Yes Mutual Fund has received SEBI approval to launch two debt funds – Yes Liquid Fund and Yes Ultra Short Term Fund.
In a press release, the fund house has said, “Yes Bank is pleased to announce that pursuant to the final regulatory approval (Certificate of Registration) from the SEBI to commence its mutual fund business, Yes Asset Management (India), the wholly owned subsidiary of Yes Bank has received SEBI approval to launch: Yes Liquid Fund and Yes Ultra Short Term Fund.”
This approval is subsequent to the RBI approval granted to Yes Bank to sponsor a mutual fund followed by SEBI’s in-principle approval received subsequently.
The fund house has hired Piyush Baranwal as its debt fund manager. Baranwal was earlier associated with BOI Axa Mutual Fund, Morgan Stanley and Principal Mutual Fund.
CAMS is the registrar and transfer agent for the company.
