Taurus AMC which is one of the smallest by AUM is planning to expand and compete with 34 players in the Indian mutual fund industry which has the AUM 5.6 trillion in June 2008. The AMC has announced the appointment of Mr. Kumar Nathani who was earlier with SBI fund management is now joining Taurus AMC as the fund manager for fixed income funds from 1stJuly, 2008. The fund house is planning to launch two fixed income funds in the next 12 months and the investment management team is increasing to four people in next two months. The fund house will add at least 130 people to its existing staff which is around 50 and even double investment management team to 12.
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