If you’re a fan of fixed deposits, you’ll love money market funds because they provide you all the benefits of fixed deposits without many of its disadvantages. Money market funds provide slightly higher returns than FD, are liquid (meaning you can withdraw money at any time without interest rate penalties), and have very low to no minimum deposits. This is why many businesses choose to park their cash in money market funds instead of fixed deposits, and why you too should consider making the switch.
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Note: Investment in a money market fund is not the same as placement in a deposit with a financial institution. There are risks involved and investors should rely on their own evaluation to assess the merits and risk of the investment.
00:00 Introduction
00:37 Why FDs aren’t really worth it
01:44 Money market fund – how it works
02:24 Advantages of MMF
04:04 Returns of MMF vs FD
05:03 Disadvantages of MMF
06:10 How best to use MMF
07:45 How to buy MMF (Versa vs SA Simple)
