Morgan Stanley Mutual Fund has approved revision of exit load structure in Morgan Stanley Active Bond Fund applicable for applications received on an ongoing basis post initial allotment. Morgan Stanley Active Bond Fund is an open-ended debt scheme. The new offer period was opened for fresh subscription from 12 May 2009 till 25 May 2009.
Accordingly, under regular plan, for purchases below Rs 50 lakh, the fund will charge an exit load of 1% if redeemed on or before the expiry of 1 year of allotment while no exit load for purchase of Rs 50 lakh and above. For purchase of Rs 50 lakh and above, the fund will not charge exit load.
Under institutional plus plan, the fund will not charge entry and exit load. The investment objective is to generate optimal returns through active management of the portfolio consisting of debt and money market securities.
Accordingly, under regular plan, for purchases below Rs 50 lakh, the fund will charge an exit load of 1% if redeemed on or before the expiry of 1 year of allotment while no exit load for purchase of Rs 50 lakh and above. For purchase of Rs 50 lakh and above, the fund will not charge exit load.
Under institutional plus plan, the fund will not charge entry and exit load. The investment objective is to generate optimal returns through active management of the portfolio consisting of debt and money market securities.
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