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.
About YES Asset Management (India) Limited
YES Asset Management (India) Limited, a wholly owned
subsidiary of YES BANK, has been successfully set up with its foundations based
on robust processes, superior human capital management and cutting edge
technology. YES Asset Management builds on the group philosophy of knowledge
led expertise and stakeholder value creation through innovative solutions and
services. At YES Asset Management, we are driven by prudent risk management and
knowledge-based investment practices. YES Asset Management is the Investment
Manager for YES Mutual Fund.