Types of Mutual Funds

>Equity mutual funds invest in shares of common stocks.
>Fixed-Income mutual funds invest in government or corporate securities which offer fixed rates of return.
>Balanced mutual funds invest in a combination of both stocks and bonds.
>Money market mutual funds for high stability of principal, liquidity and income.
>Bond mutual funds, both tax-exempt and taxable funds to generate income.
>Specialty/Sector mutual funds to diversify holdings within an industry.