What are the various types of Mutual Funds?
Today, there are varieties of mutual funds available for investment. Many of these funds are known as income fund, growth fund, liquid fund, balanced fund, tax saving fund, open ended fund, closed ended fund etc. These funds can be classified into two categories: either by the Maturity Plans or by the Investment Objectives. These funds are discussed below:-
Based on the Maturity Plan
Based on the maturity plan, there are three types of mutual fund schemes. They are known as Open ended Fund, Close ended Fund and Interval Fund. These funds are discussed below:- Continue reading