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A money Market fund (MMF) is a type of fixed Income mutual fund that invests in debt securities. But, before we start with money market funds, it's important to understand what is a fixed income instrument? Well, as the name denotes, a fixed income instrument is something that generates a specified amount of income over a certain period. The investor is given a fixed claim on the assets held by the issuer, fixed income instruments are considered low-risk and low-yield investments.
Essentially, fixed income instruments are nothing, but a way of borrowing funds (where the borrowing is done by the issuer).
Well for starters fixed income gives economic rights to the holder, which includes the right to receive interest payments and the return of all or part of Capital invested at a given date. In contrast, the shareholder (stock owner) receives dividends from the issuer, but the company is not bound by any law to pay dividends. Also, another important difference is that the fixed income holder is a creditor of the company that issues the security, while a shareholder is a partner, owning a part of the capital stock. Here it’s important to understand that if the company goes bust, the creditors (bondholders) have priority over shareholders (equity holders).
There are different fixed income instruments that fall under money market instruments, to name some of them:
Time deposits like term deposits are commonly offered to consumers by banks (scheduled commercial banks) & all India financial institutions. The difference between this and a term deposit in a Bank is that CDs can’t be withdrawn.
Commercial papers are usually known as promissory notes which are unsecured and are generally issued by companies and financial institutions, at a discounted rate from their Face Value. The fixed maturity for commercial papers is 1 to 270 days. The purposes for which they are issued are - for inventory financing, accounts Receivables, and settling short-term liabilities or loans.
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Treasury bills were first issued by the Indian government in 1917. Treasury bills are short-term financial instruments that are issued by the Central Bank of the country. It is one of the safest money market instruments as it is void of market risks (since the risk is sovereign or in this case the Government of India), though the return on investments is not that huge. Treasury bills are circulated by the primary as well as the secondary markets. The maturity periods for treasury bills are respectively 3-month, 6-month, and 1-year.
There are lots of other fixed income instruments such as repurchase agreements (repos), asset-backed securities etc., that also exist in the Indian fixed income market, but the above are the more common ones.
Bonds have a maturity period of more than one year which differentiates it from other debt securities like commercial papers, treasury bills and other money market instruments which typically have a maturity period of less than one year.
Money market generally refers to a section of the financial market where financial instruments with smaller maturities (less than a year) and high liquidity are traded. India has a very active money market, where a host of instruments are traded. Here you have Mutual Fund companies, government banks and various other large domestic institutions participating. The money market has become a component of the financial market for buying and selling of securities of short-term duration, such as commercial papers and treasury bills.
The money market rates are the interest rates offered by short-term money market instruments. These instruments have a maturity ranging from 1 day to one year. The money market rates vary over many complex instruments such as treasury bills, Call money, Commercial Paper (CP), certificates of deposits (CDs), repos, etc. The Reserve Bank of India (RBI) is largely the governing authority over the money markets.
An example of the money market rates of various instruments as given on the RBI site as of 28th Feb 2017 is below for reference.
Volume (One Leg) | Weighted Average Rate | Range | |
---|---|---|---|
A. Overnight Segment (I+II+III+IV) | 4,00,659.36 | 3.25 | 0.01-5.30 |
I. Call Money | 12,671.70 | 3.23 | 1.90-3.50 |
II. Triparty Repo | 2,79,349.70 | 3.26 | 2.00-3.45 |
III. Market Repo | 1,07,582.96 | 3.25 | 0.01-3.50 |
IV. Repo in Corporate Bond | 1,055.00 | 3.56 | 3.40-5.30 |
B. Term Segment | |||
I. Notice Money** | 45.00 | 2.97 | 2.65-3.50 |
II. Term Money@@ | 311.00 | - | 3.15-3.45 |
III. Triparty Repo | 1,493.00 | 3.30 | 3.30-3.35 |
IV. Market Repo | 5,969.10 | 3.37 | 0.01-3.60 |
V. Repo in Corporate Bond | 0.00 | - | - |
Source: Money Market Operations, RBI Date- Date: 30 Mar 2021
As we have learnt about various types of instruments above, it’s equally important to know how an investor could invest in money market funds. There are 44 AMCs (Asset Managment Companies) in India, most of them Offering money market funds (mainly Liquid Funds and ultra-short funds for investors). Investors can also invest via distributors like banks and brokers. Investing in money market funds requires one to follow the respective procedure and the relevant applications. The terms & conditions of debt mutual funds may vary, therefore, it’s important to get an overall knowledge and then choose the one that meets your needs. Moreover, before investing into any money market mutual funds carefully consider its investment objectives, risks, returns, and expenses.
