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What is Types of Mutual Funds Explained about?

There are several types of mutual funds that allow investors to choose based on their goals, risk tolerance, investment amount and time horizon. Open-ended funds can be purchased or sold at any time and include debt/income funds for steady income, money market/liquid funds for short-term investing, and equity/growth funds for long-term capital appreciation. Closed-ended funds have a fixed maturity date and can only be purchased during the initial launch; these include fixed maturity plans (FMPs) that invest

Author

Sarath P Babu

Language

EN