
Started in 1993, this AMC has never been in the fray to launch funds or be aggressive with its offerings. For 14 years, this fund house had just one fund: the 15-year closed-end Morgan Stanley Growth fund. To some extent, it would not be wrong to say that this AMC actually restarted its operations in 2008, with the launch of its second equity fund, Morgan Stanley A.C.E. Since then it has expanded its offerings in the fixed income schemes with the launch of a liquid and a short-term bond fund, which is performing well. The fund house is a middle of the road performer.
For one of the earliest international funds to launch its India operations, the fund house has a very tepid India operation which has remained small in scale. The lack of variety in its offerings has resulted in this fund going nowhere. And although a few years ago the AMC mentioned its plans to launch retail investor focused plans and also international funds, it has not materialised. Further, lack of focus towards expanding its presence has also meant little investor interest in this fund’s offerings that has limited its size and scale.
This article was originally published on December 19, 2012.