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Dec 20, 2010: Most astute investors are aware of municipal mutual funds also known as MUNIs. These funds invest in term debts issued by various state and local governments. In general dividends and gains from muni funds are exempt from federal as well as state taxes.
One has to be a domicile of a particular state to invest in a state specific money market fund. Thus muni funds provide a way to
Tax FREE Money Market Mutual Funds - MUNIs
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