Taurus Flexi Cap Fund - Direct Plan-Growth Option INF044D01BU9

Taurus Flexi Cap Fund earns a Low Process Pillar rating.

The most significant detractor from the rating is the fund's weak long-term risk-adjusted performance. This can be seen in its 10-year alpha calculated relative to the category average, which suggests that the process has struggled over that period. The parent firm's inferior risk-adjusted performance, as shown by its average 10-year Morningstar Rating of 2.4 stars, also detracts from the process. A lower star rating suggests that the firm has struggled to outperform on a risk-adjusted basis. The parent firm's five-year risk-adjusted success ratio of 0% further holds the rating back. The measure indicates the percentage of a firm's funds that have outperformed their respective category's median return for the period. The parent's subpar success ratio suggests that the firm could do better across its fund lineup.

This strategy leans toward smaller, more undervalued companies compared with its average peer in the Flexi Cap Morningstar Category. Analyzing additional factors, this strategy has consistently had a defensive tilt owing to its exposure to high-quality stocks over the past few years. High exposure to the quality factor means holding companies that are consistently profitable, growing, and have solid balance sheets. In recent months, the strategy was more exposed to the Quality factor compared with its Morningstar Category peers as well. This strategy has also exhibited a tilt toward high-volatility stocks over these years, meaning it has invested in companies that have a higher historical standard deviation of returns. This contributes to a higher-risk, higher-reward approach. In the most recent month, however, the fund's Volatility exposure was in line with the Morningstar Category average. In addition, the strategy had more exposure to high-liquidity stocks compared with Morningstar Category peers in recent months. Such stocks may have less potential upside than illiquid holdings, but they are easier to trade during market downturns. More information on a fund and its respective category's factor exposure can be found in the Factor Profile module within the Portfolio section.

The portfolio is overweight in consumer defensive and energy relative to the category average by 4.9 and 3.2 percentage points, respectively. The sectors with low exposure compared with category peers are basic materials and technology, underweight the average by 6.3 and 3.4 percentage points of assets, respectively. The portfolio is composed of 58 holdings and is relatively concentrated. Specifically, 42.8% of the strategy's assets are housed within the top 10 holdings, compared with the typical peer's 39.9%.