{"id":1651,"date":"2020-09-06T12:58:37","date_gmt":"2020-09-06T12:58:37","guid":{"rendered":"http:\/\/blog.budwisefunds.com\/?p=1651"},"modified":"2020-12-08T11:24:49","modified_gmt":"2020-12-08T11:24:49","slug":"different-types-of-mutual-funds-a-detailed-analysis","status":"publish","type":"post","link":"https:\/\/budwisefunds.com\/blog\/different-types-of-mutual-funds-a-detailed-analysis\/","title":{"rendered":"Different Types Of Mutual Funds &#8211; A Detailed Analysis"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">We are pretty much sure that most of you must have listened to the name of different types of mutual funds by now. But all of you might not have an exact idea of what these are and how this works.<\/span><\/p>\n<p><strong><span style=\"font-size: 24px;\">Further Reading: <a href=\"https:\/\/www.mutualfundssahihai.com\/en\/what-are-various-types-mutual-funds\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Fund Sahi Hai<\/a><\/span><\/strong><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> So, for the sake of those individuals, we will quickly explain what mutual funds are and how many different types of mutual funds.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Mutual funds can be defined as an investment vehicle that channelizes investors&#8217; savings in various predefined asset classes like equity shares, debt instruments or gold and distributes the returns generated from the underlying assets among the investors. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">They are very flexible in nature as an investor can invest either in a lump sum amount or through SIPs (investing monthly\/quarterly\/half-yearly).<\/span><\/p>\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6495755798120621\" data-ad-slot=\"6499025866\"><\/ins> <script><br \/>\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\n<\/script><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">We usually restrain our self from investing in a new product and keep ourselves at bay. But answer one thing, how could you judge anything without even trying it? <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Most of you might have a misconception that investing in mutual funds means welcoming risk, which is not true at all.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> There are Different Types Of Mutual Funds schemes, which are open for subscription to all the investors which they can choose based on their risk appetite. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">If you are an investor who cannot afford to take much risk then you may park your funds in safer schemes while on the other hand if you are an aggressive investor then you may invest in equity schemes and earn higher risk-adjusted returns.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">So in this blog, we are going to discuss the different schemes offered by various fund houses. These schemes can be broadly categorized into equity, debt and hybrid schemes.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>EQUITY SCHEMES<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Most of the equity schemes are mandated to invest at least 65% of its assets in equity and equity-related instruments.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> Though this percentage varies from scheme to scheme like for example ELSS and large-cap funds are required to invest 80% of their assets inequities. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The underlying risk of these schemes on riskometer may vary from moderately high to high. There are various kinds of funds under the equity category which have been discussed below one by one.<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Large Cap Fund<\/strong><\/span><\/h3>\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6495755798120621\" data-ad-slot=\"6499025866\"><\/ins> <script><br \/>\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\n<\/script><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Large-cap funds can be considered as relatively safer schemes than the other equity schemes as these funds direct 80% of the assets in bluechip companies like Reliance, ITC, HDFC Bank, etc. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">SEBI regulations have mandated these schemes to invest only in the <strong>top 100<\/strong> companies (in terms of market capitalization). <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These large or bluechip companies are relatively safe bets as these companies possess stable operations and have good revenue visibility. One can expect to earn returns of around 12% out of these schemes.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>Mid Cap Fund<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest in those companies which are on a growth trajectory and have proved themselves as successful enterprises. \u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">As per SEBI mandate these funds have to invest only in those companies which fall in between <strong>101th \u2013 250th<\/strong> based on the market cap. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds direct a minimum of 65% of the assets under management towards mid-cap companies only. One can expect to earn returns of around 15% of these schemes.<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Small-Cap Funds<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Small-cap schemes are the riskiest one than the above two as these schemes invest 65% of its assets in small-cap companies. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These schemes should only be looked at by aggressive investors who can bear the volatility of these funds. These schemes are able to generate astonishing returns of around 18% or more in the long term as these schemes have a much wider universe of companies to choose from. