Money Market Fund (MMF)

A Money Market Fund (MMF) is a type of mutual fund that invests in short-term, high-quality debt securities like government and corporate bonds. Its goal is to provide investors with a safe, liquid place to park their money while earning a small return. MMFs are commonly used for cash management because they offer stability, easy access to funds, and lower risk compared to other investments. They are suitable for conservative investors or those looking to preserve capital while maintaining liquidity.