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What are the Types of Mutual Funds - Prerna Chatterje

Mutual Funds can be measured based on these three parameters. They are: 1. Tenure: There are two types of tenure, Long-term tenure and short-term tenure. When you want to invest in Mutual Funds first you need to set out the goals. 2. Tax Benefit: Not every mutual fund gives you a tax benefit. Elss is one type of mutual fund which gives you a tax benefit. 3. Asset class: Asset class is divided into 4 types they are equity, debt funds, balanced fund and liquid mutual fund. To Learn Money Everyday, Subscribe to our YouTube Channel - http://bit.ly/2gjv2mu and hit the bell icon to receive regular notifications.

 
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