Tuesday, March 4, 2008

Morgan Stanley MF Extends NFO Period For A.C.E. Fund

Morgan Stanley mutual fund has extended the new fund-offering (NFO) period of Morgan Stanley A.C.E. fund from 10 March to 11 March 2008.

Morgan Stanley A.C.E. -Across Capitalisations Equity Fund is an open-ended equity scheme. The NFO price for the fund is Rs 10 per unit plus applicable entry load. The minimum investment amount is Rs. 5000 and in multiples of Re. 1 thereafter.

The investment objective of the scheme is to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities including equity derivatives.

The scheme carries entry load of 2.25% for the purchase s of less than Rs 5. It may not charge an entry load for purchase amount of Rs 5 crore and above.

For purchases of less than Rs 5 crore: The scheme may charge an exit load of 1% for the redemption on or before the expiry of 6 months from the date of allotment. If redemption is done within 6 months but before 1 year from the date of allotment, there will be 0.5% exit load charged.

For purchases of Rs 5 crore and above: There will be 0.5% an exit load charged for redemption within 6 months. No exit load will be levied for redemption after the expiry of 6 months from the date of allotment.

The scheme will invest up to 65-100% in equity and equity-related instruments, and 0-35% in debt and money market instruments including securitised debt. Investment in derivatives may be up to 50% of the net asset of the scheme. Investments in foreign securities will be up to 30% of the net asset of the scheme.

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