What are the different types of mutual funds?
An example of an AI chatbot conversation about types of mutual funds.
What are the different types of mutual funds?
There are several types of mutual funds, including equity funds, debt funds, hybrid funds, and index funds. Would you like to know more about any specific type?
Yes, can you explain equity funds?
Equity funds invest primarily in stocks and aim for capital growth. They can be high-risk but offer high returns over time.
What about debt funds?
Debt funds invest in fixed-income securities like bonds and are generally considered safer than equity funds, providing steady returns.
Are there any risks associated with mutual funds?
Yes, mutual funds carry risks such as market risk, credit risk, and interest rate risk, depending on the type of fund.
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