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YES Ultra Short Term Fund (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)

Investment Objective

The investment objective of the scheme is to generate reasonable income with low volatility, through investment in a portfolio comprising of debt & money market instruments.
However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

^ Please refer to the page number 2 of the Scheme Information Document on which the concept of Macaulay’s Duration has been explained.

Investment Style

The fund positioning may be changed by fund manager, in accordance to the market scenario.

Portfolio Strategy

  • Identify securities that offer attractive yields while maintaining the credit quality and Macaulay duration of 3-6 months, of the portfolio
  • 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 models
  • The Fund shall have a combination of strategies including accrual strategy, trying to capture anticipated yield movement, rolling down of the residual maturity of the securities held in the portfolio and such other strategies to actively benefit the fund performance
  • The fund endeavors to invest in a portfolio mix of issuers with a minimum short term credit rating of ‘A1+’ and having a long term ratings of ‘AAA’ to ‘AA-’

Why Ultra Short Term Fund

  • Ideal for investors to invest surplus money for short term
  • No Exit Load on redemption of your investments
  • The fund seeks to follow stringent liquidity and credit parameters to optimize the risk-return proposition for the investors
  • Investors who have moderately low risk appetite and wish to earn reasonable returns may consider investing in this scheme

Asset Allocation

  • *Includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity upto one year, call or notice money, certificate of deposit, usance bills and any other like instruments as specified by the Reserve Bank of India from time to time.
  • $ The Macaulay duration of the portfolio of the Scheme would be between 3 to 6 months.
  • # Debt Securities includes securitized debts and liquid schemes launched by SEBI registered Mutual Fund or schemes that invest predominantly in money market instruments/ securities. Securitized debt cumulative allocation not to exceed 50% of the net assets of the Scheme.

Scheme Details

Category Ultra Short Duration Fund
Plans Available Regular Plan & Direct Plan
Options Available Growth and Dividend Option (with Daily, Weekly, Fortnightly, Monthly);
Dividend payout# and Re- investment option available
Minimum Application or Additional purchase Amount ₹ 500/- and in multiples of ₹ 1/- thereafter
Benchmark CRISIL Ultra Short Term Debt 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 Option will be available with all frequencies except daily. In case of daily frequency, dividend shall be mandatorily reinvested. In case the unit holder has opted for dividend payout option, the minimum amount for dividend payout shall be ₹ 500/- (net of dividend distribution tax and other statutory levy, if any), else the dividend would be mandatorily reinvested.

This product is suitable for investors who are seeking *:

  • Regular income over short term
  • Investment in debt and money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months

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

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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.

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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.