Morgan Stanley Mutual Fund
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Morgan Stanley Mutual Fund handed over all its assets to HDFC Asset Management. The company was subsequently de-registered by the SEBI in 2014.Updated On – 11 Jan 2025
Morgan Stanley was the first international financial company to offer mutual funds in India. It was incorporated in 1993 and was operational till 2014.
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.
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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
GST rate of 18% applicable for all financial services effective July 1, 2017.
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Courtsey To : Bankbazaar
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