| Point of Distinction | Money Market | Capital Market |
|---|---|---|
| 1. Time period / Term | Deals in short-term funds | Long term funds |
| 2. Instrument Dealt In | Deals in securities like treasury bills, commercial paper, bills of exchange, certificate of deposits etc. | Deals in securities like shares, debentures, |
| bonds and government securities. | ||
| 3. Participants | Commercial banks, NBFS, chit funds etc | Stock brokers, under writers, |
| mutual funds, individual investors, financial institutions | ||
| 4. Regulatory body | RBI | SEBI |