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">As per SEBI regulations, these funds can invest in the rest of the companies (251st <strong>onwards<\/strong> in terms of full market capitalization).<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>ELSS<\/strong><\/span><\/h3>\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6495755798120621\" data-ad-slot=\"6499025866\"><\/ins> <script><br \/>\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\n<\/script><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Equity-linked savings schemes or ELSS also invests 80% of the total assets in equity and equity-related instruments.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> The regulations do not mention whether the assets have to be allocated in large-cap companies or mid or small companies. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Hence these funds are free to invest in the whole equity universe. Also, investments in these funds qualify for tax deduction up to 1.5 lacs under section 80C of the Income Tax Act, 1961. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These schemes come with a lock-in period of 3 years which is, however, the lowest among any other tax saving instrument.<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Multi-Cap Fund<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Multi cap schemes are the diversified funds which invest in a mix of large-cap, mid-cap and small-cap stocks. These funds provide flexibility to the fund managers as they can change the asset allocation as per the market conditions. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds are required to invest a minimum of 65% of the assets in equity and equity-related instruments.<\/span><\/p>\n<h4><span style=\"font-size: 20px; color: #000000;\"><strong>Large &amp; Mid Cap Fund<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These schemes invest in both large and mid-cap companies. The minimum investment in each of these categories is set at 35% of the total assets. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The idea of proposing these schemes is to provide the dual benefit of high return of mid-cap stocks and safety of large-cap stocks to the investors in one scheme.<\/span><\/p>\n<h2 class=\"entry-title\">Also Read: <a href=\"https:\/\/budwisefunds.com\/blog\/section-54-ec-invest-your-capital-gains-in-capital-gain-bonds\/\" rel=\"bookmark\">SECTION 54 EC \u2013 Invest your capital gains in capital gain bonds<\/a><\/h2>\n<h4><span style=\"font-size: 20px; color: #000000;\"><strong>Dividend Yield Fund<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These schemes predominantly invest 65% of the total assets in listed entities which declare high dividends.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> The main focus of these schemes is on generating income for the investor through dividends along with the capital appreciation in the stock prices.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Value Fund\/ Contra fund**<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">This category of mutual funds follows a particular strategy for the selection of stocks and directs at least 65% of the scheme\u2019s assets towards such stocks.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> Value funds follow a strategy called value investing whereas contra funds take contrarian bets for picking stocks.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">For example, value funds will pick only those stocks which are available at a discount while contra funds will invest in only those sectors or stocks which are currently distressed.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>**<\/strong> AMCs will be permitted to offer either a value fund or contra fund.<\/span><\/p>\n<h4><span style=\"font-size: 20px; color: #000000;\"><strong>Focused Fund <\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These are the open-ended schemes which define the maximum number of stocks in which the fund will take an exposure. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The maximum number of stocks a fund in this category can hold is capped at 30. Like other equity schemes, this fund also has to invest at least 65% of the assets in equity and equity-related instruments.<\/span><\/p>\n<h4><span style=\"font-size: 20px; color: #000000;\"><strong>Sectoral \/ Thematic Fund<\/strong><\/span><\/h4>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds have to invest at least 80% of the total asset in a particular sector for which the scheme has been floated. These are the riskiest funds and should only be looked at by those investors who can keep up with the volatility.<\/span><\/p>\n<table style=\"width: 100%; height: 927px;\">\n<tbody style=\"vertical-align: middle;\">\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>SCHEME NAME<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>TIME HORIZON <\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>RISKOMETER<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 171px;\">\n<td style=\"text-align: center; height: 171px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Large Cap Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 171px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Minimum of 3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 171px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px;\"><strong>Mid Cap Fund<\/strong><\/span><span style=\"font-size: 16px;\"><strong>\u00a0<\/strong><\/span><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>5 \u2013 7 years+<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Small Cap Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px;\"><strong>\u00a0<\/strong><\/span><span style=\"font-size: 16px;\"><strong>7 years+<\/strong><\/span><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px;\"><strong>Focused Fund<\/strong><\/span><span style=\"font-size: 16px;\"><strong>\u00a0<\/strong><\/span><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Minimum 