HDFC MF acquires Morgan Stanley MF's all 8 India schemes

HDFC Mutual Fund has acquired Morgan Stanley Mutual Fund. HDFC MF has paid Rs 170 crore for all 8 schemes managed by Morgan Stanley Mutual Fund in India.

"HDFC Mutual Fund has acquired a portfolio of strong performing domestic mutual fund schemes from Morgan Stanley and this acquisition is another step towards expanding our mutual fund customer base. We look forward to welcoming the investors in the eight schemes of Morgan Stanley Mutual Fund into the HDFC family," Milind Barve, MD of HDFC AMC said in a press release.