Monthly Factsheet March 2021 - YES Mutual Fund
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Monthly Factsheet
March 2021
Mutual Fund investments are subject to market risks, read all scheme related documents carefullyHOW TO READ
FACTSHEET?
Fund Manager: An employee of the asset management company such as a mutual fund or life insurer, who
manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
Minimum Application Amount: This is the minimum investment amount for a new investor in a mutual fund
scheme
Minimum Additional Amount: This is the minimum investment amount for an existing investor in a mutual
fund scheme
Yield to Maturity: The Yield to Maturity is the rate of return anticipated on a bond if held until maturity. YTM is
expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate
and time to maturity.
SIP: SIP or Systematic Investment Plan works on the principle of making periodic investments of fixed sum. It
works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests `500 every
15th of the month in an equity fund for a period of 3 years.
NAV: The NAV or the net Asset Value is the total asset value per unit of the mutual fund after deducting all
related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at
which the investor enters or exits the mutual fund.
Benchmark: A group of securities, usually a market index, whose performance is used as a standard or
benchmark to measure investment performance of mutual funds, among other investments. Some typical
benchmarks include NIFTY, Sensex, BSE200, BSE500, 10 year G-Sec
Entry Load: A mutual fund may have sales charge or load at the time of entry and/or exit to compensate the
distributor/agent. Entry Load is charged at the time an investor purchases the units of a mutual fund. The entry
load is added to the prevailing NAV at the time of investment. For instance, if the NAV is `100 and the entry
load is 1%, the investor will enter the fund at `101.
Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the
investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.
Exit Load: Exit Load is charged at the time an investor redeems the units of a mutual fund. The exit load is
deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is `100 and the exit load
is 1%, the redemption price would be `99 per unit.
Modified Duration: Modified duration is the price sensitivity and the percentage change in price for a unit
change in yield.
AUM: AUM or Assets under management refers to the recent /updated cumulative market value of
investments managed by a mutual fund or any investment firm.
Holdings: The holdings or the portfolio is a mutual fund’s latest or updated reported statement of
investments/ securities. These are usually displayed in terms of percentage to net assets or the rupee value or
both. The objective is to give investors an idea of where their money is being invested by the fund manager.
Nature of scheme: The investment objective and underlying investments determine the nature of the mutual
fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock
markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by
investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.
Rating Profile: Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the
ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profie
of the fund. Typically, this is a feature of debt funds.
1YES LIQUID FUND
An Open-Ended Liquid Scheme
March 2021
Investment Objective
The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity by
investing in high quality debt and money market instruments. However, there is no assurance or guarantee that the investment objective
of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Why Invest In Yes Liquid Fund ?
Rated "A1+mfs"$ by ICRA
The fund endeavors to generate optimal returns with high level of liquidity, minimal volatility & low to moderate credit risk
The fund endeavors to maintain high credit quality portfolio by analyzing the fundamental credit strength and secondary market
liquidity of issuers using in- house credit and liquidity models
Fund Snapshot
Portfolio holdings (Data as on February 28, 2021)
Inception Date Instrument % of
Issuer Name Rating
Type Portfolio
16th January 2019
Clearing Corporation of India Ltd TREPS* 31.04%
Benchmark Government of India 364 Days Tbill SOVEREIGN 68.51%
CRISIL Liquid Fund Index Cash & Cash Equivalents 0.45%
