Classification of Mutual Funds

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Mutual funds can be classified below

Classification based on structure and management style
Open Ended Funds
Closed Ended Funds
Unit Trusts

Classification based on type of investment assets
Equity Funds
Bond Funds
Gilt Funds
Money Market Funds
Asset Allocation Funds
Sector Funds
Index Funds
Commodity Funds

Classification based on investment objective
Growth Funds
Income Funds
Balanced Funds

Classification based on dividend payment
These are basically options available to the investors rather than a specific category.
Dividend Pay out
Dividend Reinvest
Growth

Classification based on Tax benefits
ELSS Funds

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Sathish Emmadi

Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.

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  2. History of Mutual Funds
  3. Classification of bonds
  4. Income Tax saving idea : ELSS Mutual funds & ULIPS
  5. What is a Mutual Fund?

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