What are money market mutual funds?
The Money market is a segment of the financial market within which financial instruments with high liquidity and short maturities are traded. Securities traded on the money market include negotiable certificates of deposit, bankers' acceptances, treasury bills, commercial papers, municipal notes and repurchase agreements. Investors that are interested in trading in the money market can do so through money market mutual funds.
These funds have high liquidity and make very suitable investments in the long run. There are a number of investment companies through which you can invest in Money market funds. Some of them are ICICI, HDFC and Reliance Mutual Funds.
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