YES AMC launches Ultra Short Term Fund

By Morningstar |  24-05-19 | 
 

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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