Types of Mutual Funds
- Equity mutual funds invest in shares of common stocks.
- Fixed-Income mutual funds invest in government or corporate securities which offer fixed rates of return.
- Balanced mutual funds invest in a combination of both stocks and bond
- Money market mutual funds for high stability of principal, liquidity and income.
- Bond mutual funds, both tax-exempt and taxable funds to generate income.
- Specialty/Sector mutual funds to diversify holdings within an industry.