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Anni
Anni
Asked: March 18, 20262026-03-18T20:32:57+00:00 2026-03-18T20:32:57+00:00In: INVESTING & WEALTH BUILDING

Can Invest on MMF and NIDF same time?

Please I want to know if as a beginner learning about investment, can someone invest in money market mutual funds and also NIDF same time?

money market fundsNIDF
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  1. Danny
    Danny
    2026-03-18T22:01:22+00:00Added an answer on March 18, 2026 at 10:01 pm

    As a beginner it is best advisable to start with money market mutual fund(MMMF) as it is simple and easy NIDF is also beginner friendly but it doesn't pays interest daily like how MMMF does but you will receive dividends when it's is declared

    As a beginner it is best advisable to start with money market mutual fund(MMMF) as it is simple and easy

    NIDF is also beginner friendly but it doesn’t pays interest daily like how MMMF does but you will receive dividends when it’s is declared

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    • Anni
      Anni
      2026-03-19T10:57:17+00:00Replied to answer on March 19, 2026 at 10:57 am

      Thanks so much for your clarity...I appreciate your sincere answer

      Thanks so much for your clarity…I appreciate your sincere answer

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