WHAT ARE DIFFERENT TYPES OF MUTUAL FUNDS YOU SHOULD KNOW ABOUT?
There are different types of mutual funds in India depending on their structure, nature of investment, tax benefits, category of the scheme and investor goals etc. Based on these factors there can be two types of mutual fund schemes:-
We have seen what the types of mutual funds, however, are from a tax perspective there are only two types of mutual funds in India – equity funds and non-equity funds. Equity funds should have at least 65% exposure to equity or equity related securities