5 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Value Fund\/ Contra fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Minimum 5 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Dividend Yield Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Minimum 5 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Large &amp; Mid Cap Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Minimum 5 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Multi Cap Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Minimum 5 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1653\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-1.png\" alt=\"\" width=\"242\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 29.2754%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Sectoral \/ Thematic Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.8406%;\"><span style=\"font-size: 16px; color: #000000;\"><strong>Minimum 5 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.4348%;\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1652\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-2.png\" alt=\"\" width=\"244\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; color: #000000;\"><strong>\u00a0<\/strong><strong>DEBT SCHEMES<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The investors who cannot stomach the volatility of the equity markets and are looking for generating some stable income can look to invest in debt schemes. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The risk grade of debt schemes may vary from low to moderate. Debt schemes generally invest in money market instruments, corporate bonds, and government securities. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">An investor should even choose debt schemes wisely based on his\/her liquidity needs, risk appetite and time horizon as in the absence of due consideration you might get stuck with a scheme which is not suitable for you.<\/span><\/p>\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6495755798120621\" data-ad-slot=\"6499025866\"><\/ins> <script><br \/>\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\n<\/script><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Overnight Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest in those debt securities having a maturity of only 1 day. The funds are reinvested every other day in other debt securities. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">This is the recent most category which was introduced by the SEBI and has been placed above liquid funds in terms of risk. Parked funds can be withdrawn the very next day and even without any exit load.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>Liquid Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Liquid funds invest in debt and money market securities having a maturity of up to 91 days. Recently a graded exit load has been imposed on withdrawals up to 7 days. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Also, recent changes in the regulation of these funds have made them more transparent and a little volatile. One can compare the returns of liquid funds with that of interest on the savings account.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Ultra Short Duration Fund <\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest in debt and money market instruments such that the Macaulay duration<strong>*<\/strong> of the whole portfolio remains in between 3-6 months.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Low Duration Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest in debt and money market instruments such that the Macaulay duration<strong>*<\/strong> of the whole portfolio remains in between 6-12 months.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Money Market Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These open-ended schemes invest in money market instruments having the maturity of up to 1 year. These schemes generally have a moderately low risk.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Short Duration Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Short duration funds invest in such a manner that the Macaulay duration* of the portfolio remains in between 1 year \u2013 3 years and also these funds invest only in debt and money market instruments.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Medium Duration Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest in debt and money market instruments such that the Macaulay duration* of the overall portfolio is between 3-4 years. These funds can be more volatile than any of the above-mentioned categories.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Medium to Long Duration Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest in debt and money market instruments such that the Macaulay duration* of the overall portfolio remains in between 4-7 years.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Long Duration Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Long duration funds hold long term debt and money market instruments. These funds are required to keep the Macaulay duration* of the portfolio above 7 years.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Dynamic Bond<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These open-ended mutual fund schemes can invest in debt instruments across all durations. The fund manager can modify the duration based on his call on market interest rates.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Corporate Bond Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The corporate bond schemes invest at least 80% of the scheme&#8217;s assets in bonds issued by corporate. The assets must be invested in the highest-rated instruments only.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Credit Risk Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Credit risk funds usually bet on fairly ranked instruments. These schemes need to invest 65% of the total assets in corporate bonds which are not among the highest-rated instruments.