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Mutual Funds Categories




Mutual Funds can be broadly categorized into:
  1. Liquid Schemes,
  2. Debt Schemes,
  3. Equity Schemes,
  4. Hybrid
  5. Schemes,
  6. Gold funds
.
Liquid Funds:
»
Liquid Schemes invest in short term (below one year) debt instruments like Certificates of Deposit, Commercial Paper and Treasury
bills.
»
They can give an average return of 6-7%.
»
They can be used as an alternative to savings account.
»
They can be used to meet very short term life goals.
Debt Funds:

»
They invest in long term (More than 1 year) debt instruments like government bonds, corporate bonds etc.
»
They can be considered as an alternative to bank fixed deposits.
»
Investors in high tax bracket can consider these schemes as an alternative to bank fixed deposits to reduce the taxes.

Equity Funds:

»
Equity MF schemes provide the best alternative to direct equity investment.
»
Over a long period, equities have the potential to outperform all other asset classes.
»
To meet long term life goals, equity schemes can be considered.
»
Equity funds can be sub-categorized as largecap, midcap, smallcap and multicap

Hybrid Funds:

»
Monthly Income Plans (MIP) and Balanced Schemes come under this category.
»
These schemes have got the name hybrid as they invest in both equity and debt also.
»
MIP is suitable to investors who want monthly cash flows.
»
Balanced schemes are suitable to investors who want to take an exposure to equity without undue risk.
»
There are also other sub categories such as asset allocation, arbitrage, FOFs and Capital Protection Funds.

Gold Funds:

»
Gold funds can be categorized into:
»
Funds which invest in gold mining companies.
»
Gold Exchanged Traded Funds (ETF).
»
Funds which invest in the units of Gold ETFs.




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