YES Asset Management Launches YES Ultra Short Term Fund New Fund Offer (NFO)

Mumbai, May 24, 2019: YES Asset Management (India) Limited (YES Asset Management), a wholly owned subsidiary of YES BANK, is pleased to announce the launch of its second NFO YES Ultra Short Term Fund. The Fund is an open ended ultra-short term debt scheme investing in debt and money market instruments such that the Macaulay duration of the portfolio is between 3-6 months.  NFO opens for subscription on May 24, 2019 and closes on June 06, 2019.

YES Ultra Short Term Fund will seek to maintain a high credit quality portfolio by efficiently analyzing the fundamental credit strength and secondary market liquidity of the issuer using the in-house credit and liquidity needs. In November 27, 2018, YES Asset Management (India) Limited had received the approval from Securities & Exchange Board of India (SEBI) to launch YES Ultra Short-Term Fund.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.  Please refer page 2 of the Scheme Information Document on which the concept of Macaulay`s Duration has been explained.

About YES Asset Management (India) Limited

YES Asset Management (India) Limited, a wholly owned subsidiary of YES BANK, has been successfully set up with its foundations based on robust processes, superior human capital management and cutting edge technology. YES Asset Management builds on the group philosophy of knowledge led expertise and stakeholder value creation through innovative solutions and services. At YES Asset Management, we are driven by prudent risk management and knowledge-based investment practices. YES Asset Management is the Investment Manager for YES Mutual Fund.

For more details, please visit www.yesamc.in

For further information, please contact:

YES BANK                                                                           

Suren Kochar

Email: prqueries@yesamc.in          

Statutory Details: YES Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by YES BANK Ltd. (liability restricted to Rs. 1 Lakh). Trustee: YES Trustee Ltd.

Investment Manager: YES Asset Management (India) Ltd.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.