YES Asset Management (India) Limited, a wholly owned subsidiary of YES BANK, is pleased to announce the launch of its second New Fund Offer (NFO) — the YES Ultra Short Term Fund. This is an open-ended ultra-short duration debt scheme that will invest in debt and money market instruments, maintaining a Macaulay duration between 3 to 6 months.
The NFO opens for subscription on May 24, 2019, and closes on June 06, 2019.
The YES Ultra Short Term Fund aims to maintain a high-credit quality portfolio, leveraging internal credit evaluation and liquidity analysis frameworks. The fund will employ a robust in-house credit and liquidity assessment process to evaluate the fundamental strength and market liquidity of issuers.
YES Asset Management received approval from the Securities and Exchange Board of India (SEBI) on November 27, 2018, to launch the YES Ultra Short Term Fund.
Disclaimer: Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully. Refer to page 2 of the Scheme Information Document for a detailed explanation of the concept of Macaulay Duration.
About YES Asset Management (India) Limited
YES Asset Management (India) Limited, a wholly owned subsidiary of YES BANK, has been established on a strong foundation of robust processes, advanced technology, and skilled human capital. Rooted in YES BANK’s philosophy of knowledge-led expertise and stakeholder value creation, YES Asset Management aims to deliver innovative investment solutions while maintaining prudent risk management practices. The company is the Investment Manager for YES Mutual Fund.
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