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Morgan Stanley launches gilt fund

Posted on Feb 14, 07:08PM | IBNS

New Delhi, Feb 14 : Morgan Stanley Mutual Fund announced on Thursday the launch of an open-ended Gilt Scheme '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 fund will be benchmarked against the I-SEC Composite Gilt Index and will be managed by Ritesh Jain, Head of Fixed Income and Lead Portfolio Manager, Fixed Income Boutique at Morgan Stanley Mutual Fund.

The New Fund Offer priced at Rs. 10 per unit and will be open for subscription from February 14 to 21 and will open for repurchase from March 4.