Asset management firm Morgan Stanley today said it has launched Morgan Stanley Multi Asset Fund, an open-ended debt fund, with an aim to generate regular income for its customers.
The NFO will open for subscription on January 17 and close on January 31. The minimum subscription amount to the scheme is Rs 5,000.
The scheme has two plans — A and B, and both the options will have exposure to debt and equities. Plan B will also invest in gold exchange traded funds.
"We believe that the multi asset fund category has tremendous potential for growth. In the current market environment, multi asset funds which seek to generate reasonable returns with lower levels of risk, should find favour with investors," Morgan Stanley Mutual Fund Chief Executive Officer Anthony Heredia said in a statement issued here.
The assets managed by the fund house stand at Rs 2,086.07 crore as on December.