Yes Mutual Fund has launched 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.
The NFO opens for subscription on May 24, 2019 and closes on June 06, 2019.
In a press release, the fund house said, “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 January 2019, Yes Mutual Fund forayed into MF business with its liquid funds. Currently, the fund house manages assets of Rs.1233 crore.
