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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.

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