Stocks

Morgan Stanley launches liquid fund

Sneha Padiyath Mumbai | Updated on September 05, 2011

Morgan Stanley Mutual Fund announced the launch of an open-ended liquid scheme - Morgan Stanley Liquid Fund - on Monday. The new fund offer, which will be open for subscription from September 6 to September 7, 2011, will be priced at Rs. 1000 per unit. The fund will be open for repurchase on September 9, 2011.

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, said a release from the company.

“The launch of our liquid fund will give us the platform required to access the institutional client segment, which is a core long term focus for MSMF,” said Mr. Anthony Heredia, CEO, Morgan Stanley Mutual Fund.

The fund will be indexed to the CRISIL Liquid Fund Index and will be managed by Mr. Ritesh Jain, Head of Fixed Income and Lead Portfolio Manager, Morgan Stanley Mutual Fund (MSMF).

Published on September 05, 2011

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