As interest rates fall, investing in money market funds is more rewarding than keeping money in savings or fixed deposits. Murthy Nagarajan, head, Fixed Income, Tata Mutual Fund, tells Saikat Neogi that it is smarter for investors to lock in higher yields through money market funds, as they offer both accrual income and capital gains.
Mutual funds reduces overall cash allocation by Rs 6,200 crore to Rs 2.17 lakh crore in May
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