Question
Who is the regulator for Money Market Mutual Funds in
India?ÂSolution
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.
Consider the following statements associated with the India Infrastructure Project Development Fund (IIPDF).
1. IIPDF was set up in 2017.
...
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