Where proportion of these assets could vary based on factors such as your risk taking ability, your age and time horizon of your investments. Morgan Stanley Multi Asset Fund aims to fulfill these needs by investing in multiple assets. The new fund offer closes on January 31, 2012.
PRODUCT FEATURES
Morgan Stanley Multi Asset Fund, an open ended debt fund, will invest in debt, equity and gold. The fund has two plans, Plan A and Plan B, with each having separate portfolios. Plan A will invest in debt and equity, while Plan B will invest in debt, gold ETFs and equity. In the case of Plan A, debt shall constitute 80-100% of the portfolio, while equity will be 0-20%. In Plan B, debt shall constitute 65-100%, while equity and Gold ETFs, will form the balance 0-35% of the portfolio, with equity and gold not exceeding 20% of net assets. There is no entry load, while there is a 1% exit load if you sell before the completion of one year. After one year, there is no exit load.
Performance of similar funds Existing funds which invest in multiple assets are the likes of Canara Robeco Indigo fund which gave a return of 15% over the last one year, Axis Triple Advantage returned 7.03%, Taurus MIP Advantage returned 8.15% and Religare MIP Plus gave a return of 7.78%.
Goals of a person change over a period of time. Such readymade products may not help everyone meet their asset allocation. Hence invest in products that help you meet your goals.
Multi asset funds offer a readymade asset allocation. Hence many could find it useful.
One size fits all may not work in the world of investments.
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