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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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Top 10 Tax Saver Mutual Funds for  2018

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1. DSP BlackRock Tax Saver Fund

2. Tata India Tax Savings Fund 

3. Birla Sun Life Tax Relief 96

4. Sundaram Diversified Equity Fund

5. ICICI Prudential Long Term Equity Fund

6. Invesco India Tax Plan

7. Franklin India TaxShield 

8. Reliance Tax Saver (ELSS) Fund

9. BNP Paribas Long Term Equity Fund

10. Axis Tax Saver Fund


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