Fund Manager Total 100.00%
*TREPS : Tri-party repo dealing system
Mr. Piyush Baranwal (managing since inception)
Total Experience 12 Years Rating Prole (% To Nav) Sectoral Allocation
AUM 0.45%
Cash & Cash
Monthly Average AUM ` 53.42 Crs. 31.04% Equivalents*
SOV
Month End AUM ` 65.27 Crs. 31.49%
TREPS
Minimum Application & Cash, Cash
Additional Purchase Amount Equivalents &
Growth Option: ` 500 and in multiples of ` 1/- thereafter. Net Current Assets
All other Options: ` 2,000 and in multiples of ` 1/ Sovereign
thereafter. (w.e.f. from October 19, 2020) 68.51% 68.51%
Expense Ratio$
Note : *TREPS/Reverse Repo/Net Current Assets
Regular Plan : 0.26 Instrument Allocation
Direct Plan : 0.18
$
Total Expense Ratio - As on last day of the month & includes additional expenses provided
in Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods
120.00%
and Service Tax on Management Fees. For more details please refer the link 100.00%
https://www.yesamc.in/regulatory-disclosures/total-expense-ratio-of-mutual-funds-
68.51%
schemes 80.00%
60.00%
NAV 31.49%
40.00%
Regular Plan Direct Plan
20.00%
Growth ` 1107.4174 Growth ` 1109.2778
Daily Div. ` 1000.9393 Daily Div. ` 1000.9370 0.00%
T Bills Cash, Cash Equivalents &
Weekly Div. ` 1001.7026 Weekly Div. ` 1001.6967 Net Current Assets
Fortnightly Div. ` 1003.7948 Fortnightly Div. ` 1001.7899
Monthly Div. ` 1002.4376 Monthly Div. ` 1001.9484
This product is suitable for investors who are seeking* :
Debt Quants
Average Maturity : 51 Days • Regular income over short term
Modied Duration : 0.14 Years • Investment in money market and debt instruments
Macaulay Duration : 0.14 Years
Yield to Maturity : 3.17% * Investors should consult their nancial advisers if in doubt
about whether the product is suitable for them.
Load Structure
$
Entry Load#: Not applicable Note for ICRA A1+mfs : Schemes with this rating are considered to have very strong degree of safety regarding timely
receipt of payments from the investments that they have made. This rating should however, not be construed as an
Exit Load: (w.e.f. October 19, 2019) indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a
Investor Day 7 recommendation to buy, sell or hold units issued by the Mutual Fund.
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
exit upon onwards
subscription*
Exit Load as a %
of redemption 0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000%
proceeds
*The revision in exit load will be applicable on all fresh investments in YES Liquid Fund i.e.
units allotted on purchase or switch-ins (including through systematic transactions under
existing enrolments /registration) on or after an effective date.#SEBI vide its circular no.
SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009 has decided that there shall be no
entry Load for all Mutual Fund Schemes.
2YES OVERNIGHT
FUND
An open ended debt scheme investing in overnight securities.
March 2021
Investment Objective
The objective of the scheme is to seek to generate returns commensurate with low risk and providing high level of liquidity, through investments made in overnight
securities having maturity of 1 business day. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Why Invest In Yes Overnight Fund ?
$
• Rated “A1+mfs” by ICRA
• Ideal alternative for Institutional & Retail investors to invest surplus money for short term and earn reasonable returns.
• No Exit Load on redemption of investments.
• No mark to market risk
• Minimal liquidity risk and interest rate risk
• Stringent credit parameters to optimize the risk-return proposition for the investors
• Most liquid of all schemes in the xed income category
Fund Snapshot Portfolio holdings (Data as on February 28, 2021)
Inception Date Instrument % of
Issuer Name Type Portfolio
23rd August 2019 Clearing Corporation of India Ltd TREPS* 99.48%
Cash & Cash Equivalents 0.52%
Benchmark
Total 100.00%
CRISIL Overnight Index
*TREPS : Tri-party repo dealing system
Fund Manager Rating Prole (% To Nav) Sectoral Allocation
Mr. Piyush Baranwal (managing since inception)
0.52%
Total Experience: 12 Years Cash & Cash
Equivalents*
100.00%
AUM TREPS
Cash, Cash
Monthly Average AUM ` 37.03 Crs. Equivalents & Net
Month End AUM ` 47.71 Crs. Current Assets
Minimum Application &
Additional Purchase Amount 99.48%
Growth Option: ` 500 and in multiples of ` 1/- thereafter.
