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Last Updated : Mar 12, 2019 06:20 PM IST | Source: Moneycontrol.com

Yes Mutual Fund files offer document with SEBI for overnight scheme

The scheme will allocate its entire corpus in debt securities and money market instruments with residual maturity of the next business day

Moneycontrol News @moneycontrolcom
Representative Image
Representative Image

Yes Mutual Fund has sought the Securities and Exchange Board of India's approval to launch Yes Overnight Fund, an open-ended debt scheme investing in overnight securities, according to the draft offer document on the regulator's website.

The scheme will allocate its entire corpus in debt securities and money market instruments with residual maturity of the next business day.

Other features --

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Plans: Regular and direct

Options: Growth and dividend

Minimum investment: Rs 1,000 and in multiples of one rupee thereafter

Exit load: Nil

Performance Benchmark: CRISIL Overnight Index

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First Published on Mar 12, 2019 06:20 pm
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