Please throw more light on money market mutual funds and how compounding works on it.
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How much is list to start saving using money mutual fund? And can I fit they top it everyday with 1000?
Can I save a certain amount monthly on mmf like savings account or I have to keep a sum of money once in the MMF sir?
I invested in mutual money fund, first week of this month and took some money out three days ago for another investment. Though I was told that the interest with not be up to expectation since I withdraw out of ...Read more
Actually, I am a beginner. I would like to know what this money market mutual funding is all about. How do I go about it? What are the risks in money market mutual funding? What are the benefits in money market ...Read more
Can one invest in MMMF in a foreign currency such as the dollar?
Good day, I would appreciate some clarification regarding investments in Money Market Mutual Funds. Assuming I invest in a Money Market Mutual Fund for a period of 3 to 10 years and receive dividends either quarterly or annually, how are those dividends ...Read more
Money Market Mutual Fund is said to be a pool investment managed by professional fund managers, who invest in low risk short terms instruments like Treasury Bills, FGN Bond, Commercial paper between 13% – 15% depending on the type. If pooled ...Read more
For compounding tenor of mmf which is better,monthly, quarterly,half yearly or yearly.
Let’s say I bought 10k units 5 months ago, and I bought another 5k units last week. If I withdraw 2k units now, which units get withdrawn first? Will I be penalized given that only 5k of my units ...Read more