Morgan Stanley Growth Fund to become open-ended from 15-Jan-09
Dec 02, 2008
Personal Finance
Well well, according to ValueResearchOnline, the close-ended Morgan Stanley Growth Fund launched in January 1994 – is all set to become become open-ended from January 15, 2009.
When it was launched, it generated huge hype with newspapers showing pictures of long queues of investors waiting to buy the application form ! A lot has happened since then, and the MF industry has also grown by leaps and bounds. This fund, however, has sorely disappointed it’s investors over the past 15 years with a CAGR of 10.6%.
Anyway, time to get some of that money back now !
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