Money market funds are mutual fund schemes investing in short-term instruments with maturity of up to one year, totalling ₹1.83 lakh crore across 23 schemes as of April 30, 2024, according to AMFI data.
Credit : PEXELS
Here are some money market schemes to invest in 2024:
Credit : PEXELS
Aditya Birla Sun Life Money Manager Fund
Aditya Birla Sun Life Money Manager Fund delivered a return of 7.57% to investors in the past one year.
Credit : UNSPLASH
ICICI Prudential Money Market Fund
Investors in ICICI Prudential Money Market Fund saw a return of 7.52% over the past year.
Credit : PIXABAY
Tata Money Market Fund
Tata Money Market Fund yielded a return of 7.53% to investors in the last one year.
Credit : PIXABAY
Nippon India Money Market Fund
Over the past year, investors in Nippon India Money Market Fund saw a return of 7.54%.
Credit : PIXABAY
UTI Money Market Fund
In the previous year, investors in the UTI Money Market Fund earned a return of 7.55%.