Jakarta, CNBC Indonesia – If calculated year on year (YoY) from January 12 2023, several money market mutual funds on the market have successfully recorded quite good performance. The performance of the 10 best products per period reached 8%.
Edvisor.id data states that of the 10 money market mutual funds, most of the performance reached 5%, while the highest reached 8.76%.
As an investment product that has 100% basic assets from money market instruments, money market mutual funds can be a smart place for you to save in the short term. Call it for purposes under one year to under three years though.
Returns from money market mutual funds appear stable because the underlying money market instruments (underlying assets) are instruments that can generate fixed income from bank deposits and short-term debt securities with maturities of under one year.
Apart from short-term goals, you can also use this instrument as a means of parking idle funds which you will later invest in a number of instruments of your choice at a later date, for example while you are waiting for the right time to buy shares.
You may already know what shares you are buying, but because their prices continue to fluctuate in the market, you have to wait. Instead of placing the funds in savings and using them for consumer needs, just place them in money market mutual funds.
[Gambas:Video CNBC]
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