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Banking and PSU Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These bonds can also be considered as quasi-sovereign bonds as these schemes invest 80% of total assets in debt instruments issued by banks, public sector undertakings and public financial institutions.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Gilt Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Gilt funds invest 80% of the assets of the scheme in the government securities or G-secs across different maturities.<\/span><\/p>\n<h2 class=\"entry-title\">Also Read: <a href=\"https:\/\/budwisefunds.com\/blog\/does-mutual-funds-offer-the-scheme-of-my-choice-a-detailed-overview-of-all-schemes-offered-by-mutual-funds\/\" rel=\"bookmark\">Does mutual funds offer the scheme of my choice? A detailed overview of all schemes offered by mutual funds<\/a><\/h2>\n<p><span style=\"font-size: 20px; color: #000000;\"><strong>Floater Fund<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest 65% of the assets in instruments bearing floating or variable rate of interest. The interest payable on these underlying bonds fluctuates with the underlying interest rate level.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>*MACAULAY DURATION \u2013 It is the weighted average time period over which the cash flows from the various bond holdings are received:<\/strong><\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>SCHEME NAME<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>TIME HORIZON<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong>RISKOMETER<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Overnight Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>Investment can be made even for 1 day<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1656\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-3.png\" alt=\"\" width=\"244\" height=\"162\" \/><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"color: #000000;\"><span style=\"font-size: 16px;\"><strong>Liquid Fund<\/strong><\/span><span style=\"font-size: 16px;\"><strong>\u00a0<\/strong><\/span><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>Investment to be made for at least 7 days to avoid any exit load<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong> <span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1656\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-3.png\" alt=\"\" width=\"244\" height=\"162\" \/><\/span><\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Ultra Short Duration Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3-6 months<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1654\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-4.png\" alt=\"\" width=\"244\" height=\"168\" \/><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Low Duration Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>6-12 months<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1654\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-4.png\" alt=\"\" width=\"244\" height=\"168\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Money Market Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>Up to 1 year<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1654\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-4.png\" alt=\"\" width=\"244\" height=\"168\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Short Duration Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>1-3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong> <span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1654\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-4.png\" alt=\"\" width=\"244\" height=\"168\" \/><\/span><\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Corporate Bond Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong> <span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1654\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-4.png\" alt=\"\" width=\"244\" height=\"168\" \/><\/span><\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Floater Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>1 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1654\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-4.png\" alt=\"\" width=\"244\" height=\"168\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Medium to Long Duration Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>4-7 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1655\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-5.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"color: #000000;\"><span style=\"font-size: 16px;\"><strong>Long Duration <\/strong><\/span><span style=\"font-size: 16px;\"><strong>Fund<\/strong><\/span><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>7 years +<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1655\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-5.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Dynamic Bond<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1655\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-5.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Medium Duration Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3-4 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1655\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-5.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Credit Risk Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1655\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-5.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Banking and PSU Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1655\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-5.