In the world of personal finance, a Money Market Fund (MMF) and an Account (MMA) are two different financial products that have different functions. Despite having names and duties that are similar, they are frequently confused, but they differ greatly from one another. We’ll examine the salient features of each in this comparison to help …
Money Market Account vs. Money Market Fund: What’s the difference? Read More »
Life is full of uncertain circumstances. So, it’s imperative to build a fund that can save you at times of emergencies. Emergency Funds are set apart from other savings, as it can help you to handle unfortunate circumstances like job loss, loss of family members, or medical bills. So, it’s always prudent to keep your …
What is the Best Place to Keep Your Emergency Funds Aside From Bank Accounts? Read More »
AbstractAn open-ended debt scheme, in which the fund manager invests in money market instruments such as treasury bills and commercial papers which are highly liquid and have short-term maturities. These are issued by the RBI with the help of commercial banks having a maturity period of up to 1 year. Key features LiquidityThe easiness of …
