Morgan Stanley MF launches Morgan Stanley Liquid Fund

| Published: Tuesday, September 6, 2011, 13:50 [IST]

Morgan Stanley Mutual Fund has launched a new fund offer named as Morgan Stanley Liquid Fund on September 6, 2011. It"s an open-ended liquid scheme. During the New Fund Offer (NFO) the scheme will offer units at Rs 1000 per unit.

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

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