What are the Various Types of Mutual Funds?

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Types of Mutual Funds There are various types of mutual funds that exist, catering to different people bas...
Types of Mutual Funds There are various types of mutual funds that exist, catering to different people based on their needs. They can be categorized into: 1. Growth or Equity Funds: They invest mainly in equities and have a primary objective of wealth creation or capital appreciation. They also have an added potential of generating higher returns over long-term investment. 2. Income Funds: These are funds which invest in fixed income securities such as bonds or government securities, commercial papers and debentures, bank certificates of deposits, as well as money market instruments like commercial paper and treasury bills. 3. Hybrid Funds: They invest in fixed income and equities, offering the best of both worlds. They also have the benefits of growth potential and income generation. The benefits of investing in mutual funds include the wide range of types you can choose from.
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