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MONEY MARKET FUND – A Lookout for your Investments

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corporate bond funds

Money Market Funds – What Are You? 

Money Market Funds are short term debt funds that invest in different money market instruments & endeavor to offer better returns over a period of upto 1 year alongside maintaining high level of liquidity. Also, the average maturity of money market mutual fund is 1 year.  

Money Market Mutual Funds – The Working 

Best money market funds invest in money market instruments with an objective of offering better returns & keeping NAV fluctuations minimal.  

Who Should Invest? 

Investors with an investment horizon of 1 year and with low-risk tolerance are ideal for money market mutual funds. Generally, investors having idle cash lying in their bank account can earn better returns only if they invest in these funds.  

Factors to Consider 

Here: 

  • Before investing in money market funds make sure to figure out the credit risk and interest risk rate. However, the chances are the fund manager might end up investing with instruments having high risk component just to increase returns.  
  • Since, the returns of money market funds are not very high, thus, expense ratio plays an important role in determining the earnings.  
  • Always go through your investment plan before investing. 

Top 5 Money Market Fund(s) as per Gulaq 

Here: 

  • L&T Money Market FundIt is a debt mutual fund scheme that was launched by L&T mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Vikas Garg, and Jalpan Shah. Talking about AUM, it is of INR 888 Cr, and the latest NAV is of INR 20.29 (dated as of 24th Feb 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 10000. 
  • Franklin India Savings FundIt is a debt mutual fund scheme that was launched by Franklin Templeton mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by PALLAB Roy, and Sachin Padwal Desai. Talking about AUM, it is of INR 4741 Cr, and the latest NAV is of INR 37.63 (dated as of 24th Feb 2020). The fund growth is rated moderately low-risk. The minimum SIP investment is INR 500, and, lumpsum investment is INR 10000.  
  • Aditya Birla Sun Life Money Manager FundIt is a debt mutual fund scheme that was launched by Aditya Birla Sun Life mutual fund. Later on, it was introduced on 31st Dec 2012 to its investors. Talking about AUM, it is of INR 12504 Cr, and the latest NAV is of INR 269.03 (dated as of 24th Feb 2020). The fund growth is rated low risk. Also, the minimum SIP investment is INR 1000.  
  • SBI Savings FundIt is a debt mutual fund scheme that was launched by SBI mutual fundLater on, it was introduced on 19th July 2004 to its investors. Currently, the fund is managed by R Arun. Talking about AUM, it is of INR 13,577 Cr, and the latest NAV is of INR 32.16 (dated as of 24th Feb 2020). The fund growth is rated as moderate low risk. Also, the minimum SIP investment is INR 500. 
  • Nippon India Money Market FundIt is a debt mutual fund scheme that was launched by Reliance mutual fund. Later on, the fund was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Vivek Sharma, and Amit Tripathi. Talking about AUM, it is of INR 4540 Cr, and the latest NAV is of INR 3033.09 (dated as 24th Feb 2020). The fund growth is rated as moderately low risk. Also, the minimum SIP investment is INR 100.  

 

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected]  or Whatsapp +91-9818894632

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*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.

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