Yes Securities Mutual Fund Review


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YES ASSET Management (India) Limited, a fully owned subsidiary of YES BANK. Yes Mutual Fund offers three types of in-house funds which are Yes Overnight Fund, Yes Liquid Fund, and Yes Ultra Short Term Fund.

Yes Bank is a distributor for 16 AMCs and offers online mutual fund investment through a dedicated platform called MFONLINE (Mutual Funds Online).

Key Features of Yes Bank Mutual Fund:

  • Offers mutual fund schemes from in-house and other fund houses
  • Provides online mutual fund investment facility
  • Purchase, switch, or sell mutual funds easily
  • Update mutual fund portfolio with multiple investment combinations
  • DigiSIP to start SIP in just 7 days
  • Facility to schedule your future transactions
  • Track the schemes with myWatchList 
  • Save your favorite transactions in myFavourites
  • All the folio with the registered email id can be accessed through the platform

Yes Bank Mutual Fund Online Charges

Yes Bank Mutual Fund Charges

Karvy Account Opening Charges

Nil

Karvy Mutual Fund AMC Fees

 

Karvy Mutual Fund Brokerage Charges

Nil

Karvy Mutual Fund Commission

Charges commission 1% to 1.5% for regular mutual funds

Karvy Mutual Fund DP Charges

 

Other Charges

 

Yes Bank Mutual Fund Account Opening Process

Yes Bank offers mutual fund investment facilities through myCAMS website. It brings digital convenience for mutual fund investments. You can invest in different mutual fund schemes across 16 fund houses, open a new folio and start SIP investment in 7 days through digiSIP. MyCAMS is available as a website and mobile app.

Investors have to first register with camsonline.com to create a folio. You can register through both the mobile app and website under the new registration option. After successfully registering on myCAMS online, you will get a mail containing login credentials to start investing. To open an account visit Yes AMC and register as a new investor on the website.

Yes Bank Mutual Fund SIP

Yes Mutual Fund offers mutual fund investment through SIP. SIP is the way to invest in a mutual fund scheme in a disciplined manner to achieve your financial goal over a chosen time horizon. The company offers DigiSIP in myCAMS platform for SIP investments. Here are the steps to start Yes Mutual Fund SIP:

  • Login myCAMS website or mobile app
  • Click on digiSIP icon on the left-hand sidebar
  • Select PAN and mutual fund
  • Select scheme, frequency, installment, time horizon, start & end date
  • Choose the investment amount
  • Choose the mobile number, bank name, and mode of payment
  • Complete OTP authentication through your mobile number
  • Transaction will be initiated and SMS or Email will be sent
  • Note the SRN (Systematic Registration Number) from the display screen
  • Register for bill pay section in the net banking account and enter the SRN to activate the SIP

Yes Bank Mutual Fund Investment Platforms

Yes Mutual Fund offers both websites and mobile app as mutual fund investment platforms-

myCAMS Web

Yes Asset Management Company offers investment through myCAMS website. You can log in with the id and password to access this free to use mutual fund investment platform.

Key Features of myCAMS Web:

  • A digital platform to access mutual fund investments
  • Invest across 16 fund houses
  • Start SIP investment in 7 days
  • Transact, purchase, switch or redeem the mutual fund units any time
  • Schedule for future transactions
  • Invest in SIP through digiSIP feature

How to login myCAMS web

  • Visit Yes Mutual Fund official website or yesamc.com
  • Click on "Online Transaction" tab available in the main menu bar
  • Accept the terms & conditions, a new page will open
  • Enter login credentials or click on new user
  • Access Yes Bank mutual fund investment platform

myCAMS Mobile App

Yes MF also offers a mobile app to facilitate mutual fund investments from anywhere and anytime. The app is available for both Android and iPhone users.

Key Features of myCAMS Mobile App:

  • A single gateway for investing across multiple mutual funds
  • Perform additional purchase, switch and redeem action quickly
  • Keep track of SIP, STP, or SWP
  • Save your favourite transactions in myFavourites feature
  • Track selected mutual fund by creating a watchlist
  • Schedule your mutual fund transaction for future
  • Two - authentication to ensure security
  • Track and manage your portfolio easily

Download Yes Bank Mutual Fund App:

  • Visit Google Play or App Store
  • Type 'myCAMS mutual fund app' in the search bar
  • Access the app icon
  • Click on the install button to start downloading
  • Login the app with the credentials and enjoy free investment platform

Yes Bank Mutual Fund Customer Care

Y For any mutual fund related queries, you can contact Yes Bank executives at 1800 3000 3060. Yes Bank also has a wide offline branch network. You can also visit any branch for mutual fund related queries. For general inquiries, you can mail at clientservice@yesamc.in.

Yes Bank Mutual Fund Advantages

  • Offers both direct and regular mutual fund
  • Provides web and mobile-based dedicated Yes mutual fund investment platform
  • Yes Mutual Fund offers free investment platforms
  • Doesn't charge brokerage and MF account opening fee

Yes Bank Mutual Fund Disadvantages

  • Offers direct mutual fund from Yes AMC only
  • Charges commission for regular mutual fund

Conclusion

If you are planning to invest in any scheme of Yes mutual fund, it is better to invest it from Yes AMC directly rather than invest through Yes Securities. With Yes AMC, along with Yes direct mutual funds, you can also invest in other mutual funds offered by other fund houses. However, you have to pay commissions for investing in regular mutual funds of other fund houses.

Frequently Asked Questions

  1. 1. Is Yes Mutual Fund safe?

    Mutual Fund investment with Yes Bank is completely safe. You can open your savings bank account with the bank and allow debit from your account. Yes Bank offers in-house and mutual funds from other fund houses. For other mutual funds, Yes AMC works as a distributor. In terms of security, it is always better to match your risk-appetite, time horizon, investment amount and expected returns with the scheme.

     

  2. 2. How can I invest in Yes Bank Mutual Fund?

    Yes Mutual Fund provides mutual fund investment facilities for investors. You can purchase, redeem, switch and initiate SIP through Yes Mutual Fund investment platforms. To invest in Yes mutual fund, you can visit myCAMS web or mobile app with login id and password and start investing.

     

  3. 3. How Yes mutual funds earn from mutual fund investment?

    Yes Mutual Fund offers both direct and regular schemes. Direct mutual funds are in-house mutual funds and the AMC earns directly from investors. When it comes to a regular mutual fund, investors pay commission to fund houses and the fund house transfers it to Yes AMC. So, Yes Mutual Fund earns both direct and indirect income through mutual fund investments.

     

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Information on this page was last updated on Saturday, June 6, 2020


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