Morgan Stanley MF launches Debt Funds in India

The investment objective of Morgan Stanley Short Term Bond Fund is to generate income from a diversified portfolio of short to medium term debt and money market securities and will be benchmarked against the CRISIL Short-Term Bond Fund Index. The Morgan Stanley Active Bond Fund will seek to generate optimal returns through active management of a portfolio consisting of debt and money market securities. It will be benchmarked against the CRISIL Composite Bond Fund Index. 

The New Fund Offers priced at Rs. 10 per unit, will be open for purchase from May 12 to May 20, 2009 for Morgan Stanley Short Term Bond Fund and from May 12 to May 25, 2009 for Morgan Stanley Active Bond Fund.  

Commenting on the fund launches, Anthony Heredia, CEO, Morgan Stanley Mutual Fund, said: “We are pleased to be expanding our product offering with the launch of two new fixed income funds. These mark the launch of our Fixed Income Boutique and are in line with our strategy to expand our business and range of products in India’s domestic funds market.” 

“Interest rates are at a cyclical downturn on the back of global economic slowdown and low inflation,” said Ritesh Jain, Head – Fixed Income and Lead Portfolio Manager for the Fixed Income Boutique, Morgan Stanley Mutual Fund. “Given this environment, Morgan Stanley Short Term Bond Fund will be well positioned to take advantage of any fall in short term interest rates. Morgan Stanley Active Bond Fund will be actively managed to take advantage of any fall in the overall interest rate structure. A flexible investment strategy is best positioned to generate an optimal risk adjusted return, given market opportunities.”

For more Mutual Fund News click here