YES Asset Management (India) Limited, is a subsidiary of YES Bank. The motto of YES Mutual Fund is ‘Experience our Expertise’. It strives to combine investor’s interests and the company’s relentless endeavours more...
Investment Duration5 years
₹ 0Total Investment
₹ 0Wealth Gained
Total Corpus Created (₹)With CAGR of 11.25 % in 5 years
|Fund Name||Scripbox Opinion||Till Date CAGR|
YES Asset Management (India) Limited manages assets worth 68 crores and was set up on 21 April 2017. It's current offering of mutual fund schemes includes 25 debt funds.
YES Asset Management (India) Limited
YES BANK Limited
21 April 2017
MD & CEO
Mr. Nirav Dalal
YES Trustee Limited
602 B, 6th Floor, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone (West), Mumbai 400013
ICICI Prudential Asset Management Company Limited
Nippon Life India Asset Management Ltd
UTI Asset Management Co Ltd
SBI Funds Management Private Limited
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YES Asset Management (India) Limited, is a subsidiary of YES Bank. The fund house seeks to build a strong Mutual Fund franchise. It aims to provide a wide range of financial products to its investors.
The motto of YES Mutual Fund is ‘Experience our Expertise’. It strives to combine investor’s interests and the company’s relentless endeavours to provide the optimum solution.
The fund house was set up with an investor centric approach. This approach simplifies investors’ goals through good investment practices and risk management. The board and fund management team have rich experience and are seasoned professions. Their financial services and mutual fund industry experience helps in creating products that are in line with the company’s motto.
YES mutual fund manages AUM of INR 395.27 crore as of December 2019. The funds offered by the YES AMC (Asset Management Company) are YES Overnight Fund, YES Liquid Fund and YES Ultra Short Term Fund. All of them are debt mutual funds investing majorly in debt securities and money market instruments.
Time needed: 30 minutes.
With Scripbox mutual fund investment is extremely easy. It can be done at the click of a mouse. To invest in mutual funds, one has to follow the steps below.
To begin the investment journey, visit Scripbox’s website. On the homepage, click on the button “Let’s get started”. A list of financial goals is displayed. Choose financial goals closet to one’s life goal to invest in mutual funds. To proceed with mutual fund investment, click on the “Continue” button.
This step begins with creating an account with Scripbox. One can use their email id to create an account. Once done with account creation, login to the account. Upon doing so, different payment options and the amount of investment will be available. Enter the amount one is willing to invest. Next, they have to select from “Every month SIP” or “One-time” payment options depending on their cash flow. Scripbox’s online SIP calculator can be used to calculate their potential SIP returns.
To see the recommended funds click on “See Recommended Funds” button and proceed for investment.
This step displays the actual investment plan. The mutual funds and the allocated amount for each of the mutual funds in the selected plan is shown. The minimum application amount for Yes mutual funds is INR 500. Check all the details before proceeding ahead. There is an option to change the fund and investment amount. One can do so by clicking on the option, “I want to change Funds/ Amount”. Click on the “Next” button to make payment.
To proceed with mutual fund investment, Scripbox would need an investor’s bank saving account and PAN details. Scripbox provides a secure environment. Also, the bank details (saving account) will only be used for investing and crediting the redemption proceeds only.
Know Your Customer (KYC) is used to identify a client. SEBI prescribes the KYC requirements. Investors have to be KYC compliant to invest in SEBI registered mutual funds. Details of identity, demographics, financial status, occupation and address of a person form a part of the KYC form.
Scripbox helps potential investors to get their KYC done online on their website. The documents required for KYC by Resident Indians and PIOs residing in India are:
Investors have to upload clear colour scanned copies of the documents required for KYC. This can be done at the time of registration itself. Alternatively, they can also share the KYC documents at firstname.lastname@example.org or Whatsapp it to us on 91-8884448026.
Mr Soral is currently the Executive Vice President – Equity Investments. He has more than ten years of experience. His experience is across equity research, global markets, corporate finance and fund management. Prior to joining YES AMC, he was with Shriram Asset Management as the head of equity fund management team. He also worked with Edelweiss Asset Management, Larsen & Toubro Limited, and Deutsche Bank. At Deutsche Bank, he was part of the Global equity derivatives trading team. Mr Soral holds a chemical engineering degree from IIT-BHU Varanasi. He also holds a PGDM from IIM Ahmedabad. Mr Soral is also a CFA charter holder.
