Morgan Stanley MF launches two debt funds in India

Morgan Stanley Investment Management (MSIM) today announced the launch of a fixed income product range in India with two new funds -- Morgan Stanley Short-Term Bond Fund and Morgan Stanley Active Bond Fund.

This marks the debut of Morgan Stanley's Mutual Fund's fixed income boutique in the country and continues the firm's expansion in India's investment management industry, a press release issued here stated.

The investment objective of Morgan Stanley Short-Term Bond Fund is to generate income from a diversified portfolio of short-to-medium-term debt and money-market securities and will be benchmarked against the Crisil Short-Term Bond Fund Index, the release said.

The company's Active Bond Fund will seek to generate optimal returns through active management of a portfolio consisting of debt and money-market securities. It will be benchmarked against the Crisil Composite Bond Fund Index, the release said.