All other Options: ` 2,000 and in multiples of ` 1/ Note : *TREPS/Reverse Repo/Net Current Assets
thereafter. (w.e.f. from October 19, 2020)
Instrument Allocation
$
Expense Ratio
120.00%
Regular Plan : 0.19 100.00% 99.48%
Direct Plan : 0.13 80.00%
$
Total Expense Ratio - As on last day of the month & includes additional
60.00%
expenses provided in Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual
Funds) Regulations, 1996 and Goods and Service Tax on Management Fees. 40.00%
For more details please refer the link https://www.yesamc.in/regulatory- 20.00%
disclosures/total-expense-ratio-of-mutual-funds-schemes 0.52%
0.00%
TREPS Cash, Cash Equivalents &
NAV Net Current Assets
Regular Plan Direct Plan
Growth ` 1055.4110 Growth ` 1056.3637
Weekly Div. ` 1001.4885 Daily Div. ` 1000.3766 This product is suitable for investors who are seeking* :
Fortnightly Div. ` Weekly Div. ` 1000.7670
Fortnightly Div. ` 1002.3321 • Reasonable returns commensurate with low risk and
Monthly Div. ` 1001.6205 convenience of liquidity over short term.
• Investment in debt and money market instruments
Debt Quants having maturity of upto 1 business day.
* Investors should consult their nancial advisers if in doubt
Average Maturity : 1 Day about whether the product is suitable for them.
Modied Duration : 0.00 Years
$
Note for ICRA A1+mfs : Schemes with this rating are considered to have very strong degree of safety regarding timely
Macaulay Duration : 0.00 Years
receipt of payments from the investments that they have made. This rating should however, not be construed as an
Yield to Maturity : 3.20% indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a
recommendation to buy, sell or hold units issued by the Mutual Fund.
Load Structure
Entry Load#: Not applicable
Exit Load: Nil
#
SEBI vide its circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30,
2009 has decided that there shall be no entry Load for all Mutual Fund
Schemes.
3YES ULTRA SHORT
TERM FUND
An open ended ultra-short term debt scheme investing in debt and money
market instruments such that the Macaulay duration^ of the portfolio is
between 3 - 6 months. March 2021
Investment Objective
The investment objective of the scheme is to generate reasonable income with low volatility through investment in a portfolio comprising of debt & money market
instruments. However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.
Why Invest In Yes Ultra Short Term Fund ?
• Rated “A1+mfs”$ by ICRA
• The fund aims to generate reasonable returns over other traditional alternatives in short term.
• The portfolio endeavors to maintain a Macaulay duration of 3-6 months with low volatility.
• Ideal for Institutional & Retail investors to invest their surplus money for short term
• No Exit Load on redemption of your investments
• The fund endeavors to Maintain high credit quality portfolio by analyzing the fundamental credit strength and secondary market liquidity of issuers using
in-house credit and liquidity models
Fund Snapshot Portfolio holdings (Data as on February 26, 2021
Inception Date Instrument Rating % of
Issuer Name Type Portfolio
06th June 2019 Clearing Corporation of India Ltd TREPS* 11.05%
Government of India 182 Days Tbill Sovereign 88.91%
Benchmark
Cash & Cash Equivalents 0.04%
CRISIL Ultra Short Term Debt Index
Total 100.00%
Fund Manager *TREPS : Tri-party repo dealing system
Rating Prole (% To Nav) Sectoral Allocation
Mr. Piyush Baranwal (managing since inception)
Total Experience 12 Years 0.04% Cash & Cash
11.05%
Equivalents*
AUM 11.09%
SOV
Monthly Average AUM ` 43.65 Crs. TREPS
Month End AUM ` 60.87 Crs. Cash, Cash
Equivalents &
Minimum Application & Net Current Assets
Additional Purchase Amount
Growth Option: ` 500 and in multiples of ` 1/- thereafter. 88.91% SOV
88.91%
All other Options: ` 2,000 and in multiples of ` 1/
thereafter. (w.e.f. from October 19, 2020) Note : *TREPS/Reverse Repo/Net Current Assets
Instrument Allocation
Expense Ratio$
120.00%
Regular Plan : 0.82 100.00% 88.91%
Direct Plan : 0.32 80.00%
$
Total Expense Ratio - As on last day of the month & includes additional
60.00%
expenses provided in Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual
Funds) Regulations, 1996 and Goods and Service Tax on Management Fees. 40.00%
For more details please refer the link https://www.yesamc.in/regulatory- 11.09%
20.00%
disclosures/total-expense-ratio-of-mutual-funds-schemes
0.00%
Cash, Cash Equivalents &
NAV T Bills
Net Current Assets
Regular Plan Direct Plan
Growth ` 1082.5720 Growth ` 1092.5519
Daily Div. ` 1001.4436 Daily Div. ` 1001.4496 This product is suitable for investors who are seeking* :
Weekly Div. ` - Weekly Div. ` 1001.8256
Fortnightly Div. ` 1002.2082 Fortnightly Div. ` 1002.4153 • Regular income over short term
Monthly Div. ` 1002.3666 Monthly Div. ` 1002.5573
• Investment in debt and money market instruments
such that the Macaulay duration of the portfolio is
between 3 - 6 months
Debt Quants
* Investors should consult their nancial advisers if in doubt
Average Maturity : 153 Days about whether the product is suitable for them.
