The First Capital Fund ranked as the best performing unit trust in its category by delivering a return of 11.98%, which is the highest Compounded Annual Growth Rate (CAGR) for the past five years, as of February 2021. Money Market Fund Basics. MMFs are designed to generate higher yields than bank savings accounts or money market savings accounts. (Getty Images) According to the mutual fund industry trade group Investopedia / Mira Norian What Is a Money Market Fund? A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, First Capital Money Market Fund has been the best performing Unit Trust in its category of "Open- ended Money Market Funds" with highest Compounded Annual Growth Rate (CAGR) forpast five years as at 31 st March 2021 (Source: The Unit Trust Association of Sri Lanka). 7yu8b.

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