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What are the basic types of mutual funds?

April 26, 2017BASIC Mutual funds types

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What are the basic types of mutual funds?

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There are four basic types of mutual funds: stock (also called equity), bond, hybrid (which invest in a mix of stocks and bonds), money market (referred to as short term funds because they invest in securities that generally mature in about one year or less.

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There are literally thousands of different mutual funds, but the basic types include growth funds that invest in stocks, income funds that invest in bonds, and money market mutual funds that invest in short-term cash equivalents. Within each of these broad categories, however, there can be many sub-types. Ask your Financial Advisor for more information.