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Mumbai, Feb. 7 Morgan Stanley Mutual Fund has launched its open ended equity scheme Morgan Stanley A.C.E (Across Capitalisation Equity) Fund.

The New Fund Offer priced at Rs 10 per unit, which will be inclusive of the entry load of 2.25 per cent, will be open from February 11 to March 10.

The fund will reopen for ongoing transactions from April 2008.

The investment objectives of the scheme are to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities, including equity derivatives.

“The fund will seek both value and growth and will not be restricted in terms of sector, themes or market capitalisations. Our objective is to deliver long-term capital appreciation to our investors in a consistent manner,” said Mr Jayesh Gandhi, Lead Portfolio Manager, Multi Cap Equity, Morgan Stanley India.

The key benefits of this scheme, explained Mr Gandhi, are the flexibility of the scheme to invest across capitalisations based on valuations and also the ability of the scheme to gain from returns of sunrise sectors and midcap stocks and also from the stability of large cap stocks.

Talking about future plans of the Morgan Stanley Mutual Fund in the country, Mr Narayan Ramachandran, CEO and Country Head, Morgan Stanley India, said that they have filed for a liquid fund with SEBI and are waiting for regulatory approval to make their Morgan Stanley Growth Scheme an open-ended fund.

More Stories on : New Fund Offer | Mutual Funds

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