Different types of mutual funds include equity funds which invest majority of funds into equity, debt funds that invest in debt papers, balanced mutual funds which are a combination of equity and debt funds, growth schemes where gains are reinvested, dividend funds that distribute part of gains to investors form time to time, SIP funds where you can invest regularly and many others. How do you decide which fund or scheme to invest in? Determine your goals first like whether you want a stable income or high returns, short term investment or long term capital gains etc…
