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Top Money Market Mutual Funds to invest in 2019

What are Money Market Mutual Funds?

Money Market Mutual Funds is a short-term liquid investment with high credit rating. It provides investors with an avenue to invest in low risk-low return investment class. These are open-ended funds in the debt fund category that invest in cash or cash equivalents. The fund manager invests in high-quality liquid investments like T-bills, Repos, Commercial Papers and Certificate of Deposits. Therefore, they have an average maturity of one year.

Investors having a horizon of 1 year can invest in this fund. Those who have surplus amount lying in their bank account and have a low-risk appetite can invest in money market funds. Money market funds give high return than a savings bank account. They have a minimum lock-in period of 15 days. Also, they are only for short-term goals. Similarly, for medium and long-term goals there are balanced funds and dynamic bond funds. However, money market mutual funds are only for those who have surplus cash and do not need it urgently.

Top Money Market Mutual Funds to Invest in 2019

Upwardly presents to you the top money market mutual funds for 2019:

Fund NameAnnualized Return (1Yr)Category
Aditya Birla Sun Life Money Manager Fund 8.06%Money Market
Franklin India Low Duration Fund 8.66%Low Duration
ICICI Prudential Savings Fund 7.44%Low Duration
SBI Magnum Ultra Short Duration Fund 8.08%Ultra Short Term
Franklin India Ultra Short Bond Fund Super Institutional 8.99%Ultra Short Term

Aditya Birla Sun Life Money Manager Fund

The fund aims to generate regular income through investment in money market instruments. Investors who are seeking reasonable returns with liquidity over short-term of 1 year can invest in this fund. The fund majorly invests in A1+ rated securities like commercial paper and certificate of deposit. It has 45 securities in its portfolio. The fund has an average maturity of 0.38 years and has a Yield to Maturity (YTM) of 7.88%. It gave a return of 7.03% since its launch in 2005.

Franklin India Low Duration Fund

The fund primarily invests in corporate bonds and other fixed-income instruments. This fund focuses on the lower end of the yield curve. The recommended investment horizon for this fund is “3 months or more”. The fund invests majorly in securities rate A and below (48.36%), followed by AA (24.7%), A1+ (20.15%) and AAA (3.27%). It has 90 securities in its portfolio. The fund has an average maturity of 0.88 years and has a Yield to Maturity (YTM) of 10.20%. It gave a return of 9.33% since its launch in 2000.

ICICI Prudential Savings Fund

The aims to generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety, and liquidity. The fund majorly invests in securities rated A1+ (47.68%), AAA (27.5%), AA (18.98%) and SOV (3.95%). It has 109 securities in its portfolio. The fund has an average maturity of 0.66 years and has a Yield to Maturity (YTM) of 8.23%. It gave a return of 8.92% since its launch in 2002.

SBI Magnum Ultra Short Duration Fund

This fund is an open-ended ultra-short duration debt scheme investing in instruments such that the Macaulay duration of Portfolio is between 3 months and 6 months. It aims to provide a high degree of liquidity through investments in debt and money market instruments. The fund majorly invests in securities rated A1+ (50.37%), AAA (35.89%), and AA (9.97%). It has 51 securities in its portfolio. The fund has an average maturity of 0.42 years and has a Yield to Maturity (YTM) of 7.99%. It gave a return of 7.41% since its launch in 1999.

Franklin India Ultra-Short Bond Fund Super Institutional Growth

This fund endeavors to strike an optimum balance between regular income and high liquidity. This balance is achieved through a judicious mix of short term debt and money market instruments. The fund invests majorly in securities rate A and below (41.21%), followed by AA (34.22%), A1+ (15.25%) and AAA (4.39%). It has 130 securities in its portfolio. The fund has an average maturity of 0.54 years and has a Yield to Maturity (YTM) of 9.71%. It gave a return of 8.91% since its launch in 2007.

Start your short term investments in the best mutual funds at www.Upwardly.in

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