Mr Baranwal is currently the Executive President – Senior Fund Manager (Fixed Income). He has more than 12 years of experience in the fund management and fixed income sector. Prior to joining the fund house, he was the Head of Fixed Income at BOI AXA Investment Manager. He also worked with Morgan Stanley Investment Management as a portfolio manager. He started his career at Principal PNB AMC. Mr Baranwal holds a B.E. degree in Electronics and Communication from MIT Manipal. He also holds a PGDM in finance from SPA MR, Mumbai. Also, he is a Certified Financial Analyst by CFA Institute, USA. He currently manages the following YES mutual fund schemes YES Liquid Fund, YES Overnight Fund, and YES Ultra Short Term Fund.
To invest in Yes mutual fund through offline mode, one can directly visit the YES AMC office and fill in the application form. Or, they can approach any investment advisor (intermediary). The minimum application amount is INR 500 for Yes mutual funds.
To invest in a Yes mutual fund through online mode, one can visit their website and create an account with them and start investing. They also invest through online portals like Scripbox.
To invest in mutual funds, one needs the following documents: Pan Card, and Aadhar Card.
SIP investment can be stopped online or offline. For offline, the investor can visit the nearest branch of YES AMC and submit a letter for the same. Or they can also request their advisor (intermediary) to do the same for them.
For online, one can visit their website and stop their SIP there. Alternatively, if invested through online portals, the investor can request them to stop the SIP for them.
Online or offline, it takes 30 days for the request to process.
Investors need not stop their SIP as there are no funds available. Instead, they can just pause their SIP and start it back later when they have enough funds.
To withdraw investments form YES mutual fund, one can do it through online or offline mode. For doing it offline, one can submit a transaction slip with all the redemption details at the nearest branch of YES AMC or to their advisor (intermediary).
For online mode, they can directly visit their website and redeem their investments. Alternatively, if invested through online portals, then they can withdraw their investments with them.
Once the investment is redeemed, the account will be credited with the money within three days for equity funds, two days for debt funds, and one day for liquid funds.
To increase the SIP investment amount, one can stop the existing SIP and start a new SIP with the new amount. Or they can let the ongoing SIP continue and start a new SIP in the same fund with the additional amount. So there will be two SIPs in one fund. If one hasn’t started investing yet, they can always opt for a SIP top-up option. It lets investors top-up SIP with a certain amount or a certain percentage every year. This will boost mutual fund SIP returns.
YES Asset Management (India) Limited, is a subsidiary of YES Bank. The fund house aims to provide a wide range of financial products to its investors. The motto of YES Mutual Fund is ‘Experience our Expertise’. The fund house was set up with an investor centric approach. This approach simplifies investors’ goals through good investment practices and risk management. YES mutual fund manages AUM of INR 395.27 crore as of December 2019. The top mutual funds offered by the YES AMC are YES Overnight Fund, YES Liquid Fund and YES Ultra Short Term Fund
YES mutual fund currently offers three funds. All of them are debt mutual funds investing majorly in debt securities and money market instruments. But not all funds suit all investors. These funds have different objectives, investment horizons and are from different risk grades. An investor has to see which fund(s) match his/her objectives and investment horizon. He/she has to assess how much risk they can absorb and then choose a fund accordingly. The best fund is the fund that not only performs well but also fits the investor’s requirements perfectly.
Investors’ can further narrow down their mutual fund investments selection by analysing the fund based on a few parameters. Few of them are fund performance, expense ratio, standard deviation, fund manager’s experience, Sharpe ratio, and related mutual funds news. Investors need not analyse deeply on all of the parameters. However, the fund’s historical performance, expense ratio and the fund’s news are important. The investor has to analyse at least the fund based on these parameters.
The top mutual funds of YES mutual fund are YES Liquid Fund, YES Ultra Short Term Fund, and YES Overnight Fund.
Yes Liquid Fund seeks to generate optimal returns by investing in high quality money market instruments and debt securities. The fund positions itself as a moderate risk fund with high liquidity.
YES Ultra Short Term Fund seeks to generate income with low volatility by investing in debt & money market instruments.
Yes Overnight Fund seeks to provide high liquidity with low risk. It invests only in securities having a maturity of one business day.