Mutual Funds Day 28: Money Market Funds

In the last Chapter, we learned about overnight and liquid funds. Money market funds are also fixed income instruments but quite different from normal debt funds. Debt funds and money markets are traded separately wherein the debt markets are open for retail participants whereas the money market is a wholesale marketplace. Money market funds usually…

Today we will discuss the main classification of Mutual Funds

1. Equity 2. Debt 3. Hybrid Equity mutual funds mean the entire investments will go into buying shares of different companies. These types of mutual funds are further divided into 1. index funds 2. large cap 3. mid cap 4. small cap 5. flexi cap 6. elss tax saver 7. sector funds Debt funds mean — the…