Morgan Stanley Mutual Fund has approved the revision of exit load structure in Morgan Stanley Active Bond Fund, an open-ended debt scheme, applicable for applications received on an ongoing basis post initial allotment. The new offer period was opened for fresh subscription from May 12, 2009 till May 25, 2009.
Accordingly, under regular plan, for purchases below Rs 50 lakh, the fund will charge 1% as exit load if redeemed on or before the expiry of 1 year of allotment while there will be 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 any entry and exit load. The investment objective is to generate optimal returns through active management of the portfolio consisting of debt as well as money market securities.
Accordingly, under regular plan, for purchases below Rs 50 lakh, the fund will charge 1% as exit load if redeemed on or before the expiry of 1 year of allotment while there will be 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 any entry and exit load. The investment objective is to generate optimal returns through active management of the portfolio consisting of debt as well as money market securities.
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