Morgan Stanley MF has announced the launch of its open ended debt fund i.e. Ultra Short Term Fund. The scheme aims to provide liquidity and generate reasonable returns by investing in the portfolio of money market and short-term debt instruments.
The fund is benchmarked against CRISIL Liquid Fund Index. Ritesh Jain, Head of Fixed Income and Lead Portfolio Manager, Morgan Stanley MF will manage the fund.
The NFO opens from July 17, 2013 to July 24, 2013. It is priced at Rs 1000 per unit and will open for repurchase from July 29, 2013.
