SEBI cancels registration of Morgan Stanley Mutual Fund

SEBI cancels the registration of Morgan Stanley Mutual Fund following the transfer of all its schemes to HDFC MF under a merger.

Aug 21, 2014 04:08 IST India Infoline News Service

SEBI (Securities and Exchange Board of India) has cancelled the registration of Morgan Stanley Mutual Fund following the transfer of all its schemes to HDFC MF under a merger.
The SEBI, in a statement, said that it has "cancelled the certificate of registration of Morgan Stanley Mutual Fund and has withdrawn the approval granted to Morgan Stanley Investment Management, to act as the Asset Management Company to the Mutual Fund."
Consequently, with immediate effect, the Morgan Stanley MF and Morgan Stanley Investment Management can not carry out any activity as a mutual fund and asset management company respectively.

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