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Q. Explain about Money Market Mutual Funds?
Money Market Mutual Funds: Money market mutual funds (MMMFs) focus on short-term marketable securities such as TBs, CPs, CDs or call money. They have a minimum lock-in period of 30 days, and after this period an investor can withdraw his or her money any -time at a short notice or even across the counter in some cases. They offer attractive yields; yields ‘are usually 2 per cent above than on bank deposits of same maturity. MMMFs are of recent origin in India, and they have become quite popular with institutional investors and some companies.
What are sources of funds for an assignment?
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