MMMF Abbreviation

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Popular abbreviations of MMMF:

Searching for MMMF abbreviation / MMMF full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does MMMF mean?

The MMMF stands for Money Market Mutual Fund. MMMF has a very high credit rating with a short-run liquid investment. With the MMMF investment, the investors get quick cash or its equivalent assets with a lower risk of returns.

MMMF deals with the cash needs for the short run. MMMF scheme belongs to the debt fund category. It is also known as the market instrument because the average maturity time for these funds is one year.

Types of MMMF

MMMF are of two types:

• Retail MMMF: These funds are used for the temporary deposit of money. Retail MMMF includes short-term debts, treasury bills, and bonds free from tax.
• Institutional MMMF: These funds belong to the business organizations, government, or authorized investors. Institutional MMMF includes a more significant amount of investments.

Applications of MMMF:

• MMMF provides a stable short-term income if the account of MMMF is well maintained and market instruments are applied wisely.
• MMMF provides an excellent opportunity for short-term investors to invest in this fund with a one-year investment horizon.
• MMMF investment is applicable for investors with excess money in their savings accounts, and MMMF investments provide more returns than saving account money.
• MMMF investments can be made by retail investors as well as corporate investors. The price average of MMMF will benefit both kinds of investors.

Advantages of MMMF:

• There is a negligible or low risk to the security of MMMF in the money market.
• MMMF is the most favorable type of fund among all the mutual fund investments.
• MMMF is believed to provide well returns when the RBI hikes the market rates.
• MMMF investments are very easy to do. If a person is a mutual fund investor, he can easily open an account for the MMMF and invest the money. The funds can be withdrawn whenever the investor wants through the virtual model.
• MMMF is the safe and highly secured investment among all the mutual fund investments.