Morgan Stanley Mutual Fund has approved the revision of exit load structure in Morgan Stanley Short Term Bond Fund, an open-ended debt scheme, for all the applications received from May 28, 2009. Accordingly, the fund will not levy any exit load under both regular as well as institutional plus plan. Earlier, it charged an exit load of 0.25% if redeemed within 15 days of allotment.
However, the scheme do not ask entry load under both regular and institutional plus plan. The new offer period was opened for fresh subscription from May 12, 2009 till May 20, 2009. The objective of the scheme is to generate income from a diversified portfolio of short to medium term debt and money market securities.
However, the scheme do not ask entry load under both regular and institutional plus plan. The new offer period was opened for fresh subscription from May 12, 2009 till May 20, 2009. The objective of the scheme is to generate income from a diversified portfolio of short to medium term debt and money market securities.
No comments:
Post a Comment