YES Mutual Fund launches YES Ultra Short Term Fund

NFO period: 24^th May – 06^th June, 2019

Highlights of the NFO:

• Scheme type – 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


• Investment objective – The investment objective of the scheme is to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market instruments. However there can be no assurance that the investment objective of the scheme will be achieved. The scheme does not guarantee / indicate any returns.


• Product suitability – The product is suitable for investors who are seeking regular income over short term by investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.


• Minimum Application Amount – First investment Rs. 1,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option.


• Fund Managers – Mr. Piyush Baranwal


• Benchmark – CRISIL Ultra Short Term Debt Index