Here are some important aspects that you must consider before investing in money market funds in India:
Money Market Funds are Debt fund and hence carry all the risks applicable to debt funds like interest rate risk and credit risk. Additionally, the fund manager might invest in instruments with a slightly higher risk component to increase returns. Usually, money market funds tend to offer better returns than a regular Savings Account. The Net Asset Value or NAV of these funds changes with a change in the interest rate regime.
Since the returns are not very high, the expense ratio plays an important role in determining your Earnings from a money market fund. Expense Ratio is a small percentage of the total assets of the fund charged by the fund house towards fund management services.
Ideally, you should look for funds with a lower expense ratio to maximize your returns.
Usually, money market funds are recommended to investors with an investment horizon of 90-365 days. These schemes can help you diversify your portfolio and help invest surplus cash while maintaining liquidity. Ensure that you invest according to your Investment plan.
In the case of Money Market Funds, the taxation rules are as follows:
If you hold the units of the scheme for a period of up to three years, then the Capital Gains earned by you are called short-term capital gains or STCG. STCG is added to your Taxable Income and taxed as per the applicable income tax slab.
If you hold the units of the scheme for more than three years, then the capital gains earned by you are called long-term capital gains or LTCG. It is taxed at 20% with indexation benefits.
Some of the best money market funds in India are as follows-
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2021 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Nippon India Money Market Fund Growth ₹3,329.23
↑ 0.36 ₹8,112 0.8 1.8 3.7 5.3 3.8 4.44% 5M 6D 5M 13D UTI Money Market Fund Growth ₹2,472.6
↑ 0.33 ₹8,340 0.7 1.7 3.6 5.3 3.7 4.59% 6M 14D 6M 15D Kotak Money Market Scheme Growth ₹3,608.85
↑ 0.43 ₹12,178 0.7 1.7 3.6 5.1 3.7 4.61% 5M 23D 5M 23D Aditya Birla Sun Life Money Manager Fund Growth ₹296.653
↑ 0.03 ₹15,982 0.6 1.6 3.6 5.5 3.8 4.52% 5M 8D 5M 12D Tata Money Market Fund Growth ₹3,790.06
↑ 0.38 ₹7,105 0.6 1.6 3.5 5.4 3.9 4.56% 6M 21D 6M 22D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 May 22
(Erstwhile Reliance Liquidity Fund) The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. Nippon India Money Market Fund is a Debt - Money Market fund was launched on 16 Jun 05. It is a fund with Low risk and has given a Below is the key information for Nippon India Money Market Fund Returns up to 1 year are on To provide highest possible current income consistent with preservation of capital and providing liquidity from investing in a diversified portfolio of short term money market securities. UTI Money Market Fund is a Debt - Money Market fund was launched on 13 Jul 09. It is a fund with Low risk and has given a Below is the key information for UTI Money Market Fund Returns up to 1 year are on (Erstwhile Kotak Floater Short Term Fund) To reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities, money market instruments and using appropriate derivatives. Kotak Money Market Scheme is a Debt - Money Market fund was launched on 14 Jul 03. It is a fund with Low risk and has given a Below is the key information for Kotak Money Market Scheme Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Floating Rate Fund - Short Term) The primary objective of the schemes is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments. The schemes may invest a portion of its net assets in fixed rate debt securities and money market instruments. Aditya Birla Sun Life Money Manager Fund is a Debt - Money Market fund was launched on 13 Oct 05. It is a fund with Low risk and has given a Below is the key information for Aditya Birla Sun Life Money Manager Fund Returns up to 1 year are on (Erstwhile Tata Liquid Fund) To create a highly liquid portfolio of good quality debt as well as money market instruments so as to provide reasonable returns and high liquidity to the unitholders. Tata Money Market Fund is a Debt - Money Market fund was launched on 22 May 03. It is a fund with Low risk and has given a Below is the key information for Tata Money Market Fund Returns up to 1 year are on 1. Nippon India Money Market Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 27 in Money Market