Modied Duration : 0.41 Years $
Note for ICRA A1+mfs : Schemes with this rating are considered to have very strong degree of safety regarding timely
Macaulay Duration : 0. 42 Years receipt of payments from the investments that they have made. This rating should however, not be construed as an
Yield to Maturity : 3.41% indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a
recommendation to buy, sell or hold units issued by the Mutual Fund.
Load Structure ^
Please refer to the page number 2 of the Scheme Information Document on which the concept of Macaulay's Duration has
been explained
#
Entry Load : Not applicable
Exit Load: NIL
#
SEBI vide its circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30,
2009 has decided that there shall be no entry Load for all Mutual Fund
Schemes.
4Fund Performance
March 2021
YES Liquid Fund - Managed by Mr. Piyush Baranwal (Data as on 28th February 2021)
Simple Annualised CAGR Returns (%) Value of Investment
Period Returns (%) NAV/Index value
of Rs. 10,000*
(as on Feb 28,2021)
7 Days 15 Days 30 Days 1 Year Since Inception 1 Year Since Inception
Regular Plan - Growth Option 2.98 3.27 3.08 3.25 4.93 10,326 11,074 1,107.42
Direct Plan - Growth Option 3.06 3.35 3.16 3.33 5.01 10,334 11,093 1,109.28
CRISIL Liquid Fund Index^ 3.48 3.71 3.79 4.27 5.51 10,428 11,205 3,409.26
CRISIL 1 Year T-Bill^^ 4.89 5.81 4.47 5.46 6.39 10,548 11,403 6,079.84
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 16th January 2019. Past performance may or may not be
sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000
invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the
scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on
standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Piyush Baranwal is managing the scheme since inception. In case, the start / end date of the
concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns.
YES Overnight Fund - Managed by Mr. Piyush Baranwal (Data as on 28th February 2021)
Simple Annualised CAGR Returns (%) Value of Investment
Period Returns (%) NAV/Index value
of Rs. 10,000*
(as on Feb 28,2021)
7 Days 15 Days 30 Days 1 Year Since Inception 1 Year Since Inception
Regular Plan - Growth Option 2.75 2.55 2.74 2.89 3.61 10,290 10,554 1,055.41
Direct Plan - Growth Option 2.84 2.63 2.82 2.96 3.67 10,296 10,564 1,056.36
CRISIL Overnight Index^ 3.04 2.84 3.01 3.12 3.77 10,313 10,579 2,772.12
CRISIL 1 Year T-Bill^^ 4.89 5.81 4.47 5.46 5.73 10,548 10,884 6,079.84
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23rd August 2019. Past performance may or may not be
sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000
invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the
scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on
standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Piyush Baranwal is managing the scheme since inception. In case, the start / end date of the
concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns.
YES Ultra Short Term Fund - Managed by Mr. Piyush Baranwal (Data as on 26th February 2021)
CAGR Returns (%) Value of Investment
Period NAV/Index value
of Rs. 10,000*
(as on Feb 26 ,2021)
1 Year 3 Years 5 Years Since Inception 1 Year Since Inception
Regular Plan - Growth Option 3.93 - - 4.70 10,392 10,826 1,082.57
Direct Plan - Growth Option 4.45 - - 5.25 10,444 10,926 1,092.55
CRISIL Ultra Short Term Debt Index^ 5.59 - - 6.30 10,557 11,113 6,266.80
CRISIL 1 Year T-Bill^^ 5.47 - - 5.94 10,546 11,049 6,078.67
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 06th June 2019. Past performance may or may not be
sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000
invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the
scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on
standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Piyush Baranwal is managing the scheme since inception. In case, the start / end date of the
concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns.
