YES Asset Management Gets Approval to Launch Two Mutual Fund Schemes | CORPORATE ETHOS

YES Asset Management Gets Approval to Launch Two Mutual Fund Schemes

By: | December 4, 2018
yes-bank

Dec 4: Private sector lender YES BANK on Tuesday announced that pursuant to the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its Mutual Fund business, YES Asset Management (India) Ltd, the wholly owned subsidiary of YES BANK has received SEBI approval to launch:

• YES Liquid Fund and
• YES Ultra Short Term Fund

According to a statement from the bank, the said approval is subsequent to the Reserve Bank of India’ s (RBI) approval granted to YES BANK to sponsor a Mutual Fund followed by SEBI’ s in-principle approval received subsequently.