Short-Term Investment Fund-STIF
Short-Term Investment Fund is a pooled investment fund that invests in high quality, low risk, short term market instruments. The basic aspiration of this fund is to beat the Treasury bill index, while providing capital protection with low-risk investments.
Short term investment funds invest in safe short term instruments, like government bills, bank or corporate notes. This highly liquid investment can be sold or bought at any time and demands some minimal initial investment while providing low management fee requirement.
Short-Term Investment Fund is also called just short-term fund.
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