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Question #192 • Financial Education
Financial Education
Question #192

What is the Super Savings Account?

The Super Savings Account is a new product offered by Fincare services, which offers customers the flexibility of a savings account with the growth of a mutual fund. The money in the Super Savings Account is invested in the Reliance Liquid Fund - Treasury Plan. This fund invests in Call Money/ Cash/ Repo and Reverse Repo, Money Market Instruments (Mibor linked instruments, CPs, T-Bills, CDs, and/or other short term papers), which have low to medium levels of risk.
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