Flowers

YES Overnight Fund(An open ended debt scheme investing in overnight securities.)

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.

Investment Style

Portfolio Strategy

  • Invests in Debt Securities and Money Market Instruments (including Triparty Repo & Repo) maturing on or before the next business day
  • Predominantly invests in overnight securities to generate returns corresponding to overnight rates in the money market
  • Maintains a high credit quality portfolio by analyzing the fundamental credit strength and secondary market liquidity of the issuer using the in-house credit and liquidity models
  • Additionally, identifying debt securities that offer attractive yields with a overnight residual maturity while maintaining the credit quality

Why Overnight Fund

  • 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

Asset Allocation

Scheme Details

Category Overnight Fund
Plans Available Regular Plan & Direct Plan
Options Available - Growth Option
- Dividend Option with Dividend Payout and Reinvestment
Default Option - Growth Option in case Growth Option or Dividend Option is not indicated.
- Dividend Reinvestment in case Payout or Reinvestment is not indicated
Minimum Application or Additional purchase Amount ₹ 500/- and in multiples of ₹ 1/- thereafter.
Benchmark CRISIL Overnight Index
Fund Manager Mr. Piyush Baranwal
Special Facilities Available (during ongoing offer) - Systematic Investment Plan
- Systematic Withdrawal Plan
- Systematic Transfer Plan
- Dividend Transfer Plan
For more details on special products during NFO, please refer Scheme Information Document.

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..

Riskometer

Disclaimer and Statutory Details

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 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.

For scheme related documents, kindly click here.

Declaration

The information, opinion and data contained in this Website do not constitute a distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of YES Mutual Fund in any jurisdiction in which such distribution, sale or offer is not authorised. The material/information provided in this Website is for the limited purposes of information only for the investors. In particular, the information herein is not for Sale or distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of YES Mutual Fund in the United States of America ('USA')/Canada to or for the benefit of United States persons (being persons resident in the US, corporations, partnerships or other entities created or organised in or under the laws of the US or any person falling within the definition of the term "US Person" under the US Securities Act of 1933, as amended) and persons of Canada. The material / information provided in this website is for the limited purposes of information only for the investors and in no event shall the directors, officers, employees, trustees, agents of YES Mutual Fund / group companies be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information / opinion herein.

By entering this Website or accessing any data /transacting on this website, I/We hereby confirm that I/We am/are not or corporations, or partnerships or any other entity created or organised in or under the laws of USA or any person/entity falling within the definition of the term 'US Person' under the US Securities Act of 1933, (as amended)persons resident in the United States of America (USA),, /resident of Canada. I/We hereby confirm that I/We am/are not giving a false confirmation and/or disguising my/our country of residence. I/We agree and acknowledge that YES Mutual Fund/YES Asset Management (India) Limited (YES AMC) is relying upon my/our confirmation and in no event shall the directors, officers, employees, trustees, agents of YES AMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation/ information provided herein.

Thank You

We have successfully registered your request. You shall receive alerts shortly.

Terms & Conditions:

I/We would like to invest in YES mutual fund Scheme’s subject to terms of the Statement of Additional Information (SAI), Scheme Information Document (SID), Key Information Memorandum (KIM) and subsequent amendments thereto. I/We have read, understood (before filling application form) and is/are bound by the details of the SAI, SID & KIM. I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment. I/We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act / Regulations / Rules / Notifications / Directions or any other Applicable Laws enacted by the Government of India or any Statutory Authority. I accept and agree to be bound by the said Terms and Conditions including those excluding/ limiting the YES Asset Management (India) Ltd.(YES AMC) liability. I understand that the YES AMC may, at its absolute discretion, discontinue any of the services completely or partially without any prior notice to me. I agree YES AMC can debit from my folio for the service charges as applicable from time to time. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. I hereby declare that the above information is given by the undersigned and particulars given by me/us are correct and complete. Further, I agree that the transaction charge (if applicable) shall be deducted from the subscription amount and the said charges shall be paid to the distributors.
I confirm that I am resident of India or I/We confirm that I am/We are Non-Resident of Indian Nationality/Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad through normal banking channels or from funds in my/our Non-Resident External/Ordinary Account/FCNR Account. I/We undertake that all additional purchases made under this folio will also be from funds received from abroad through approved banking channels or from funds in my/our NRE/FCNR Accounts I/We confirm that payment for this transaction has been done through my/own bank account number which is registered in the folio and no third party account is used for such payments. In case of any non-compliance, I/We authorize you to refund the said amount to the account where it is debited and will liable for any consequences arising thereof. I/We hereby authorize the representatives of YES AMC, its Distributors to contact me through any mode of communication. This will override registry on DND / DNDC as the case may be.

