Morgan Stanley Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Ultra Short-Term Bond Fund. It is an open-ended debt scheme. The face value of the new issue will be Rs 10 per unit. The investment objective is to generate income from a portfolio of short-term debt and money market securities. The scheme will offer two plans regular and institutional plus plan with growth & dividend options. Dividend option will further offer dividend payout and reinvestment facility.
he minimum application amount under regular plan is Rs 5, 000 and in multiples of Re 1 thereafter. Under institutional plus plan, the minimum amount is Rs 1 crore and in multiples of Re 1 thereafter. The scheme seeks to collect a minimum corpus of Rs 5 crore during NFO period.
he minimum application amount under regular plan is Rs 5, 000 and in multiples of Re 1 thereafter. Under institutional plus plan, the minimum amount is Rs 1 crore and in multiples of Re 1 thereafter. The scheme seeks to collect a minimum corpus of Rs 5 crore during NFO period.
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