 "Morgan Stanley MF launches ultra short-term fund")
Morgan Stanley Mutual fund has announced the launch of an open-ended debt fund – Morgan Stanley Ultra Short Term Fund.
The new fund offer has already opened for subscription on July 17 and will close on July 24, 2013. It will open for repurchase from July 29, 2013.
The new fund offer has already opened for subscription on July 17 and will close on July 24, 2013. It will open for repurchase from July 29, 2013.
In a news release, the fund house said that the investment objective of the fund is to provide liquidity and generate returns from a portfolio of money market and short-term debt instruments.
The fund will be benchmarked to the CRISIL Liquid Fund Index and will be managed by Ritesh Jain, head of fixed income and lead portfolio manager of fixed income boutique at Morgan Stanley Mutual Fund.