What are the various types of mutual funds?
Mutual Fund plans come in a variety of shapes and sizes to meet the demands of different people. Mutual funds are divided into three categories. Equity or Growth Funds · These mostly invest in stocks or company shares. · The fundamental goal is to build wealth or increase capital. · They have a larger return potential and are best used for long-term investments. " Large Cap " funds, for example, invest mostly in corporations that operate large, well-established businesses. “Mid Cap” funds invest in mid-sized businesses. Funds that invest in medium-sized businesses. Funds that invest in tiny businesses are known as " small-cap " funds. Multi-cap funds invest in a mix of large, mid-sized, and small businesses. Funds that invest in companies that are related to one sort of business are known as "sector" funds. Technology fund...