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    Question

    Who is the regulator for Money Market Mutual Funds in

    India? 
    A RBI Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C IRDA Correct Answer Incorrect Answer
    D Finance Ministry Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Money Market Mutual Funds Money market funds are of two types: 1. Institutional Money Market Mutual Funds: These funds are held by governments, institutional investors and businesses etc. Huge sum of money is parked in institutional money funds. 2. Retail Money Market Mutual Funds: Retail money market funds are used for parking money temporarily. The investment portfolio of money market funds comprises of treasury bills, short term debts, tax free bonds etc.

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