YES Asset Management Launches Overnight Fund
YES, Bank, one of the largest private sector banks is a high quality, customer-centric and service-driven bank. It also received several national and international honors for various businesses. According to the market reports, Yes Asset Management released its new fund named YES Overnight Fund. August 19, it has been opened for Subscription and will be closed on August 23. Apart from that, the new fund will be managed by Piyush Baranwal.
The new scheme is an open-ended debt scheme investing in overnight securities having a maturity of one business day. The residual maturity of the underlying instruction is up to one business day, there are minimal default and interest rate risk to the capital invested.
Here a few comments regarding Launch of the YES Overnight Fund NFO, Kanwar Vivek, CEO, YES Asset Management, said “YES Overnight Fund will seek to maintain a high credit quality portfolio by analyzing the fundamental credit strength and secondary market liquidity of the issuer, using in-house credit and liquidity models. Institutional and Retail Investor is the ideal funds who are seeking to invest surplus money for short term and earn profitable returns.
|Mutual Fund||YES, Asset Management (India) Ltd.|
|Sponsor||YES BANK Limited|
|Trustee||YES Trustee Limited|
|CEO / MD||Mr. Nirav Dalal|
|Compliance Officer||Ms. Nehal Shah|
|Investor Service Officer||Ms. Vasudha Shah|
|Assets Managed||Rs. 1421.44 crore (Jun-30-2019)|
Disclaimer: This post is only for knowing the information about the scheme. It does not give any advice or recommendations to investors. So, please offer documents carefully or consult your adviser before investing