Amidst falling interest rates and investor caution towards fixed income, money market funds are gaining traction as preferred short-term investment options. These funds, investing in high-quality, short-term instruments, offer attractive yields compared to savings accounts and fixed deposits, coupled with high liquidity. Investors should prioritize funds with AAA-rated exposure and consistent performance.
ICICI Bank adds most credit cards in April amid rising competition
Axis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained steady at 33,038 additions. “We are focused on