Taurus MF Equity funds carry moderately high to high market risk as compared to debt funds and balanced funds. The fund value may go up/down as and when the underlying stock price changes. The stock prices might be affected by price and volume changes in the stock markets, interest rates, exchange rates, government policies, tax laws and other economic developments. The extent of risk also depends on the level of portfolio diversification. Sector / theme-based Taurus MF Equity funds possess higher market risk than diversified equity funds. Similarly, large-cap equity funds will have lower risk as compared to small-cap / mid-cap equity funds. Investors may consider their own risk tolerance before investing in a scheme.