The Hindu : Business : Morgan Stanley offers new scheme

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Friday, Feb 08, 2008
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Morgan Stanley offers new scheme

Special Correspondent

MUMBAI: Morgan Stanley Mutual Fund on Thursday announced the launch of an open-ended equity scheme — Morgan Stanley A.C.E. (Across Capitalisations Equity) Fund.

The investment objective of the scheme is to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities, including equity derivatives. The fund will be benchmarked against the BSE 200.

The new fund offer, priced at Rs. 10 per unit (plus applicable entry load), will be open for purchase from February 11 to March 10. The fund will reopen for ongoing transactions in April.

Morgan Stanley Investment Management has a unique investment team model, which aims to ensure that each investment strategy is managed by a dedicated team with specific experience in that strategy.

Talking about the new fund, Narayan Ramachandran, CEO and Country Head, Morgan Stanley India, said: “There is now a significant retail interest in mutual funds and Morgan Stanley hopes to become one of the preferred mutual fund choices for investors over time.”

Speaking about the fund, Jayesh Gandhi, Lead Portfolio Manager — Multi-Cap Equity, Morgan Stanley India, said, “Our approach towards investing will be highly disciplined, process-driven and research based. We will invest in businesses with established operations, strong growth prospects and sound managements.

“The fund will seek value and growth and will not be restricted in terms of sectors, themes or market capitalisations.”

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