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115 Points
Joined July 2011
Money market is meant for larger institution and government to manage their short term debt securities, such as banker's acceptances, commercial paper, repos, negotiable certificates of deposit, and Treasury Bills with a maturity of one year or less and often 30 days or less. Generally, it’s a very safe investment which gives relatively low interest rate which is appropriate for temporary cash storage. There are many online financial that can help with this type of schemes such as Reliance Mutual Fund, HDFC, ICICI Prudential Mutual Fund, Birla Mutual etc.