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
