WHAT ARE DIFFERENT TYPES OF MUTUAL FUNDS YOU SHOULD KNOW ABOUT?
There are different types of mutual funds in India depending on their structure, nature of investment, tax benefits, category of the scheme and investor goals etc. Based on these factors there can be two types of mutual fund schemes:-
We have seen what the types of mutual funds, however, are from a tax perspective there are only two types of mutual funds in India – equity funds and non-equity funds. Equity funds should have at least 65% exposure to equity or equity related securities
Disclaimer:
An Investor Education and Awareness Initiative by Mirae Asset Mutual Fund. All Mutual Fund investors have to go through a one-time KYC (Know Your Customer) including the process for change in address, Phone number, bank details, etc. Investors should deal only with registered Mutual Funds details of which can be verified on SEBI website (https://www.sebi.gov.in) under ‘Intermediaries /Market Infrastructure Institutions’. For further information on KYC, RMFs and procedure to lodge a complaint in case of any grievance, you may refer the Knowledge Centre section available on the website of Mirae Asset Mutual Fund. Investors may lodge complaints on https://www.scores.gov.in against registered intermediaries if they are unsatisfied with the responses. SCORES facilitate you to lodge your complaint online with SEBI and subsequently view its status.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.