Types Of Mutual Funds
As per SEBI guidelines on Categorization and Rationalization of schemes issued in October 2017, mutual fund schemes are classified as :
- Equity Schemes
- Debt Schemes
- Hybrid Schemes
- Solution Oriented Schemes – For Retirement and Children
- Other Schemes – Index Funds & ETFs and Fund of Funds
While these types will be discussed in greater detail in subsequent articles, here is a diagram giving a brief overview of classification scheme of mutual funds: