Mumbai: Morgan Stanley Mutual Fund has filed an offer document with SEBI to launch its open ended Morgan Stanley Gilt Fund.
The fund will invest in sovereign securities issued by the central government and/ or state government or repos/ reverse repos in such securities or any security unconditionally guaranteed by the central/state government. It will be benchmarked against I-SEC Composite Gilt Index. The minimum application amount is Rs. 5,000 plus in multiples of Re. 1.
The fund will invest a minimum of 65% in government securities of varied maturities including central and state government securities and up to 35% in money market instruments.
