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16 Jan 2012 12:00 PM
Morgan Stanley MF launches multi asset fund  
Team Cafemutual
 

Morgan Stanley Mutual Fund announced the launch of its open-ended Morgan Stanley multi asset fund which opens for subscription on January 17 and closes – January 31.

The fund has two plans:A and B. Plan A seeks to generate regular income through investments in debt and money market instruments, along with capital appreciation through limited exposure to equity and equity-related instruments. Plan B will have exposure to three asset classes: equity, debt and gold ETFs. Both plans will have separate portfolios.

The fund will be co-managed by Jayesh Gandhi and Ritesh Jain.

Anthony Heredia, CEO, Morgan Stanley Mutual Fund, said: “We believe that the multi asset fund category has tremendous potential for growth. In the current market environment, multi asset funds which seek to generate reasonable returns with lower levels of risk, should find favor with investors.”

Asset allocation of Plan A

Asset Class/Instruments

Benchmark

Percentage

Debt and Money Market Instruments

CRISIL Composite Bond Fund Index

80%

Equity and Equity related instruments

S&P CNX Nifty

20%

Asset allocation of Plan B

Asset Class/Instruments

Benchmark

Percentage

Debt and Money Market Instruments

CRISIL Composite Bond Fund Index

70%

Equity and Equity related instruments

S&P CNX Nifty

15%

Gold Exchange Traded Funds

Domestic Price of Gold

15%

 

Exit load: 1% if redeemed before 1 year.

Minimum Investment: Rs. 5,000

Additional investment: Rs. 1,000

Total Recurring Expenses: 2.25% for both plans

 

 
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