I had purchased some units of Morgan Stanley Growth fund listed on the stock exchange. Currently, I do not see that information in my portfolio. It seems the units of the fund are no longer present there. Can you please help me understand what happened to the units that I had bought?
- Brajesh Singh
The fund was a close-ended scheme and was listed on the stock exchange. This year (2009) it completed its closed-ended tenure of 15 years and since then it has been converted to an open-end scheme.
It was due for redemptions in January, 2009. At that time all its unit holders had the option to either redeem their units or to stay put. The units that you had purchased are still held by you if you haven’t opted for redemption when the scheme turned open-ended. It is not listed on the stock exchange any more. It is just that the units are no more held in your demat account which is why you are unable to see them there, but now you can transact directly with the fund house.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
