YES Mutual Fund has launched a new fund named as YES Overnight Fund, an open ended debt scheme investing in overnight securities. The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue will be open for subscription from 19 August 2019 to 20 August 2019.
The scheme offers growth option and dividend options, sup options: daily dividend (reinvestment), weekly dividend (payout & reinvestment), fortnightly dividend (payout & reinvestment) and monthly dividend (payout & reinvestment).
The scheme would allocate upto 100% of assets in debt securities and money market instruments (including Triparty Repo & Repo) maturing on or before the next business day with low risk profile.
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