Money Market Mutual Funds invest in securities that have a maturity period of
A
Less than 182 days
B
Equal to 364 days
C
Less than or equal to 364 days
D
Less than 91 days
Correct Option:
C
Explanation
Money Market Mutual Funds invest in money market instruments such as Treasury Bills, Commercial Papers, Certificates of Deposit, and Call Money, which have a residual maturity of up to 364 days.
