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How
do I invest in Morgan Stanley Mutual Fund?
You can invest in our open ended funds through our distribution
partners i.e. banks and our empanelled distributors or directly. You can
visit/call our branch offices
or our Transaction
Points. If you want to leave your details for us to contact you, please
click here.
You wish to invest in our close ended fund, Morgan Stanley Growth Fund (MSGF),
its units are listed on The National Stock Exchange (NSE), the Bombay Stock
Exchange (BSE) and all the major stock exchanges in India. Please contact your
broker to purchase/sell MSGF units.
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What
is the difference between open-ended and closed-ended schemes?
Open-ended funds do not have a fixed maturity whereas
closed-ended schemes have a stipulated maturity period. New investors can join
an open-ended scheme by directly subscribing to the mutual fund at applicable
NAV-related prices. However for close-ended schemes, investors can only
purchase units from the secondary market.
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Can
non-resident Indians (NRIs) invest in mutual funds?
Yes, non-resident Indians can also invest in mutual funds.
Necessary details in this respect are given in the
offer document of the schemes.
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What
should an investor look into an offer document?
Before investing in a scheme, an investor should carefully read
the offer document. Due care must be given to portions relating to main
features of the scheme, risk factors, initial issue expenses and recurring
expenses to be charged to the scheme, entry or exit loads, sponsor’s track
record, educational qualification and work experience of key personnel
including fund managers, performance of other schemes launched by the mutual
fund in the past, pending litigations and penalties imposed, etc.
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What
is lot size of MSGF?
MSGF lot size on the Exchanges is 1.
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What
are MSGF Codes on the NSE and the BSE?
NSE Code – MORGANSTAN
BSE Code – 500289
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What
is the tenure of MSGF?
MSGF was launched in February 1994, with duration of 15 years
due for redemption in February 2009. Whilst it is a closed-end fund (meaning
that its units are not redeemable until the expiry of 15 year period), the
units are listed and are available for buying/selling on the NSE, BSE and all
the major stock exchanges of India.
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How
long will it take for transfer of units after purchase from stock markets in
case of close-ended schemes?
According to SEBI Regulations, transfer of units is required to
be done within thirty days from the date of lodgment of certificates with the
mutual fund.
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Are
the MSGF units in the list of compulsory dematerialised securities?
Effective November 29, 1999, The Securities and Exchange Board
of India (SEBI) has included the Fund’s units in the list of compulsory
dematerialised securities for all the investors. However, the Fund’s units can
still be traded in quantities of up to 500 units in physical or paper form on
the odd lot segment of the Bombay Stock Exchange, Mumbai.
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What
documents do I need to submit with my initial application to buy units in your
mutual fund?
The following is a list of documents needed by an investor who is investing in
our fund for the first time. Subsequent investments in the same folio do not
need these documents. Please submit originals/true copies certified by Company
Secretary/Trustee/Authorised Signatory.
Documents for an “Individual” client:
Documents for "Corporate" clients:
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A copy of the PAN Card
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Certified copy of Memorandum of Association/Articles of Association
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Board Resolution authorizing the company to invest in mutual funds
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List of authorized signatories with specimen signatures
Documents for a "Trust":
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A copy of the PAN Card
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Trust Deed
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List of authorized signatories with specimen signatures
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Board Committee Resolution
Documents for "Societies":
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A copy of the PAN Card
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Board Committee Resolution
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Bylaws
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List of authorized signatories with specimen signatures
Documents for "Partnership Firms":
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A copy of the PAN Card
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Board Committee Resolution, Partnership Deed
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List of authorized signatories with specimen signatures
Documents for "NRI" clients:
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A completed application form with "NRI" boxes marked at the appropriate places
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A cheque in favour of "Morgan Stanley Mutual Fund" drawn from an NRE Account or
an Indian Rupee draft payable at Mumbai, drawn out of funds held in NRE
Accounts/FCNR Accounts
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An FIRC/debit certificate from the bank for demand draft
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Where
can I submit my application during NFOs and during ongoing offers?
For NFOs you can deposit the forms at any branch of the NFO
banker/s or our branch offices. The list of NFO bankers is available in the
Offer Document and KIM.
For ongoing offers, you can mail or drop your application at our
branch offices or our
Transaction Points.
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Can
I nominate another individual?
