Feb 08, 2013, 04.34 PM | Source: Moneycontrol.com
Morgan Stanley Mutual Fund launches Morgan Stanley Gilt Fund.
The investment objective of the scheme is to generate returns primarily through investments in sovereign securities issued by the Central Government and/or a State Government or repos/reverse repos in such securities.
The scheme will be available in two options growth and dividend quarterly reinvestment and payout option. No Entry and Exit load is applicable.
The minimum application amount is Rs 5,000 and in multiple of Rs 1 thereafter.
The scheme seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period.
The portfolio of the scheme will comprise of 65% - 100% in Securities issued by Central and State Government and Treasury bills with Sovereign risk profile and allocate upto 35% in CBLO, Repo against Government securities with sovereign to low risk profile.
I-SEC Composite Gilt Index is the Benchmark index for the scheme and it will be managed by Ritesh Jain.
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