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 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