5Dividend History
March 2021
YES Liquid Fund - Monthly Option
Retail Investors Other Investors
Dividend Dividend
Record Face NAV ( ` ) Record Face NAV ( ` )
per Unit ( ` ) per Unit ( ` )
Date Value ( ` ) Regular Direct Regular Direct
Date Value ( ` ) Regular Direct Regular Direct
16 - Feb -2 1 1000 1001.403 1000.887 2.451 2.509 16-Feb-2 1 1000 1001.403 1000.887 2.451 2.509
17 - Jan -2 1 1000 1001.403 1000.887 2.48 2 2.549 17 - Jan -2 1 1000 1001.403 1000.887 2.48 2 2.549
16-Dec-20 1000 1001.403 1000.887 1.921 1.983 16-Dec-20 1000 1001.403 1000.887 1.921 1.983
1 7 - Nov -20 1000 1004.108 1003.656 2.884 2.951 1 7 - Nov -20 1000 1004.108 1003.656 2.884 2.951
YES Overnight Fund - Monthly Option
Retail Investors Other Investors
Dividend Dividend
Record Face NAV ( ` ) Record Face NAV ( ` )
per Unit ( ` ) per Unit ( ` )
Date Value ( ` ) Direct Direct
Date Value ( ` ) Direct Direct
1 6 - Feb -2 1 1000 1000.706 2.402 1 6 - Feb -2 1 1000 1000.706 2.402
1 7 - Jan -2 1 1000 1000.603 2. 558 1 7 - Jan -2 1 1000 1000.603 2. 558
16-Dec-20 1000 1000.548 2.000 16-Dec-20 1000 1000.548 2.000
1 7 - Nov -20 1000 1002.828 2.445 1 7 - Nov -20 1000 1002.828 2.445
YES Ultra Short Term Fund - Monthly Option
Retail Investors Other Investors
Dividend Dividend
Record Face NAV ( ` ) Record Face NAV ( ` )
per Unit ( ` ) per Unit ( ` )
Date Value ( ` ) Regular Direct Regular Direct
Date Value ( ` ) Regular Direct Regular Direct
1 6 - Feb -2 1 1000 1001.443 1001.496 8.748 9.156 1 6 - Feb -2 1 1000 1001.443 1001.496 8.748 9.156
18 - Jan -2 1 1000 1001.443 1001.496 2.307 2. 762 18 - Jan -2 1 1000 1001.443 1001.496 2.307 2. 762
16-Dec-20 1000 1001.443 1001.496 1.633 2.018 16-Dec-20 1000 1001.443 1001.496 1.633 2.018
17 - Nov -20 1000 1003.709 1004.197 2.315 2.764 17 - Nov -20 1000 1003.709 1004.197 2.315 2.764
Disclaimer: Pursuant to payment of dividend, the NAV of the Dividend Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past
performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of dividends, visit
www.yesamc.in
6The information herein above is meant only for general reading purposes and therefore cannot be
considered as guidelines, recommendations or as a professional guide for the readers. Before making
any investments, the readers are advised to seek independent professional advice, verify the contents
in order to arrive at an informed investment decision. None of the Sponsor, the Investment Manager,
the Trustee, their respective directors, employees, afliates or representatives shall be liable in any
way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages,
including on account of lost prots arising from the information contained in this material.
Statutory Details: YES Mutual Fund has been established as a Trust under the Indian Trusts Act,
1882, sponsored by YES BANK Ltd. (liability restricted to Rs. 1 Lakh). Trustee: YES Trustee Ltd.
Investment Manager: YES Asset Management (India) Ltd.
Registered Ofce Address:
YES Asset Management (India) Limited (Investment Manager to YES Mutual Fund)
602 B, 6th Floor, ONE International Center 1 & 2, Senapati Bapat
Marg, Elphinstone Road (West), Mumbai 400 013.
CIN – U65990MH2017PLC294178You can also read
