Yes Mutual Fund seeks SEBI nod for maiden scheme; files offer document for liquid fund

Yes Mutual Fund has sought the Securities and Exchange Board of India’s approval for its maiden scheme, YES Liquid Fund, according to the draft offer document on the regulator’s website. The open-ended liquid scheme will deploy its entire corpus in debt and money market instruments with a maturity/residual maturity of up to 91 days.

Other features:
*Plans: Regular and direct
*Options: Growth and dividend
*Minimum application: Rs 10,000 and in multiples of Re 1 thereafter
*Exit load: Nil
*Fund manager: Piyush Baranwal
*Performance benchmark: CRISIL Liquid Fund Index