Thursday, September 13, 2007

Mutual Funds News :-

1. Morgan Stanley has files two Offer Documents with SEBI.The AMC is likely to come out with two new fund offering i.e one Equity Divesified one Liquid fund.Morgan Staley will launch its funds after a gap of over 13 years.Last offering by Morgan Stanley AMC was Morgan Stanley Growth Fund which was a close ended fund for a period of 13 years and will turn into open ended in 2010.

2.JM Financial Funds have outperformed the sensex returns by over 100 % in the past one month.The best performers have been JM Emerging Leaders Fund and JM Small And Midcap Fund. It has shown that "Small is Big" .

3.Out of the top five performers of the last year three of them are the Infrastructure Funds. Namely Tata Infrastructure Fund,UTI Infrastructure Fund and ICICI Pru Infrastructure Fund.

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