MUTUAL FUNDS

Published By Moushumi Mahanta | 14 May, 2024

Money market funds are mutual fund schemes investing in short-term instruments with maturity of up to one year, totalling <span class='webrupee'>₹</span>1.83 lakh crore across 23 schemes as of April 30, 2024, according to AMFI data.

Aditya Birla Sun Life Money Manager Fund delivered a return of 7.57% to investors in the past one year. Credit : UNSPLASH

Investors in ICICI Prudential Money Market Fund saw a return of 7.52% over the past year. Credit : PIXABAY

Tata Money Market Fund yielded a return of 7.53% to investors in the last one year. Credit : PIXABAY

Over the past year, investors in Nippon India Money Market Fund saw a return of 7.54%. Credit : PIXABAY

In the previous year, investors in the UTI Money Market Fund earned a return of 7.55%. Credit : PIXABAY