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Morgan Stanley Liquid Fund


Morgan Stanley Mutual Fund has announced the launch of its first liquid fund. It is launching a fund after a gap of more than two years. Prior to this, the fund house had launched two fixed income funds in May 2009.

Investment Strategy
The investment objective of the scheme is to provide returns, commensurate with low risk and high liquidity, through a portfolio of money market and short-term debt securities with residual maturities of up to 91 days. Overall, the scheme will invest upto 100% of the net assets in the securities maturing in 91 days.

Fund Manager
Mr. Ritesh Jain will be the fund manager. He is a commerce graduate and has done his PGDBA (finance) from K.J. Somaiya Institute of Management Studies and Research, Mumbai. He has over 13 years of experience in investment management. Prior to Morgan Stanley, he worked with Principal Mutual Fund for more than 9 years and headed their fixed income division.
Mr. Ritesh Jain also manages Morgan Stanley Short Term Bond Fund and Morgan Stanley Active Bond Fund.

Fund House
Morgan Stanley Mutual Fund launched its first fund in January 1994. This was followed by a long gap of 14 years before they launched their second equity fund in March 2008. Today the fund house manages four funds with Rs 2053 crores of assets under management.

Basic Details
NFO Opens: September 6, 2011
NFO Closes: September 7, 2011
NFO Price: Rs.1000
Options: Growth and Dividend Option
Minimum Application Amount: Rs. 5000
Exit Load: Nil
Benchmark: CRISIL Liquid Fund Index
Fund Manager: Mr. Ritesh Jain