category. Return for 2021 was 3.8% , 2020 was 6% and 2019 was 8.1% . Nippon India Money Market Fund
Growth Launch Date 16 Jun 05 NAV (18 May 22) ₹3,329.23 ↑ 0.36 (0.01 %) Net Assets (Cr) ₹8,112 on 31 Mar 22 Category Debt - Money Market AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk Low Expense Ratio 0.25 Sharpe Ratio 1.93 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 4.44% Effective Maturity 5 Months 13 Days Modified Duration 5 Months 6 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹10,675 30 Apr 19 ₹11,559 30 Apr 20 ₹12,434 30 Apr 21 ₹13,065 30 Apr 22 ₹13,573 Returns for Nippon India Money Market Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 18 May 22 Duration Returns 1 Month 0.1% 3 Month 0.8% 6 Month 1.8% 1 Year 3.7% 3 Year 5.3% 5 Year 6.2% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.8% 2020 6% 2019 8.1% 2018 7.9% 2017 6.6% 2016 7.6% 2015 8.3% 2014 9.1% 2013 9.2% 2012 9.6% Fund Manager information for Nippon India Money Market Fund
Name Since Tenure Anju Chhajer 1 Feb 20 2.24 Yr. Kinjal Desai 16 Jul 18 3.79 Yr. Data below for Nippon India Money Market Fund as on 31 Mar 22
Asset Allocation
Asset Class Value Cash 76.55% Debt 23.45% Debt Sector Allocation
Sector Value Cash Equivalent 48.43% Government 25.92% Corporate 25.65% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 15092022
Sovereign Bonds | -5% ₹571 Cr 58,000,000 182 Dtb 04082022
Sovereign Bonds | -2% ₹267 Cr 27,000,000 India (Republic of)
Sovereign Bonds | -2% ₹248 Cr 25,000,000 182 Dtb 08092022
Sovereign Bonds | -2% ₹246 Cr 25,000,000 91 Dtb 13072022
Sovereign Bonds | -2% ₹198 Cr 20,000,000 HDFC Bank Ltd
Debentures | -2% ₹195 Cr 4,000
↑ 4,000 07.10 OD Sdl 2022
Sovereign Bonds | -2% ₹186 Cr 18,500,000
↑ 10,000,000 08.86 PN Sdl 2022
Sovereign Bonds | -2% ₹178 Cr 17,500,000 182 Dtb 11082022
Sovereign Bonds | -2% ₹173 Cr 17,500,000
↑ 12,500,000 08.97 BR Sdl 2022
Sovereign Bonds | -1% ₹123 Cr 12,000,000 2. UTI Money Market Fund
CAGR/Annualized
return of 7.3% since its launch. Ranked 23 in Money Market
category. Return for 2021 was 3.7% , 2020 was 6% and 2019 was 8% . UTI Money Market Fund
Growth Launch Date 13 Jul 09 NAV (18 May 22) ₹2,472.6 ↑ 0.33 (0.01 %) Net Assets (Cr) ₹8,340 on 31 Mar 22 Category Debt - Money Market AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.27 Sharpe Ratio 1.92 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 4.59% Effective Maturity 6 Months 15 Days Modified Duration 6 Months 14 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹10,679 30 Apr 19 ₹11,549 30 Apr 20 ₹12,395 30 Apr 21 ₹13,044 30 Apr 22 ₹13,547 Returns for UTI Money Market Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 18 May 22 Duration Returns 1 Month 0.1% 3 Month 0.7% 6 Month 1.7% 1 Year 3.6% 3 Year 5.3% 5 Year 6.2% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.7% 2020 6% 2019 8% 2018 7.8% 2017 6.7% 2016 7.7% 2015 8.4% 2014 9.1% 2013 9.2% 2012 9.7% Fund Manager information for UTI Money Market Fund
Name Since Tenure Anurag Mittal 1 Dec 21 0.41 Yr. Amit Sharma 7 Jul 17 4.82 Yr. Data below for UTI Money Market Fund as on 31 Mar 22
Asset Allocation
Asset Class Value Cash 70.38% Debt 29.62% Debt Sector Allocation
Sector Value Cash Equivalent 48.48% Government 30.53% Corporate 20.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 29092022
Sovereign Bonds | -7% ₹686 Cr 7,000,000,000 182 Dtb 04082022
Sovereign Bonds | -6% ₹602 Cr 6,100,000,000
↑ 5,000,000,000 182 Dtb 08092022
Sovereign Bonds | -6% ₹541 Cr 5,500,000,000
↑ 3,000,000,000 182 Dtb 01092022
Sovereign Bonds | -5% ₹467 Cr 4,747,430,000
↑ 4,000,000,000 182 Dtb 22092022
Sovereign Bonds | -3% ₹294 Cr 3,000,000,000 182 Dtb 23062022
Sovereign Bonds | -2% ₹223 Cr 2,250,000,000 8.35% Govt Stock 2022
Sovereign Bonds | -1% ₹120 Cr 1,200,000,000 Crompton Greaves Consumer Electricals Ltd.
Debentures | -1% ₹54 Cr 550,000,000 08.90 Tn SDL 2022
Sovereign Bonds | -1% ₹51 Cr 500,000,000 07.02 MH Sdl 2022
Sovereign Bonds | -1% ₹51 Cr 500,000,000 3. Kotak Money Market Scheme
CAGR/Annualized
return of 7% since its launch. Ranked 19 in Money Market
category. Return for 2021 was 3.7% , 2020 was 5.7% and 2019 was 8% . Kotak Money Market Scheme
Growth Launch Date 14 Jul 03 NAV (18 May 22) ₹3,608.85 ↑ 0.43 (0.01 %) Net Assets (Cr) ₹12,178 on 31 Mar 22 Category Debt - Money Market AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.19 Sharpe Ratio 1.6 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 4.61% Effective Maturity 5 Months 23 Days Modified Duration 5 Months 23 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹10,679 30 Apr 19 ₹11,552 30 Apr 20 ₹12,406 30 Apr 21 ₹12,992 30 Apr 22 ₹13,493 Returns for Kotak Money Market Scheme
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 18 May 22 Duration Returns 1 Month 0.1% 3 Month 0.7% 6 Month 1.7% 1 Year 3.6% 3 Year 5.1% 5 Year 6.1% 10 Year 15 Year Since launch 7% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.7% 2020 5.7% 2019 8% 2018 7.7% 2017 6.7% 2016 7.7% 2015 8.4% 2014 9.1% 2013 9.3% 2012 9.8% Fund Manager information for Kotak Money Market Scheme
Name Since Tenure Deepak Agrawal 11 Jul 07 14.81 Yr. Data below for Kotak Money Market Scheme as on 31 Mar 22
Asset Allocation
Asset Class Value Cash 76.06% Debt 23.94% Debt Sector Allocation
Sector Value Cash Equivalent 47.53% Government 26.38% Corporate 26.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 15092022
Sovereign Bonds | -9% ₹1,321 Cr 134,166,660
↑ 67,500,000 182 Dtb 08092022
Sovereign Bonds | -5% ₹769 Cr 78,000,000 8.08% Govt Stock 2022
Sovereign Bonds | -4% ₹591 Cr 58,500,100 182 Dtb 22092022
Sovereign Bonds | -1% ₹220 Cr 22,365,200 182 Dtb 25082022
Sovereign Bonds | -1% ₹197 Cr 20,000,000 LIC Housing Finance
Debentures | -1% ₹196 Cr 4,000
↑ 4,000 182 Dtb 01092022
Sovereign Bonds | -1% ₹99 Cr 10,000,000 08.92 PN Sdl 2022aug
Sovereign Bonds | -1% ₹91 Cr 9,000,000 Crompton Greaves Consumer Electricals Ltd.
Debentures | -1% ₹79 Cr 1,600 182 Dtb 04082022
Sovereign Bonds | -0% ₹74 Cr 7,500,000
↑ 7,500,000 4. Aditya Birla Sun Life Money Manager Fund
CAGR/Annualized
return of 6.8% since its launch. Ranked 7 in Money Market
category. Return for 2021 was 3.8% , 2020 was 6.6% and 2019 was 8% . Aditya Birla Sun Life Money Manager Fund
Growth Launch Date 13 Oct 05 NAV (18 May 22) ₹296.653 ↑ 0.03 (0.01 %) Net Assets (Cr) ₹15,982 on 31 Mar 22 Category Debt - Money Market AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Low Expense Ratio 0.33 Sharpe Ratio 2.18 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load NIL Yield to Maturity 4.52% Effective Maturity 5 Months 12 Days Modified Duration 5 Months 8 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹10,686 30 Apr 19 ₹11,569 30 Apr 20 ₹12,461 30 Apr 21 ₹13,159 30 Apr 22 ₹13,671 Returns for Aditya Birla Sun Life Money Manager Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 18 May 22 Duration Returns 1 Month 0% 3 Month 0.6% 6 Month 1.6% 1 Year 3.6% 3 Year 5.5% 5 Year 6.3% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.8% 2020 6.6% 2019 8% 2018 7.9% 2017 6.8% 2016 7.7% 2015 8.4% 2014 9.2% 2013 9.4% 2012 9.8% Fund Manager information for Aditya Birla Sun Life Money Manager Fund
Name Since Tenure Kaustubh Gupta 15 Jul 11 10.8 Yr. Anuj Jain 22 Mar 21 1.11 Yr. Mohit Sharma 1 Apr 17 5.08 Yr. Data below for Aditya Birla Sun Life Money Manager Fund as on 31 Mar 22
