What are Ultra Short Term Mutual Funds?

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The Ultra short-term mutual funds are schemes that generate fixed returns or so-called incomes within the short-term generally for an investment period of around 1 to 9 Months. These funds are a type of debt funds that are invested in Commercial Paper, Certificate of Deposits, Treasury Bills besides Commercial Papers that has an average maturity of more than 91 Days.
https://www.rankmf.com/knowledge-center/article/ultra-short-term-funds/

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