Morgan Stanley MF announces dividend under 2 Funds


Bangalore: Morgan Stanley Mutual Fund has declared dividends under the dividend option of Morgan Stanley A.C.E Fund, where the quantum dividend will be 10 percent and Morgan Stanley Growth Fund where the quantum of dividend has been decided at 15 percent. Morgan Stanley A.C.E. Fund is an open-ended equity oriented scheme. The investment objective of the scheme is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities including equity derivatives. Morgan Stanley Growth Fund is an open-ended equity oriented scheme. The investment objective of the scheme is to achieve long term capital appreciation by investing primarily in equity and equity related securities of companies having large market capitalization. The dividend will be received by all investors registered under the dividend option of the above schemes as on November 4, 2010. The NAV of the scheme as on October 29, 2010 under Morgan Stanley A.C.E. Fund was 16.487 and under Morgan Stanley Growth Fund, the NAV of the scheme was Rs 22.827