Morgan Stanley Multi Asset Fund
After a long time here’s an NFO which features Equity, the Morgan Stanley Multi Asset Fund. This is an open-ended debt fund which invests also in equity, debt as well as gold. Hence it is a hybrid fund which is best suited for anyone looking to spread their investment in all 3 asset class at once.
Asset Allocation: There are two plans available with this fund namely plan A and plan B. In Plan A you can get to choose to invest in 80-100% in debt and money market instruments and the rest in equities. In Plan B your money will be invested in debt, gold as well as equities. The gold will be in the form of investing in Gold ETF.
NFO Details: At the time of NFO the unit price of the Morgan Stanley Multi Asset Fund will be Rs. 10 per unit and the minimum investment amount is Rs. 5000. The NFO closes on January 31, 2012.
Options Available: Growth and dividend payout and reinvestment options.
Such hybrid funds are a good choice for those who are looking to diversify their investment with one single investment option but since being an NFO, think twice before investing in it. Otherwise you can also choose other such 3 mixed class funds which other MFs like the Sundaram Equity Plus.
It is primarily a debt fund which has its leg on both equities and gold class.
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