So you have decided to buy a mutual fund but you are not sure what type of mutual fund to invest in. Well, let's take a look at the different types of mutual money you must select from. The two main categories of mutual money are: Equity, Bond, and Mixed. Equity money invest in stocks, bond fund invest in bonds, and mixed money invest in both stocks and bonds.
Another popular type of mutual fund is a sector fund. This is similar to an index fund except it's a narrower focus. Specific types of sector mutual money are utilities, natural resources, technology, biotech, pharmaceuticals, and energy. Fundamentally, a sector mutual fund is a group of stocks from a specific industry. If your sector does well your mutual fund will do well. If your sector performs poorly, your mutual fund will suffer....
Another popular type of mutual fund is a sector fund. This is similar to an index fund except it's a narrower focus. Specific types of sector mutual money are utilities, natural resources, technology, biotech, pharmaceuticals, and energy. Fundamentally, a sector mutual fund is a group of stocks from a specific industry. If your sector does well your mutual fund will do well. If your sector performs poorly, your mutual fund will suffer....
