📌 Types of Mutual Funds (Based on Objectives)
Hello everyone! 👋 Today we’re diving into another important topic in the world of financial markets — Types of Mutual Funds based on objectives. Why is this important? 🤔 Because once you understand the purpose of each type of mutual fund, investing becomes less confusing and a lot more fun. 👉 If you’re new to mutual funds and want to first learn the basics, check out my earlier blog “Mutual Fund Basics” (I’ll link it here for you). So, without further ado, let’s explore the different types of mutual funds 👇 1️⃣ Equity or Growth Funds Goal: Capital Appreciation (growing your money). Invest mainly in equity shares (stocks) . Best suited for: Investors looking for long-term growth and ready to take some risks. ✨ Think of it like planting a mango tree today—you’ll need patience, but later, you’ll enjoy lots of fruits. Sub-types of Equity Funds: a. Diversified Mutual Funds 🍱 Invest in shares across multiple sectors. Lower risk compared to investing in j...