Yes. Please follow the following instructions for nominations:
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Only individuals applying for or holding units on their own behalf singly or
jointly can nominate. Non-individuals including Society, Trust, Body Corporate,
Partnership, Karta of HUF, or holders of POA cannot nominate.
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If the units are held jointly, all joint holders should sign the nomination
form.
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Only one nominee per folio is permitted which will be applicable for all
schemes under the folio.
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A minor can be nominated. In this event, the unit holder should provide the
name and address of the guardian of the minor nominee. If no guardian is
provided, nomination of the minor will be invalid. Please note that the
guardian should be someone other than the unit holder/s.
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The nominee shall not be a Trust, Society, Body corporate, Partnership firm,
Karta of HUF or a POA Holder. A non-resident Indian can be a nominee subject to
the exchange controls in force from time to time.
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Nomination with respect to the units stands rescinded upon the transfer of
units.
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Transfer of units in favour of a nomination shall be validly discharged by the
Asset Management Company against the legal heir.
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The cancellation of nomination can be made only by those individuals who have
units on their own behalf singly or jointly, and who made the original
nomination. On cancellation of the nomination, the nomination shall stand
rescinded and the Asset Management Company shall not be under any obligation to
transfer the units in favour of the nominee.
Click
here to download the Transaction Form. The nomination form is a part of
that
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What
is the cut-off time for investing in your fund?
In case of liquid funds, if you submit your applications before
12 noon, you will be allotted the units on the previous business day’s NAV
subject to realization of funds.
Post 12 noon, you will be allotted the units on the same day’s NAV subject to
realization of funds. In case of non-liquid funds, if you submit your
applications before 3.00 pm, you will be allotted the units on the same day’s
NAV. Post 3.00 pm it will be the allotted on the following business day’s NAV.
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Is
there a minimum transaction amount for each scheme?
Yes, there is a minimum transaction amount indicated against
each scheme. You can look for this information in the
Fund Snapshot.
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What
will I get as a proof of investing in a mutual fund?
You will receive an account statement which contains details of
the number of units bought and the price at which they were bought. You will
also receive an updated account statement as on 31st March every year, which
contains all the transactions pertaining to the purchase or sale of the units,
and the value of your folio as on 31st March.
If you know your Folio Number, you can
click here to get an email of your account statement as on date.
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When
will I get certificate or statement of account after investing in your mutual
funds?
In case of MSGF, you would either get a demat account statement
from your DP or unit certificates from your broker generally within 15 days of
investing. In case of open-ended schemes, a statement of account is issued by
the mutual fund within 30 days from the date of closure of New Fund Offer of
the scheme. For ongoing offers you will receive a statement of account
generally within 15 days depending on the type of fund. For details please
refer the Offer Document
of the respective fund.
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What
is the sale and redemption price?
The price you will be charged while investing in an open-ended
scheme is called sale price. Redemption price (or repurchase for the fund) is
the price that will be applicable to you when you want to exit the investment.
These prices may include entry/exit loads, if applicable.
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Is
there any load in your dividend re-investment plan of any scheme?
It will vary from scheme to scheme. Please refer the relevant
offer document for this.
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Can
Morgan Stanley impose fresh loads or increase loads beyond levels mentioned in
offer documents?
No. Changes in load are applicable only to prospective
investments and not to original investments. In case of imposition of fresh
loads or increase in existing loads, the funds are required to amend their
offer documents so that new investors are aware of the loads while investing.
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How
often is the NAV declared?
The NAV of the schemes are declared on each business day. The
NAV are published at least in two daily newspapers and the same is uploaded on
the AMFI website (www.amfiindia.com)
daily before 9.00 pm. You can click here to see the
latest NAVs and here to get the
NAV history.
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Why
is there a difference between the NAV and the Market Price of MSGF?
The difference is a reflection of investor preferences, risk
appetite, remaining tenor to maturity, performance perception and a number of
other market factors.
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How
do I know where the Mutual Fund scheme has invested money mobilized from the
investors?
We disclose our schemes’ portfolio in the newspapers
periodically. You can click here to see
the latest portfolios of our schemes.
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How
do I get the PIN and how does it help me as a customer?
The PIN is your password to access your investment account
online. Investors can do things like setting NAV alerts, giving service
requests, etc. online and distributors can view their top investors, top
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