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; width: 29.5652%;\" width=\"192\"><span style=\"font-size: 16px; color: #000000;\"><strong>Gilt Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.4058%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>7 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.5797%;\" width=\"262\"><span style=\"font-size: 16px; color: #000000;\"><strong><span style=\"color: #000000;\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1655\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-5.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/span>\u00a0<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 20px; color: #000000;\"><strong>HYBRID SCHEMES<\/strong><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Hybrid schemes usually invest in a mix of asset classes like debt, equity and gold ETFs.\u00a0 These schemes may be suitable for those individuals who want to take exposure in multiple asset classes simultaneously. These schemes have also been categorized based on the allocation in different asset classes.<\/span><\/p>\n<p><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script> <ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6495755798120621\" data-ad-slot=\"6499025866\"><\/ins> <script><br \/>\n     (adsbygoogle = window.adsbygoogle || []).push({});<br \/>\n<\/script><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Conservative Hybrid Fund<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds invest in a mix of equity and debt instruments. However, these schemes invest predominantly in only debt instruments.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> The investment in equity and equity-related instruments may vary from 10% to 25% while investment in debt instruments varies from 75% to 90% of the total assets.<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Balanced\/ Aggressive Hybrid Fund**<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">These funds direct most of the scheme&#8217;s assets towards equity and equity-related instruments. As per SEBI regulations, balanced funds should invest in debt and equity in the proportion of 40%-60% each. While in case aggressive hybrid funds the allocation inequity should be in between 65%-80% while in debt instruments it should be in between 20% to 35%.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Remember balanced funds will not be treated as equity funds for tax treatment because the maximum allocation in these funds is capped at 60% (required 65%) whereas aggressive funds will be treated as equity funds for tax treatment.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>**<\/strong> AMCs are permitted to offer either a balanced fund or an aggressive fund.<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Dynamic Asset Allocation or Balanced Advantage<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">While the above two have to mandatorily invest as per the limits prescribed by SEBI but there are no limits defined for this particular scheme.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> This enables a fund manager to take exposure from 0% to 100% in any of the asset class i.e. debt or equity. But these schemes usually maintain their exposure in equities at 65% through arbitrage and hence qualify for the tax treatment similar to that of equity schemes.<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Multi-Asset Allocation<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Multi-asset allocation funds need to invest in a minimum of three asset classes. The minimum exposure in any of these asset classes should be at least 10% of the total assets. These funds usually invest in debt, equity and gold ETF\u2019s.<\/span><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Arbitrage Fund<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Arbitrage funds are those funds which look for opportunities of price differences in two markets and exploit them in order to earn returns.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"> These funds have to direct 65% of the assets towards equity and equity-related instruments but still, these funds are relatively safer bets as these funds lock into the spread and generate returns. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">One can expect to earn around 7%, along with the benefit of the tax treatment of equity funds.<\/span><\/p>\n<p><strong><span style=\"font-size: 24px;\">Further Reading: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/httpswww-moneycontrol-comnewsbusinessmutual-funddifferent-types-of-mutual-fund-pf11-4637921.html\" target=\"_blank\" rel=\"noopener noreferrer\">Money Control<\/a><\/span><\/strong><\/p>\n<h3><span style=\"font-size: 20px; color: #000000;\"><strong>Equity Savings<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">This open-ended scheme invests in a mix of both debt and equity instruments with a minimum investment at 10% and 65% respectively and also follows the arbitrage strategy to generate steady returns for the investors.<\/span><\/p>\n<table style=\"width: 100%; height: 476px;\" width=\"641\">\n<tbody>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 30%;\" width=\"196\"><span style=\"font-size: 16px; color: #000000;\"><strong>SCHEME NAME<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.2609%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>SUITABILITY<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.2899%;\" width=\"261\"><span style=\"font-size: 16px; color: #000000;\"><strong>RISKOMETER<\/strong><\/span><\/td>\n<\/tr>\n<tr style=\"height: 84px;\">\n<td style=\"text-align: center; height: 84px; width: 30%;\" width=\"196\"><span style=\"font-size: 16px; color: #000000;\"><strong>Conservative Hybrid Fund<\/strong><\/span><span style=\"font-size: 16px; color: #000000;\"><strong>\u00a0<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.2609%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.2899%;\" width=\"261\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1657\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-6.png\" alt=\"\" width=\"245\" height=\"162\" \/><\/td>\n<\/tr>\n<tr