What is Market Fund?
A money market fund is an open-ended mutual fund that invests in short-term debt securities such as US Treasury bills and commercial paper.
Best Money Market Fund In South Africa
Below are some of the Best Money Market Funds.
- Allan Gray Money Market Fund.
- RE: CM Money Market Fund.
- Nedgroup Investments.
- Coronation Money Market Fund.
- Standard Bank Money Market Fund.
- Old Mutual Money Market Fund.
- Community Growth.
- PSG Money Market Fund.
Can a money market fund lose value?
Banks may provide money market savings accounts, which are different than money market mutual funds. Past performance does not guarantee future results. All investments are subject to market risk, including possible loss of principal. Retail Money Market Funds: You could lose money by investing in the Fund.
What is the highest investment rate in South Africa?
The best 1-year fixed deposit interest rate is 9.48% offered by Standard Bank. This is the effective annualized rate. You will need a minimum investment of R10,000 to get that interest rate. Check out the fixed deposit calculator to see how much interest you will earn for your investment amount.