A mutual fund is an investment vehicle that pools money from multiple investors to put into a diversified portfolio of stocks, bonds, and other securities. Mutual funds offer individuals a convenient way to invest in various assets, providing diversification and professional management. In this blog, we"ll navigate the many types of mutual funds. Whether you"re an experienced investor or only starting, our guide should help you make informed decisions when deciding the best mutual fund for investment.
Types of Mutual Funds Based on Asset Class
There can be various differentiating factors when naming the types of mutual funds. Going by asset class, here they are: