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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).
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 The difference between this and a term deposit in a Bank is that CDs can’t be withdrawn.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.
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.
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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) | 553,584.29 | 6.64 | 4.60-6.86 |
I. Call Money | 16,300.98 | 6.67 | 4.60-6.85 |
II. Triparty Repo | 376,743.10 | 6.64 | 6.56-6.80 |
III. Market Repo | 160,540.21 | 6.65 | 6.00-6.86 |
IV. Repo in Corporate Bond | 0.00 | - | - |
B. Term Segment | |||
I. Notice Money** | 109.00 | 6.27 | 6.00-6.70 |
II. Term Money@@ | 351.00 | - | 6.40-7.00 |
III. Triparty Repo | 55.00 | 6.60 | 6.60-6.60 |
IV. Market Repo | 1,075.00 | 6.76 | 6.75-6.85 |
V. Repo in Corporate Bond | 0.00 | - | - |
Source: Money Market Operations, RBI Date: 27 Feb 2023
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 (%) 2024 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Franklin India Savings Fund Growth ₹50.1453
↑ 0.08 ₹3,277 2.7 4.5 8.4 7.4 7.7 6.71% 8M 26D 9M 14D UTI Money Market Fund Growth ₹3,081.27
↑ 4.43 ₹17,804 2.7 4.4 8.4 7.5 7.7 6.76% 8M 17D 8M 17D ICICI Prudential Money Market Fund Growth ₹379.266
↑ 0.58 ₹28,644 2.7 4.4 8.3 7.5 7.7 6.74% 8M 12D 8M 30D Nippon India Money Market Fund Growth ₹4,148.01
↑ 6.33 ₹17,772 2.7 4.4 8.3 7.5 7.8 6.84% 8M 16D 9M 3D Tata Money Market Fund Growth ₹4,718.13
↑ 6.84 ₹30,065 2.7 4.4 8.3 7.5 7.7 6.81% 8M 25D 8M 26D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Jun 25
(Erstwhile Franklin India Savings Plus Fund Retail Option) Aims to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns, and also fixed rate instruments and money market instruments. Franklin India Savings Fund is a Debt - Money Market fund was launched on 11 Feb 02. It is a fund with Moderately Low risk and has given a Below is the key information for Franklin India Savings 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 The objective of the Plan will be to seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in money market and debt securities. ICICI Prudential Money Market Fund is a Debt - Money Market fund was launched on 9 Mar 06. It is a fund with Low risk and has given a Below is the key information for ICICI Prudential Money Market Fund Returns up to 1 year are on (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 (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. Franklin India Savings Fund
CAGR/Annualized
return of 7.2% since its launch. Ranked 47 in Money Market
category. Return for 2024 was 7.7% , 2023 was 7.3% and 2022 was 4.4% . Franklin India Savings Fund
Growth Launch Date 11 Feb 02 NAV (06 Jun 25) ₹50.1453 ↑ 0.08 (0.15 %) Net Assets (Cr) ₹3,277 on 30 Apr 25 Category Debt - Money Market AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.27 Sharpe Ratio 2.35 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.71% Effective Maturity 9 Months 14 Days Modified Duration 8 Months 26 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,417 31 May 22 ₹10,762 31 May 23 ₹11,449 31 May 24 ₹12,293 31 May 25 ₹13,293 Returns for Franklin India Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 0.9% 3 Month 2.7% 6 Month 4.5% 1 Year 8.4% 3 Year 7.4% 5 Year 5.9% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.7% 2023 7.3% 2022 4.4% 2021 3.6% 2020 6% 2019 8.5% 2018 7.5% 2017 7.2% 2016 8.1% 2015 8.3% Fund Manager information for Franklin India Savings Fund
Name Since Tenure Rahul Goswami 6 Oct 23 1.65 Yr. Rohan Maru 10 Oct 24 0.64 Yr. Chandni Gupta 30 Apr 24 1.09 Yr. Data below for Franklin India Savings Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 82.14% Debt 17.67% Other 0.19% Debt Sector Allocation
Sector Value Corporate 47.12% Government 30.2% Cash Equivalent 22.49% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 Days Tbill (Md 05/03/2026)
Sovereign Bonds | -6% ₹215 Cr 22,500,000 364 Days Tbill Red 12-03-2026
Sovereign Bonds | -4% ₹143 Cr 15,000,000 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹71 Cr 1,500 Indian Bank
Domestic Bonds | -1% ₹47 Cr 1,000 HDFC Bank Ltd.
Debentures | -1% ₹47 Cr 1,000
↑ 1,000 08.39 RJ UDAY 2026
Domestic Bonds | -1% ₹30 Cr 2,860,000
↑ 360,000 5.63% Govt Stock 2026
Sovereign Bonds | -1% ₹25 Cr 2,500,000
↑ 2,500,000 Bank of Baroda
Debentures | -1% ₹24 Cr 500
↑ 500 Corporate Debt Market Development Fund Class A2
Investment Fund | -0% ₹6 Cr 5,772 364 DTB 22012026
Sovereign Bonds | -0% ₹3 Cr 316,500 2. UTI Money Market Fund
CAGR/Annualized
return of 7.3% since its launch. Ranked 23 in Money Market
category. Return for 2024 was 7.7% , 2023 was 7.4% and 2022 was 4.9% . UTI Money Market Fund
Growth Launch Date 13 Jul 09 NAV (06 Jun 25) ₹3,081.27 ↑ 4.43 (0.14 %) Net Assets (Cr) ₹17,804 on 30 Apr 25 Category Debt - Money Market AMC UTI Asset Management Company Ltd Rating ☆☆☆☆ Risk Low Expense Ratio 0.27 Sharpe Ratio 2.53 Information Ratio 0 Alpha Ratio 0 Min Investment 10,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.76% Effective Maturity 8 Months 17 Days Modified Duration 8 Months 17 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,446 31 May 22 ₹10,830 31 May 23 ₹11,550 31 May 24 ₹12,420 31 May 25 ₹13,430 Returns for UTI Money Market Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 0.8% 3 Month 2.7% 6 Month 4.4% 1 Year 8.4% 3 Year 7.5% 5 Year 6.1% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.7% 2023 7.4% 2022 4.9% 2021 3.7% 2020 6% 2019 8% 2018 7.8% 2017 6.7% 2016 7.7% 2015 8.4% Fund Manager information for UTI Money Market Fund
Name Since Tenure Anurag Mittal 1 Dec 21 3.5 Yr. Amit Sharma 7 Jul 17 7.9 Yr. Data below for UTI Money Market Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 81.9% Debt 17.86% Other 0.24% Debt Sector Allocation
Sector Value Corporate 46.13% Cash Equivalent 30.15% Government 23.48% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 Days Tbill (Md 05/03/2026)
Sovereign Bonds | -3% ₹478 Cr 5,000,000,000 364 DTB 19mar2026
Sovereign Bonds | -3% ₹477 Cr 5,000,000,000 06.89 RJ Sdl 2025
Sovereign Bonds | -2% ₹306 Cr 3,050,000,000 364 Days Tbill Red 12-03-2026
Sovereign Bonds | -1% ₹239 Cr 2,500,000,000 08.23 MH Sdl 2025
Sovereign Bonds | -1% ₹201 Cr 2,000,000,000 364 DTB 12022026
Sovereign Bonds | -1% ₹192 Cr 2,000,000,000 364 DTB 27022026
Sovereign Bonds | -1% ₹191 Cr 2,000,000,000 Cholamandalam Investment & Finance Co Ltd.
Debentures | -1% ₹169 Cr 1,750,000,000
↑ 1,750,000,000 07.00 RJ Sdl 2025
Sovereign Bonds | -1% ₹150 Cr 1,500,000,000
↑ 1,500,000,000 HDFC Bank Ltd.
Debentures | -1% ₹142 Cr 1,500,000,000
↑ 1,500,000,000 3. ICICI Prudential Money Market Fund
CAGR/Annualized
return of 7.2% since its launch. Ranked 17 in Money Market
category. Return for 2024 was 7.7% , 2023 was 7.4% and 2022 was 4.7% . ICICI Prudential Money Market Fund
Growth Launch Date 9 Mar 06 NAV (06 Jun 25) ₹379.266 ↑ 0.58 (0.15 %) Net Assets (Cr) ₹28,644 on 30 Apr 25 Category Debt - Money Market AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Low Expense Ratio 0.32 Sharpe Ratio 2.39 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.74% Effective Maturity 8 Months 30 Days Modified Duration 8 Months 12 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,443 31 May 22 ₹10,808 31 May 23 ₹11,522 31 May 24 ₹12,384 31 May 25 ₹13,386 Returns for ICICI Prudential Money Market Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 0.9% 3 Month 2.7% 6 Month 4.4% 1 Year 8.3% 3 Year 7.5% 5 Year 6.1% 10 Year 15 Year Since launch 7.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.7% 2023 7.4% 2022 4.7% 2021 3.7% 2020 6.2% 2019 7.9% 2018 7.7% 2017 6.7% 2016 7.7% 2015 8.3% Fund Manager information for ICICI Prudential Money Market Fund
Name Since Tenure Manish Banthia 12 Jun 23 1.97 Yr. Nikhil Kabra 3 Aug 16 8.83 Yr. Data below for ICICI Prudential Money Market Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 79.61% Debt 20.15% Other 0.24% Debt Sector Allocation
Sector Value Corporate 47.63% Government 26.19% Cash Equivalent 25.93% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 Days Tbill Red 12-03-2026
Sovereign Bonds | -7% ₹1,909 Cr 200,000,000 364 Days Tbill (Md 05/03/2026)
Sovereign Bonds | -2% ₹478 Cr 50,000,000 364 DTB 19mar2026
Sovereign Bonds | -2% ₹477 Cr 50,000,000 Bank of India Ltd.
Debentures | -2% ₹473 Cr 10,000 Indian Bank
Domestic Bonds | -1% ₹237 Cr 5,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹237 Cr 5,000 6.99% Govt Stock 2026
Sovereign Bonds | -1% ₹202 Cr 20,000,000
↑ 20,000,000 Muthoot Finance Ltd.
Debentures | -1% ₹189 Cr 4,000 Small Industries Development Bank of India
Debentures | -1% ₹188 Cr 4,000
↑ 4,000 08.22 Tn SDL 2025dec
Sovereign Bonds | -1% ₹147 Cr 14,500,000 4. Nippon India Money Market Fund
CAGR/Annualized
return of 7.4% since its launch. Ranked 27 in Money Market
category. Return for 2024 was 7.8% , 2023 was 7.4% and 2022 was 5% . Nippon India Money Market Fund
Growth Launch Date 16 Jun 05 NAV (06 Jun 25) ₹4,148.01 ↑ 6.33 (0.15 %) Net Assets (Cr) ₹17,772 on 30 Apr 25 Category Debt - Money Market AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk Low Expense Ratio 0.37 Sharpe Ratio 2.38 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load NIL Yield to Maturity 6.84% Effective Maturity 9 Months 3 Days Modified Duration 8 Months 16 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,438 31 May 22 ₹10,827 31 May 23 ₹11,550 31 May 24 ₹12,418 31 May 25 ₹13,421 Returns for Nippon India Money Market Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 0.9% 3 Month 2.7% 6 Month 4.4% 1 Year 8.3% 3 Year 7.5% 5 Year 6.1% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.8% 2023 7.4% 2022 5% 2021 3.8% 2020 6% 2019 8.1% 2018 7.9% 2017 6.6% 2016 7.6% 2015 8.3% Fund Manager information for Nippon India Money Market Fund
Name Since Tenure Kinjal Desai 16 Jul 18 6.88 Yr. Vikash Agarwal 14 Sep 24 0.71 Yr. Data below for Nippon India Money Market Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 83.74% Debt 16.02% Other 0.24% Debt Sector Allocation
Sector Value Corporate 48.21% Cash Equivalent 29.77% Government 21.77% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 182 Days Tbill
Sovereign Bonds | -1% ₹250 Cr 25,500,000 364 DTB 27022026
Sovereign Bonds | -1% ₹239 Cr 25,000,000 364 Days Tbill (Md 05/03/2026)
Sovereign Bonds | -1% ₹239 Cr 25,000,000 364 Days Tbill Red 12-03-2026
Sovereign Bonds | -1% ₹239 Cr 25,000,000 Uttarakhand (Government of) 7.36%
- | -1% ₹210 Cr 20,746,000 364 DTB 04122025
Sovereign Bonds | -1% ₹194 Cr 20,000,000 08.69 Tn SDL 2026
Sovereign Bonds | -1% ₹153 Cr 15,000,000 Small Industries Development Bank of India
Debentures | -1% ₹141 Cr 3,000
↑ 3,000 AU Small Finance Bank Ltd.
Debentures | -1% ₹140 Cr 3,000 08.36 MH Sdl 2026
Sovereign Bonds | -1% ₹137 Cr 13,500,000 5. Tata Money Market Fund
CAGR/Annualized
return of 6.8% since its launch. Ranked 30 in Money Market
category. Return for 2024 was 7.7% , 2023 was 7.4% and 2022 was 4.8% . Tata Money Market Fund
Growth Launch Date 22 May 03 NAV (06 Jun 25) ₹4,718.13 ↑ 6.84 (0.15 %) Net Assets (Cr) ₹30,065 on 30 Apr 25 Category Debt - Money Market AMC Tata Asset Management Limited Rating ☆☆☆ Risk Low Expense Ratio 0 Sharpe Ratio 2.46 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Yield to Maturity 6.81% Effective Maturity 8 Months 26 Days Modified Duration 8 Months 25 Days Growth of 10,000 investment over the years.
Date Value 31 May 20 ₹10,000 31 May 21 ₹10,468 31 May 22 ₹10,844 31 May 23 ₹11,564 31 May 24 ₹12,432 31 May 25 ₹13,433 Returns for Tata Money Market Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 6 Jun 25 Duration Returns 1 Month 0.8% 3 Month 2.7% 6 Month 4.4% 1 Year 8.3% 3 Year 7.5% 5 Year 6.1% 10 Year 15 Year Since launch 6.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.7% 2023 7.4% 2022 4.8% 2021 3.9% 2020 6.4% 2019 8.1% 2018 -0.1% 2017 6.7% 2016 7.6% 2015 8.3% Fund Manager information for Tata Money Market Fund
Name Since Tenure Amit Somani 16 Oct 13 11.63 Yr. Data below for Tata Money Market Fund as on 30 Apr 25
Asset Allocation
Asset Class Value Cash 81.46% Debt 18.32% Other 0.22% Debt Sector Allocation
Sector Value Corporate 45.12% Cash Equivalent 31.57% Government 23.09% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity 364 DTB 19mar2026
Sovereign Bonds | -3% ₹1,001 Cr 105,000,000 182 Days Tbill
Sovereign Bonds | -3% ₹961 Cr 98,000,000 08.30 RJ Sdl 2026
Sovereign Bonds | -2% ₹532 Cr 52,500,000 364 DTB 27022026
Sovereign Bonds | -2% ₹478 Cr 50,000,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -2% ₹478 Cr 10,000 182 Days Tbill
Sovereign Bonds | -1% ₹295 Cr 30,000,000 Bank of Baroda
Debentures | -1% ₹237 Cr 5,000 Kotak Mahindra Prime Ltd.
Debentures | -1% ₹237 Cr 5,000 National Bank for Agriculture and Rural Development
Domestic Bonds | -1% ₹237 Cr 5,000 364 Days Tbill 2025
Sovereign Bonds | -1% ₹221 Cr 22,500,000
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.