Among the debt fund categories, one segment that is low on risks and generates reasonable returns over the medium term of about three years is the money market mutual funds. This category did not face any accidents during the period of debt defaults and the turmoil in the bond markets over 2018-20 that plagued short-duration, liquid and ultra-short duration funds. Credit risk funds, of course, faced the brunt then.
Beyond college funds: Why parents need to invest for a skills-first future
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