YES AMC launches Ultra Short Term Fund

May 24, 2019
 

The latest entrant in the mutual fund industry YES Asset Management (India) Limited has launched YES Ultra Short Term Fund. The open ended ultra-short term fund will invest 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 6, 2019.

YES Ultra Short Term Fund will seek to maintain a high credit quality portfolio by analyzing the fundamental credit strength and secondary market liquidity of the issuer using the in-house credit and liquidity needs.

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