Morgan Stanley MF launches Morgan Stanley Liquid Fund

Investment objective:
The investment objective of the scheme is to provide returns, commensurate with low risk and high liquidity, through a portfolio of money market and short-term debt securities with residual maturity of up to 91 days.
The scheme will allocate upto 100% of assets in money market & debt instruments with maturity / residual maturity / average maturity not greater than 91 days with low risk profile.
The fund has been rated [ICRA]A1+mfs.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Basic Details:
NFO Opens: September 6, 2011
NFO Closes: September 7, 2011
NFO Price: Rs.1000 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Exit Load: Nil
Benchmark: CRISIL Liquid Fund Index
Fund Manager: Mr. Ritesh Jain
GoodReturns.in