YES Mutual Fund files offer document for Ultra Short Term Fund

YES Mutual Fund has filed offer document with SEBI to launch an open ended ultra short term debt scheme named 'YES Ultra Short Term Fund'. The New Fund Offer price is Rs 1000 per unit. Entry load and Exit Load will be nil for the scheme. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance for the scheme will be benchmarked by CRISIL Ultra Short Term Debt Index. The minimum application amount shall be Rs 10,000 and in multiple of Re 1 thereafter.

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.