MUTUAL FUNDS
YES MF introduces Overnight Fund
Aug-19-2019

YES Mutual Fund (MF) has launched the YES Overnight Fund, an open ended debt scheme. The NFO opens for subscription on August 19, 2019 and closes on August 20, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter during the NFO period.

The scheme’s performance will be benchmarked against CRISIL Overnight Index and its fund manager is Piyush Baranwal.

The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made in overnight securities having maturity of 1 business day.

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