Morgan Stanley plans expansion
Mumbai: Morgan Stanley MF is planning to expand its Indian operations and will include more equity and fixed income schemes in its portfolio. At present Morgan Stanley Investment Management (India), manages just one scheme, Morgan Stanley Growth Fund, and is looking at acquiring other such firms in India.

Morgan Stanley has however dropped plans to acquire Standard Chartered Mutual Fund in India.

When it first entered India in 1994, Morgan Stanley was the first overseas player in AMC business here. The closed-ended MSGF, which announced an interim dividend of Rs2 per unit for the fiscal ending March 31, 2007, has an AUM of Rs2,830 crore as of September 30, 2006.
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