Morgan Stanley`s conversion from an investment bank to a retail bank will not impact the performance of its Indian mutual fund subsidiary, Morgan Stanley Asset Management Company (AMC), reports Economic Times.
The conversion would not have impact on its fortune but will provide stability to the company. Also since the Indian AMC is registered in India and regulated by Securities Exchange Board of India (SEBI), investor`s money is safe.
The fund currently handles two funds of which the major one is a close-ended equity diversified fund, launched in 1994 with a size of Rs 28.80 billion while the other one is an open-ended diversified equity fund, with a size of only Rs 1.04 billion.
The conversion would not have impact on its fortune but will provide stability to the company. Also since the Indian AMC is registered in India and regulated by Securities Exchange Board of India (SEBI), investor`s money is safe.
The fund currently handles two funds of which the major one is a close-ended equity diversified fund, launched in 1994 with a size of Rs 28.80 billion while the other one is an open-ended diversified equity fund, with a size of only Rs 1.04 billion.
Source: http://www.myiris.com/newsCentre/storyShow.php?fileR=20080924130805198&dir=2008/09/24&secID=mf&code1=&code=
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