Terms & Conditions:

I/We would like to invest in YES mutual fund Scheme’s subject to terms of the Statement of Additional Information (SAI), Scheme Information Document (SID), Key Information Memorandum (KIM) and subsequent amendments thereto. I/We have read, understood (before filling application form) and is/are bound by the details of the SAI, SID & KIM. I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment. I/We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act / Regulations / Rules / Notifications / Directions or any other Applicable Laws enacted by the Government of India or any Statutory Authority. I accept and agree to be bound by the said Terms and Conditions including those excluding/ limiting the YES Asset Management (India) Ltd.(YES AMC) liability. I understand that the YES AMC may, at its absolute discretion, discontinue any of the services completely or partially without any prior notice to me. I agree YES AMC can debit from my folio for the service charges as applicable from time to time. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. I hereby declare that the above information is given by the undersigned and particulars given by me/us are correct and complete. Further, I agree that the transaction charge (if applicable) shall be deducted from the subscription amount and the said charges shall be paid to the distributors.
I confirm that I am resident of India or I/We confirm that I am/We are Non-Resident of Indian Nationality/Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad through normal banking channels or from funds in my/our Non-Resident External/Ordinary Account/FCNR Account. I/We undertake that all additional purchases made under this folio will also be from funds received from abroad through approved banking channels or from funds in my/our NRE/FCNR Accounts I/We confirm that payment for this transaction has been done through my/own bank account number which is registered in the folio and no third party account is used for such payments. In case of any non-compliance, I/We authorize you to refund the said amount to the account where it is debited and will liable for any consequences arising thereof. I/We hereby authorize the representatives of YES AMC, its Distributors to contact me through any mode of communication. This will override registry on DND / DNDC as the case may be.

Terms & Conditions:

I/We would like to invest in YES mutual fund Scheme’s subject to terms of the Statement of Additional Information (SAI), Scheme Information Document (SID), Key Information Memorandum (KIM) and subsequent amendments thereto. I/We have read, understood (before filling application form) and is/are bound by the details of the SAI, SID & KIM. I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment. I/We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act / Regulations / Rules / Notifications / Directions or any other Applicable Laws enacted by the Government of India or any Statutory Authority. I accept and agree to be bound by the said Terms and Conditions including those excluding/ limiting the YES Asset Management (India) Ltd.(YES AMC) liability. I understand that the YES AMC may, at its absolute discretion, discontinue any of the services completely or partially without any prior notice to me. I agree YES AMC can debit from my folio for the service charges as applicable from time to time. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. I hereby declare that the above information is given by the undersigned and particulars given by me/us are correct and complete. Further, I agree that the transaction charge (if applicable) shall be deducted from the subscription amount and the said charges shall be paid to the distributors.
I confirm that I am resident of India or I/We confirm that I am/We are Non-Resident of Indian Nationality/Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad through normal banking channels or from funds in my/our Non-Resident External/Ordinary Account/FCNR Account. I/We undertake that all additional purchases made under this folio will also be from funds received from abroad through approved banking channels or from funds in my/our NRE/FCNR Accounts I/We confirm that payment for this transaction has been done through my/own bank account number which is registered in the folio and no third party account is used for such payments. In case of any non-compliance, I/We authorize you to refund the said amount to the account where it is debited and will liable for any consequences arising thereof. I/We hereby authorize the representatives of YES AMC, its Distributors to contact me through any mode of communication. This will override registry on DND / DNDC as the case may be.

