Mutual Fund specification: Taurus Mutual Fund designated under section 10(23D) for tax-exemption recognition under Income-tax law. The Central Government, under clause (23D) of section 10 of the Income-tax Act, specifies Taurus Mutual Fund as a Mutual Fund, noting that it is authorised by the securities regulator and registered under the mutual fund regulations made under securities legislation, thereby recognising it for the purposes of that tax provision.