A mutual fund is simply a financial intermediary that allows a group of investors to collect their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the collective money into specific securities (usually stocks or bonds).

Different kind of schemes we have which are as under:

• Equity or growth schemes.
• Money market funds or liquid funds
• Fixed income or debt mutual funds
• Balanced funds
• Hybrid / Monthly income plans (MIP)