Mutual Funds are vehicles designed to help small investors invest in a whole range of financial assets. The fund managers of mutual funds provide the expertise that is needed to make the correct choices and design the portfolio on behalf of the inadequately equipped small investors. Morgan Stanley became the first of the global players to enter the Indian capital market when it invited subscription from Indian nationals to its mutual fund scheme Morgan Stanley Growth Fund (MSGF) in early 1994. The case describes the manner in which the entry was perceived in India and provides data for an assessment of whether the global giant was able to fulfill the early expectations of investors.