SEBI approves Yes Bank to foray into the mutual fund space through its asset management arm
Dec 05 2018
News Category: AMC Specific Updates
According to media reports, Yes Bank received approval from SEBI for foraying into the mutual fund space through its fully-owned asset management arm – Yes Asset Management. The capital market regulator has approved the newly formed fund company to launch two debt funds, Yes Liquid Fund and Yes Ultra Short Term Fund. Piyush Baranwal has been appointed as the debt fund manager.