YES OVERNIGHT FUND

An open ended debt scheme investing in overnight securities.
Details as on March 31, 2020
Rated "A1+mfs"$ by ICRA
Ideal alternative for Institutional & Retail investors to invest surplus money for short term and earn reasonable returns.
No Exit Load on redemption of investments.
No mark to market risk
Minimal liquidity risk and interest rate risk
Stringent credit parameters to optimize the risk-return proposition for the investors
Most liquid of all schemes in the fixed income category
Investment Objective
The objective of the scheme is to seek 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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Inception Date
23rd August 2019
Benchmark Index
CRISIL Overnight Index
Fund Manager
Mr. Piyush Baranwal
(managing since inception)
Load Structure
Entry load#: Not Applicable
Exit load: NIL
Minimum Application & Additional Purchase Amount
₹ 500 and in multiples of ₹ 1/- thereafter. (w.e.f. September 05, 2019)
Monthly Average AUM
₹ 10.91 Crs.
Month End AUM
₹ 0.56 Crs.
Expense Ratio$
as on March 31, 2020
Regular Plan: 0.19
Direct Plan: 0.13
#SEBI vide its circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has decided that there shall be no entry Load for all Mutual Fund Schemes.
$Total Expense Ratio - As on last day of the month & includes additional expenses provided in Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Service Tax on Management Fees. For more details please refer the link https://www.yesamc.in/regulatory-disclosures/total-expense-ratio-of-mutual-funds-schemes
Regular Plan
Growth 1,029.0366
Weekly Dividend 1,000.4650
Fortnightly Dividend 1,000.6581
Direct Plan
Growth 1,029.3829
Daily Dividend 1,000.3701
Weekly Dividend 1,000.3496
Fortnightly Dividend 1,001.4605
Monthly Dividend 1,001.5265
Average Maturity 1 Day
Yield to Maturity 0.78%
Retail Investors
YES Overnight Fund - Monthly Option
Record Date Face Value (₹) NAV (₹) Dividend per Unit (₹)
Direct Direct
16-Mar-20
1000
1029.383
2.516
18-Feb-20
1000
1000.350
3.216
16-Jan-20
1000
1000.350
2.801
17-Dec-19
1000
1000.350
2.870

Other Investors
YES Overnight Fund - Monthly Option
Record Date Face Value (₹) NAV (₹) Dividend per Unit (₹)
Direct Direct
16-Mar-20
1000
1029.383
2.330
18-Feb-20
1000
1000.350
2.978
16-Jan-20
1000
1000.350
2.594
17-Dec-19
1000
1000.350
2.658

"Past Performance may or may not be sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if any)."

Issuer Name Instrument Type Rating % of Portfolio
Clearing Corporation of India Ltd
TREPS* 
99.45%
Cash & Cash Equivalents
0.55%
Total
100.00%

*TREPS : Tri-party repo dealing system


This product is suitable for investors who are seeking*

• Reasonable returns commensurate with low risk and convenience of liquidity over short term.
• Investment in debt and money market instruments having maturity of upto 1 business day.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.



$Note for ICRA A1+mfs : Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold units issued by the Mutual Fund.

The information herein above is meant only for general reading purposes and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. Before making any investments, the readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor, the Investment Manager, the Trustee, their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. 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 ₹ 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.