MUMBAI:
YES Asset Management (India) Limited (YES Asset Management), a wholly owned subsidiary of YES BANK, is pleased to announce the launch of its second NFO YES Ultra Short Term Fund. The Fund is an open ended ultra-short term debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 3-6 months. NFO opens for subscription on May 24, 2019 and closes on June 06, 2019.
YES Ultra Short Term Fund will seek to maintain a high credit quality portfolio by efficiently analyzing the fundamental credit strength and secondary market liquidity of the issuer using the in-house credit and liquidity needs. In November 27, 2018, YES Asset Management (India) Limited had received the approval from Securities & Exchange Board of India (SEBI) to launch YES Ultra Short-Term Fund.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Please refer page 2 of the Scheme Information Document on which the concept of Macaulay`s Duration has been explained.
