What are money Market funds?
These are special type of mutual funds which are generally used as temporary parking places(for short durations) for their money when investors are thinking upon the options of investments, or are switching between different investment options and need temporary places which can not only store the money but also provide a return.
To start learning about them from scratch refer here.
These are special type of mutual funds which are generally used as temporary parking places(for short durations) for their money when investors are thinking upon the options of investments, or are switching between different investment options and need temporary places which can not only store the money but also provide a return.
- Invest in extremely short timed and highly rated investment options (which generally mature in less than 13 months)
- Investment is highly liquid in the sense that you can pull out your money whenever you want to just like in a savings bank account.
- Returns are
- greater than Savings Account.
- lesser than Fixed Deposits.
- invest in assets like certificates of deposits, government securities, commercial paper of companies, Euro-dollar deposits and other low-risk, highly-liquid securities.
To start learning about them from scratch refer here.
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