Types of Mutual Funds
There are different types of mutual funds, depending on either the assets they invest in or the goals they work towards. Here's an easy breakdown:
By Asset:
1. Equity Funds (Stocks): Investing in shares of companies
2. Debt Funds (Bonds): Investing in bonds and other fixed-income securities.
3. Money Market Funds: Invest in low-risk, short-term instruments like government treasury bills or commercial papers. This are great for safe, short-term investment.
4. Hybrid Funds: Combine stocks and bonds to provide both growth and stability.
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