Morgan Stanley Mutual Fund has launched new fund offer (NFO) period of Morgan Stanley Active Bond Fund. The issue is opened for subscription from 12 May till 25 May 2009. It is an open-ended debt scheme. The face value of the new issue will be Rs 10 per unit. The scheme will reopen within 30 days from the closure of NFO period. Details of the Morgan Stanley Active Bond Fund.
Investment objective: The investment objective is to generate optimal returns through active management of the portfolio consisting of debt and money market securities.
Investment options: The scheme will offer two plans regular and institutional plus plan with growth & dividend options. Dividend option will further offer dividend payout and reinvestment facilities. Dividend options will be having quarterly frequencies.
Minimum application amount: The minimum application amount under regular plan is Rs 5,000 plus in multiples of Re 1 thereafter. Under institutional plus plan, the minimum application amount is Rs 50 lakh plus in multiples of Re 1 thereafter.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period.
Asset allocation: The scheme will invest up to 100% in debt and money market instruments with low to medium risk profile. Investment in debt instruments including securitised debt shall be up to 100% of the net assets.
The scheme may also invest in foreign debt instruments up to 30% of the net assets of the Scheme in accordance with guidelines prescribed by SEBI and RBI from time to time. The scheme shall not make investments in foreign securitised debt.
The scheme may invest in derivative up to 50% of the net assets of the scheme. The scheme may also invest in foreign debt instruments up to 30% of the net assets of the scheme. Not more than 20% of the net assets of the scheme can generally be deployed in securities lending and not more than 5% of the net assets of the scheme can generally be deployed in securities lending to any single counter party.
Load structure: The scheme will not levy any entry nor exit load during NFO.
On an ongoing basis the scheme will not levy entry load. Regular plan will charge exit load of 0.25% if redeemed within 3 months of allotment. While, institutional plus plan will not levy exit load.
Benchmark index: The performance of scheme shall be benchmarked against CRISIL Composite Bond Fund Index.
Fund Managers: Ritesh Jain will be the fund manager for the scheme. He will handle the fixed income investments. Sridhar Sivaram, and Amay Hattangadi will be the dedicated fund managers for investment in foreign securities.
Rating: ICRA has assigned the “Credit Risk Rating mfAAA” to Morgan Stanley Active Bond Fund which means that Morgan Stanley Active Bond Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. This rating should however, not be construed as an indication of the performance of the aforesaid Fund or of volatility in its returns.
Investment objective: The investment objective is to generate optimal returns through active management of the portfolio consisting of debt and money market securities.
Investment options: The scheme will offer two plans regular and institutional plus plan with growth & dividend options. Dividend option will further offer dividend payout and reinvestment facilities. Dividend options will be having quarterly frequencies.
Minimum application amount: The minimum application amount under regular plan is Rs 5,000 plus in multiples of Re 1 thereafter. Under institutional plus plan, the minimum application amount is Rs 50 lakh plus in multiples of Re 1 thereafter.
The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period.
Asset allocation: The scheme will invest up to 100% in debt and money market instruments with low to medium risk profile. Investment in debt instruments including securitised debt shall be up to 100% of the net assets.
The scheme may also invest in foreign debt instruments up to 30% of the net assets of the Scheme in accordance with guidelines prescribed by SEBI and RBI from time to time. The scheme shall not make investments in foreign securitised debt.
The scheme may invest in derivative up to 50% of the net assets of the scheme. The scheme may also invest in foreign debt instruments up to 30% of the net assets of the scheme. Not more than 20% of the net assets of the scheme can generally be deployed in securities lending and not more than 5% of the net assets of the scheme can generally be deployed in securities lending to any single counter party.
Load structure: The scheme will not levy any entry nor exit load during NFO.
On an ongoing basis the scheme will not levy entry load. Regular plan will charge exit load of 0.25% if redeemed within 3 months of allotment. While, institutional plus plan will not levy exit load.
Benchmark index: The performance of scheme shall be benchmarked against CRISIL Composite Bond Fund Index.
Fund Managers: Ritesh Jain will be the fund manager for the scheme. He will handle the fixed income investments. Sridhar Sivaram, and Amay Hattangadi will be the dedicated fund managers for investment in foreign securities.
Rating: ICRA has assigned the “Credit Risk Rating mfAAA” to Morgan Stanley Active Bond Fund which means that Morgan Stanley Active Bond Fund carries the lowest credit risk, similar to that associated with long-term debt obligations rated in the highest-credit-quality category. This rating should however, not be construed as an indication of the performance of the aforesaid Fund or of volatility in its returns.
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