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Updated on : 6 May, 2018

Mutual Funds - Features

Content :

What are Mutual Funds?

A mutual fund is a financial intermediary that pools funds of a group of investors and invests the pooled money with a predetermined investment objective. All mutual fund have a fund managers who take decisions regarding investing the collected money into specific securities i.e. equity shares, debentures, bonds or other securities. A person on investing in a mutual fund, buys units or shares of the mutual fund and thus he or she becomes a unit holder or share holder of the fund.

Types of Mutual Funds

Mutual funds can be classified under various categories on the basis of their structure and objective. Some major types are listed below :

Categories by structure:

Categories by Return:

Categories by Objective:

Mutual Funds and Tax Saving

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