Asset Allocation
Asset Class Value Cash 88.4% Debt 11.6% Debt Sector Allocation
Sector Value Corporate 45.89% Cash Equivalent 40.19% Government 13.92% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 8.15% Govt Stock 2022
Sovereign Bonds | -6% ₹929 Cr 92,500,000 8.35% Govt Stock 2022
Sovereign Bonds | -4% ₹592 Cr 59,151,800
↓ -29,500,000 7.37% Govt Stock 2023
Sovereign Bonds | -2% ₹243 Cr 23,800,000
↑ 23,800,000 Indusind Bank Limited
Debentures | -1% ₹220 Cr 4,500
↑ 4,500 Sundaram Home Finance Limited
Debentures | -1% ₹195 Cr 4,000
↑ 4,000 08.90 MH Sdl 2022
Sovereign Bonds | -1% ₹178 Cr 17,500,000 07.57 CG Sdl 2023
Sovereign Bonds | -1% ₹153 Cr 15,000,000 07.02 MH Sdl 2022
Sovereign Bonds | -1% ₹152 Cr 15,000,000 Mahindra & Mahindra Financial Services Limited
Debentures | -1% ₹147 Cr 3,000
↑ 3,000 08.90 Tn SDL 2022
Sovereign Bonds | -1% ₹132 Cr 13,000,000 5. Tata Money Market Fund
CAGR/Annualized
return of 6.7% since its launch. Ranked 30 in Money Market
category. Return for 2021 was 3.9% , 2020 was 6.4% and 2019 was 8.1% . Tata Money Market Fund
Growth Launch Date 22 May 03 NAV (18 May 22) ₹3,790.06 ↑ 0.38 (0.01 %) Net Assets (Cr) ₹7,105 on 31 Mar 22 Category Debt - Money Market AMC Tata Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0.28 Sharpe Ratio 1.81 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 4.56% Effective Maturity 6 Months 22 Days Modified Duration 6 Months 21 Days Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹10,678 30 Apr 19 ₹10,729 30 Apr 20 ₹11,515 30 Apr 21 ₹12,159 30 Apr 22 ₹12,629 Returns for Tata Money Market Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 18 May 22 Duration Returns 1 Month 0% 3 Month 0.6% 6 Month 1.6% 1 Year 3.5% 3 Year 5.4% 5 Year 4.7% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 3.9% 2020 6.4% 2019 8.1% 2018 -0.1% 2017 6.7% 2016 7.6% 2015 8.3% 2014 9% 2013 9.2% 2012 9.7% Fund Manager information for Tata Money Market Fund
Name Since Tenure Amit Somani 16 Oct 13 8.54 Yr. Data below for Tata Money Market Fund as on 31 Mar 22
Asset Allocation
Asset Class Value Cash 78.72% Debt 21.28% Debt Sector Allocation
Sector Value Corporate 37.77% Government 32.26% Cash Equivalent 29.98% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Dtb 25082022
Sovereign Bonds | -4% ₹370 Cr 37,500,000
↓ -10,000,000 182 Dtb 15092022
Sovereign Bonds | -3% ₹320 Cr 32,500,000 6.84% Govt Stock 2022
Sovereign Bonds | -3% ₹253 Cr 25,000,000 06.68 GJ Sdl 2022
Sovereign Bonds | -2% ₹202 Cr 20,000,000 Vedanta Limited
Debentures | -2% ₹195 Cr 4,000
↑ 4,000 182 Dtb 29092022
Sovereign Bonds | -2% ₹192 Cr 19,500,000 India (Republic of)
Sovereign Bonds | -1% ₹99 Cr 10,000,000
↑ 10,000,000 182 Dtb 11082022
Sovereign Bonds | -1% ₹99 Cr 10,000,000 182 Dtb 22092022
Sovereign Bonds | -1% ₹98 Cr 10,000,000 182 Dtb 01092022
Sovereign Bonds | -1% ₹74 Cr 7,500,000
While we have learnt about money market instruments it's also important to know about debt mutual funds, their types, and classifications. Well, debt mutual funds are classified into general broad categories such as Liquid Funds, Ultra short term funds, Short Term Funds, Long Term Income Funds and Gilt Funds.
However, to invest in money market funds, it’s very important to understand the situation of the Economy, the direction of interest rates, and the expected direction of movement of yields in corporate debt as well as government debt when investing.