Morgan Stanley A.C.E./ACE Fund

Morgan Stanley has launched a Mutual Find after 14 years after they launched their firs fund in India. It is an open ended fund called the ACE (Across Capitalisations Equity) fund whose objective is to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities including equity derivatives.

It proposes to invest the funds as pet the details given below
Equity and Equity Related Instruments: 65% - 100%
Debt and Money Market Instruments (including Securitised Debt): 0 – 35%

Scheme Details
Issue Opens: February 11, 2008
Issue Closes: March 10, 2008
Type: Open-ended, equity scheme
Plan : Dividend Option,Dividend Reinvestment, Growth Option
Minimum Investment: Rs. 5,000. Additional amount in multiples of 1 thereafter
Entry Load: The entry load will be as given belo
For purchases of less than Rs. 5 crore: 2.25%
For purchases of Rs. 5 crore and above: Nil
For purchases in SIPs under salary saving schemes for groups of employees through an arrangement with their employer: Nil
Exit Load: The exit load will be as given below
For purchases of less than Rs. 5 crores:
If redeemed on or before the expiry of 1 year from the date of allotment: 1%
After the expiry of one year from the date of allotment: Nil
For purchases of Rs. 5 crores and above:
If redeemed on or before the expiry of 6 months from the date of allotment: 0.5%, otherwise Nil
Benchmark : BSE 2000
Liquidity - The Scheme will offer Units for Purchase and Redemption at NAV related prices on every Business Day on an on-going basis, commencing not later than 30 days from the closure of the NFO period. The Mutual Fund will endeavour to dispatch the Redemption proceeds within 3 Working Days from the acceptance of the Redemption request.
Initial Issue Expenses: Entry Load collected during the NFO period shall be utilised to meet the NFO expenses. Remainder of the New Fund Offer expenses, if any, shall be borne by the AMC.