Morgan Stanley Files Offer Document After The Gap Of 13 Years

After a gap of 13 years Morgan Stanley Investment Management is planning to float two new funds - Morgan Stanley Liquid Fund and Morgan Stanley Across Capitalisation Equity (A.C.E) Fund. Morgan Stanley liquid fund is an open-ended liquid scheme. The new fund offering (NFO) for the scheme is Rs. 10 plus an applicable entry load. The scheme seeks to collect Rs 6 crore in each plan as the minimum subscription amount.

The minimum application under regular plan is Rs. 5,000/- and in multiple of Re. 1/- thereafter. The minimum application under institutional plan is Rs. 50 lakhs and in multiple of Re. 1/- thereafter. The minimum application under institutional plus plan is Rs. 5 crore and in multiple of Re. 1/- thereafter.

There are three options under the scheme i.e. regular option, institutional option and institutional plus option. Each plans offers dividend and growth options. The dividend option provides dividend reinvestment and payout facility, as may be available under the plan.

The investment objective of the scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through a portfolio of money market and debt securities.

The scheme does not charge any entry as well as exit load for the investors.

The scheme will invest the entire corpus in debt and money market securities. The fund will invest 0%-100% in debt securities and money market instruments that includes investment in securitised debt up to 50% of the net assets of the scheme. The investment in derivatives will be up to 50% of the net assets of the scheme whereas investment in foreign debt instruments will be up to 30% of the net assets of the scheme.

Another scheme is Morgan Stanley Across Capitalisation Equity (A.C.E) Fund. The A.C.E fund is open-ended equity fund. . The new fund offering (NFO) for the scheme is Rs. 10 plus an applicable entry load. The scheme seeks to collect Rs 1 crore in each plan as the minimum subscription amount.

The minimum application for the scheme is Rs. 5,000/- and in multiple of Re. 1/- thereafter. There are two options under the scheme i.e. dividend and growth options. The dividend option provides dividend reinvestment and payout facility, as may be available under the plan.