Terms & Conditions:

I/We would like to invest in YES mutual fund Scheme’s subject to terms of the Statement of Additional Information (SAI), Scheme Information Document (SID), Key Information Memorandum (KIM) and subsequent amendments thereto. I/We have read, understood (before filling application form) and is/are bound by the details of the SAI, SID & KIM. I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment. I/We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act / Regulations / Rules / Notifications / Directions or any other Applicable Laws enacted by the Government of India or any Statutory Authority. I accept and agree to be bound by the said Terms and Conditions including those excluding/ limiting the YES Asset Management (India) Ltd.(YES AMC) liability. I understand that the YES AMC may, at its absolute discretion, discontinue any of the services completely or partially without any prior notice to me. I agree YES AMC can debit from my folio for the service charges as applicable from time to time. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. I hereby declare that the above information is given by the undersigned and particulars given by me/us are correct and complete. Further, I agree that the transaction charge (if applicable) shall be deducted from the subscription amount and the said charges shall be paid to the distributors.
I confirm that I am resident of India or I/We confirm that I am/We are Non-Resident of Indian Nationality/Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad through normal banking channels or from funds in my/our Non-Resident External/Ordinary Account/FCNR Account. I/We undertake that all additional purchases made under this folio will also be from funds received from abroad through approved banking channels or from funds in my/our NRE/FCNR Accounts I/We confirm that payment for this transaction has been done through my/own bank account number which is registered in the folio and no third party account is used for such payments. In case of any non-compliance, I/We authorize you to refund the said amount to the account where it is debited and will liable for any consequences arising thereof. I/We hereby authorize the representatives of YES AMC, its Distributors to contact me through any mode of communication. This will override registry on DND / DNDC as the case may be.

Terms & Conditions:

I/We would like to invest in YES mutual fund Scheme’s subject to terms of the Statement of Additional Information (SAI), Scheme Information Document (SID), Key Information Memorandum (KIM) and subsequent amendments thereto. I/We have read, understood (before filling application form) and is/are bound by the details of the SAI, SID & KIM. I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in making this investment. I/We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contravention or evasion of any Act / Regulations / Rules / Notifications / Directions or any other Applicable Laws enacted by the Government of India or any Statutory Authority. I accept and agree to be bound by the said Terms and Conditions including those excluding/ limiting the YES Asset Management (India) Ltd.(YES AMC) liability. I understand that the YES AMC may, at its absolute discretion, discontinue any of the services completely or partially without any prior notice to me. I agree YES AMC can debit from my folio for the service charges as applicable from time to time. The ARN holder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us. I hereby declare that the above information is given by the undersigned and particulars given by me/us are correct and complete. Further, I agree that the transaction charge (if applicable) shall be deducted from the subscription amount and the said charges shall be paid to the distributors.
I confirm that I am resident of India or I/We confirm that I am/We are Non-Resident of Indian Nationality/Origin and I/We hereby confirm that the funds for subscription have been remitted from abroad through normal banking channels or from funds in my/our Non-Resident External/Ordinary Account/FCNR Account. I/We undertake that all additional purchases made under this folio will also be from funds received from abroad through approved banking channels or from funds in my/our NRE/FCNR Accounts I/We confirm that payment for this transaction has been done through my/own bank account number which is registered in the folio and no third party account is used for such payments. In case of any non-compliance, I/We authorize you to refund the said amount to the account where it is debited and will liable for any consequences arising thereof. I/We hereby authorize the representatives of YES AMC, its Distributors to contact me through any mode of communication. This will override registry on DND / DNDC as the case may be.