Money market mutual fund invests in treasury bills, commercial papers, short term government debts and even bank deposits. So when you invest in money market mutual fund, you're investing in a low risk, high liquid funds where your money is managed by professionals and your money earns interests daiRead more
Money market mutual fund invests in treasury bills, commercial papers, short term government debts and even bank deposits. So when you invest in money market mutual fund, you’re investing in a low risk, high liquid funds where your money is managed by professionals and your money earns interests daily which increases your unit value and your money grows internally based on the current yield.
The interest is reinvested automatically and it starts making you more money which is compounding. The longer you compound the higher your money grows and you get all the interest when you withraw your money or redeem your units.
You fill your e-mandate form immediately you buy your shares so you won't miss out on receiving your dividends. Make sure to fill your details exactly as it is in your bank account.
You fill your e-mandate form immediately you buy your shares so you won’t miss out on receiving your dividends. Make sure to fill your details exactly as it is in your bank account.
How Are Returns Generated and Reinvested in a Money Market Fund?
Money market mutual fund invests in treasury bills, commercial papers, short term government debts and even bank deposits. So when you invest in money market mutual fund, you're investing in a low risk, high liquid funds where your money is managed by professionals and your money earns interests daiRead more
Money market mutual fund invests in treasury bills, commercial papers, short term government debts and even bank deposits. So when you invest in money market mutual fund, you’re investing in a low risk, high liquid funds where your money is managed by professionals and your money earns interests daily which increases your unit value and your money grows internally based on the current yield.
The interest is reinvested automatically and it starts making you more money which is compounding. The longer you compound the higher your money grows and you get all the interest when you withraw your money or redeem your units.
See lessWhen does one need to fill e-mandate form?
You fill your e-mandate form immediately you buy your shares so you won't miss out on receiving your dividends. Make sure to fill your details exactly as it is in your bank account.
You fill your e-mandate form immediately you buy your shares so you won’t miss out on receiving your dividends. Make sure to fill your details exactly as it is in your bank account.
See less