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Morgan Stanley Mutual Fund

Morgan Stanley was the first international financial company to offer mutual funds in India. It was incorporated in 1993 and was operational till 2014. In 2014, Morgan Stanley Mutual Fund handed over all its assets to HDFC Asset Management. The company was subsequently de-registered by the Securities and Exchange Board of India (SEBI) in the same year.

HDFC Asset Management merged with Morgan Stanley in December 2013. The merger, valued at over Rs.3,090 crores, increased the investor and asset base of the largest mutual funds company in India, HDFC Mutual Fund. The merger was largely seen as a consolidation exercise by HDFC in the highly dispersed Indian mutual funds market.

Morgan Stanley funds were either absorbed or rechristened by HDFC MF as the following products:

Schemes with fundamental changes

Morgan Stanley Growth – HDFC Large Cap

Morgan Stanley A.C.E. – HDFC Small and Mid Cap

Morgan Stanley Gilt Fund – HDFC Inflation Indexed Bonds

Morgan Stanley Multi Asset (Plan A and B) – HDFC Dynamic PE Ratio FOFs.

Schemes that were merged

Morgan Stanley Liquid – HDFC Liquid

Morgan Stanley Ultra Short Term Fund – HDFC Cash Management Fund - Treasury

Morgan Stanley Active Bond – HDFC High Interest Fund - Dynamic

Morgan Stanley Short Term Fund – HDFC Short Term Bond

Other Products

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News About Morgan Stanley Mutual Fund

  • JP Morgan MF Registration Cancelled by SEBI

    JP Morgan Mutual Fund’s registration certificate has been cancelled by the Securities and Exchange Board of India after the company’s schemes were transferred to Edelweiss Mutual Fund. Moreover, even the approval granted to JP Morgan Asset Management India was withdrawn by SEBI. The approval was given so that the company could be JP Morgan Mutual Fund’s Asset Management Company, but is now withdrawn. SEBI, in a press release, revealed that JP Morgan Mutual Fund’s scheme transfer to Edelweiss Mutual Fund was cancelled, adding that JP Morgan Mutual Fund had requested the regulator to also cancel the company’s registration certificate.

    14 June 2018

  • LTCG tax to be levied on equity mutual funds in 1 year and debt funds in 3 years

    Equity mutual funds will attract a long-term capital gains (LTCG) tax in 1 year while debt mutual funds will be levied this tax in 3 years. In the case of equity funds, long term is 1 year and for debt funds, long term is 3 years. Gains accumulated till 31 January 2018 for equity funds will be exempted from taxation but for gains succeeding the mentioned date, a tax of 10% will be levied. In case of debt funds, benefits of indexation will be applicable and after that, the gains will attract a tax of 20%.

    7 June 2018

  • JPMorgan Seeks Investor Approval for Delinking Amtek-based funds

    JPMorgan has sought investor approval to segregate its Amtek-based funds. SEBI meanwhile has asked mutual fund houses about their exposure to funds linked to Jindal Steel and Power (JSPL), after the rating agency ICRA downgraded JSPL ratings on non-convertible debentures (NCD), term loans, commercial papers, and fund and non fund-based limits of the company.

    SEBI had recently sent notifications to various fund houses regarding their investments as a few debt funds have recently turned liquid after downgrade by credit rating agencies. Majority of fund houses tend to keep corporate debt till maturity however pressure of sudden redemptions can give rise to crises.

    As a result of the moves of SEBI as well as news of selling of non-core business, Amtek Auto shares have surged by more than 13%. SEBI has asked different houses to give reports on the downgrades of bonds they have invested in on a real time basis.

    22 September 2015

  • Morgan Stanley India Investment Fund shares on a high

    Morgan Stanley Invest Fund Inc shares, which have been on a roller coaster ride over the last few months ended on a high this week, as they appreciated by 1.23% over the last week. This high was, however, overshadowed by a 9.58% loss over the last 4 weeks.

    The performance of these shares are negative when compared to S&P 500, with a 0.83% loss registered against their names. The shares have underperformed over the last 4 weeks, with a 3.56% drop compared to its index. Shares have fluctuated from a high of $25.7242 to a low of $25.25 this season. This fund is a non-diversified close-ended fund which invests primarily in equity securities like food products, pharmaceuticals, construction, etc.

    14 September 2015

  • JP Morgan’s AMC faces heat over redemption restrictions on debt schemes

    JP Morgan’s AMC is facing heat over redemption restrictions placed on two of its debt schemes viz. the Short Term Income Fund and India Treasury Fund, as investors liquidate holdings to avoid being locked-into the fund. The schemes had invested about Rs.200 in Amtek Auto which faced financial credibility issues yet held a strong credit rating on its debt paper.

    This incident has led to doubts on the dependency placed on ratings awarded by leading agencies. Care Ratings faced heat over its decision to continue with an A+ rating on short-term paper from DCHL despite clear liability defaults on the part of the company. However, the general consensus among fund managers is that investment responsibility lies with the fund manager of the two schemes. Ratings alone cannot suffice in supporting investment decisions.

    2 September 2015

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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