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YES Bank's asset management arm enters MF biz, gets Sebi nod for 2 schemes

The asset management company will launch two schemes -- YES Liquid Fund and YES Ultra Short Term Fund

Press Trust of India  |  New Delhi 

YES Bank Photo: Reuters
YES Bank. Photo: Reuters

Private sector lender on Tuesday said its wholly-owned subsidiary has received markets regulator Sebi's approval to launch two mutual fund schemes. 

(India) is the latest Indian company to enter the mutual fund segment.

At present, there are over 40 mutual fund houses operating in the country.

The asset management company will launch two schemes -- YES Liquid Fund and YES Ultra Short Term Fund, the bank said in a statement. 

This approval is subsequent to Reserve Bank of India's approval granted to to sponsor a mutual fund followed by Sebi's in-principle approval received subsequently.

YES Asset Management, in July, received the approval from Securities and Exchange Board of India (Sebi) to commence  

First Published: Tue, December 04 2018. 15:20 IST
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