India-based business services firm, as its Media Partner for the conference. Axience provides bespoke research and analytics solutions to financial service institutions, consulting firms and general industries. Its key clients include global investment banks, asset management, hedge fund and private equity firms, leading consultancies and governmental agencies.

'We are glad to partner with Financial News for this key industry event which promises to bring industry, regulators, agencies and financial services firms together. Though doing business in and with India has been a topic of interest since quite sometime now, yet we still lack platforms which bring various parts of industry together. Financial News Summit 2009 fills in that gap,' said Hemant Jain, CEO of Axience.