YES Asset Management Launches YES Ultra Short Term Fund NFO - RNews1 Network

YES Asset Management Launches YES Ultra Short Term Fund NFO

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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.

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