YES Asset Management receives approval to launch two mutual fund schemes

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Mumbai:  Yes Asset Management (India), a wholly owned subsidiary of YES BANK has received Securities & Exchange Board of India (SEBI) approval to launch YES Liquid Fund and YES Ultra Short Term Fund.  The company has launched these products following grant of final regulatory approval (Certificate of Registration) from  SEBI to commence its Mutual Fund business.

This 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.

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