Money Market Fund

A money market fund is a type of mutual fund that invests in short-term, high-quality debt instruments, cash, and cash equivalents; it is designed to provide investors with high liquidity, security, and capital stability, often serving as a temporary holding place for funds or as a conservative investment option with modest income and low risk. Money market funds do not offer FDIC insurance, but they are regulated to maintain stability and daily access to funds, making them suitable for short-term savings needs and minimizing exposure to market volatility.​