YES Mutual Fund files offer document for Liquid Fund

YES Mutual Fund has filed offer document with SEBI to launch an open ended liquid scheme named 'YES Liquid 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 Liquid Fund Index. The minimum application amount shall be Rs 10,000 and in multiple of Re 1 thereafter.

The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity by investing in high quality debt and money market instruments.