Morgan Stanley Mutual Fund has approved revision of exit load structure in Morgan Stanley Short Term Bond Fund for all applications received from 28 May 2009.
Accordingly, the fund will not levy exit load under both regular and institutional plus plan. Earlier, it charged 0.25% if redeemed within 15 days of allotment.
The scheme do not ask entry load under both regular and institutional plus plan.
Morgan Stanley Short-Term Bond Fund is an open-ended debt scheme. The new offer period was opened for fresh subscription from 12 May 2009 till 20 May 2009.
The investment objective is to generate income from a diversified portfolio of short to medium term debt and money market securities.
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