Why are there Different Kinds of Mutual Fund Schemes?
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Different Kinds of Mutual Fund Schemes
There are different kinds of mutual fund schemes because Mutual funds seek to mobilize money from all possible investors. Various investors have different investment preferences and needs. To accommodate these preferences, mutual funds mobilize different pools of money. Each such pool of money is called a mutual fund scheme.
Every scheme has a pre-announced investment objective. Investors invest in a mutual funds scheme whose investment objective reflects their own needs and preference.
Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.