style=\"height: 108px;\">\n<td style=\"text-align: center; height: 108px; width: 30%;\" width=\"196\"><span style=\"font-size: 16px; color: #000000;\"><strong>Balanced\/ Aggressive Hybrid Fund<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 108px; width: 28.2609%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 108px; width: 40.2899%;\" width=\"261\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1657\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-6.png\" alt=\"\" width=\"245\" height=\"162\" \/><\/td>\n<\/tr>\n<tr style=\"height: 108px;\">\n<td style=\"text-align: center; height: 84px; width: 30%;\" width=\"196\"><span style=\"font-size: 16px; color: #000000;\"><strong>Dynamic Asset Allocation or <\/strong><\/span><span style=\"font-size: 16px; color: #000000;\"><strong>Balanced Advantage<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 28.2609%;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 84px; width: 40.2899%;\" width=\"261\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1657\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-6.png\" alt=\"\" width=\"245\" height=\"162\" \/><\/td>\n<\/tr>\n<tr style=\"height: 188px;\">\n<td style=\"text-align: center; width: 30%; height: 54px;\" width=\"196\"><span style=\"font-size: 16px; color: #000000;\"><strong>Equity Savings<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.2609%; height: 54px;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; height: 54px; width: 40.2899%;\" width=\"261\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1657\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-6.png\" alt=\"\" width=\"245\" height=\"162\" \/><\/td>\n<\/tr>\n<tr style=\"height: 188px;\">\n<td style=\"text-align: center; width: 30%; height: 52px;\" width=\"196\"><span style=\"font-size: 16px; color: #000000;\"><strong>Multi Asset Allocation<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.2609%; height: 52px;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.2899%; height: 52px;\" width=\"261\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1658\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-7.png\" alt=\"\" width=\"245\" height=\"167\" \/><\/td>\n<\/tr>\n<tr style=\"height: 10px;\">\n<td style=\"text-align: center; width: 30%; height: 10px;\" width=\"196\"><span style=\"font-size: 16px; color: #000000;\"><strong>Arbitrage Fund<\/strong><\/span><span style=\"font-size: 16px; color: #000000;\"><strong>\u00a0<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 28.2609%; height: 10px;\" width=\"184\"><span style=\"font-size: 16px; color: #000000;\"><strong>3 years<\/strong><\/span><span style=\"font-size: 16px; color: #000000;\"><strong>\u00a0<\/strong><\/span><\/td>\n<td style=\"text-align: center; width: 40.2899%; height: 10px;\" width=\"261\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-1659\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-8.png\" alt=\"\" width=\"244\" height=\"168\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 20px;\"><strong>CONCLUSION<\/strong><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 20px;\">So, as you have seen that the universe of mutual funds schemes is too big and there are plenty of options available for the investors to choose from. An investor can opt for any of these schemes based on his\/her risk appetite, time horizon and goals.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #000000; font-size: 20px;\">For example, if an investor can keep up with the volatility of the equity markets then he\/she may pick equity schemes while if the investors\u2019 main objective is the protection of capital then he\/she may park their funds in overnight or liquid funds.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><img loading=\"lazy\" id=\"dtomfada\" class=\"size-medium wp-image-562 aligncenter\" src=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-300x88.png\" alt=\"\" width=\"300\" height=\"88\" srcset=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-300x88.png 300w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1024x299.png 1024w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-768x224.png 768w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1536x449.png 1536w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-2048x598.png 2048w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1200x350.png 1200w, https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2019\/08\/download-pdf-button-1-1980x578.png 1980w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are pretty much sure that most of you must have listened to the name of different types of mutual funds by now. But all of you might not have&hellip; <\/p>\n","protected":false},"author":1,"featured_media":1660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Different Types Of Mutual Funds - A Detailed Analysis<\/title>\n<meta name=\"description\" content=\"There are Different Types Of Mutual Funds schemes, which are open for subscription to all the investors which they can choose based...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/budwisefunds.com\/blog\/different-types-of-mutual-funds-a-detailed-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Different Types Of Mutual Funds - A Detailed Analysis\" \/>\n<meta property=\"og:description\" content=\"There are Different Types Of Mutual Funds schemes, which are open for subscription to all the investors which they can choose based...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/budwisefunds.com\/blog\/different-types-of-mutual-funds-a-detailed-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"Budwisefunds Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-06T12:58:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-08T11:24:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/budwisefunds.com\/blog\/wp-content\/uploads\/2020\/02\/DIFFERENT-TYPES-OF-MUTUAL-FUNDS-A-DETAILED-ANALYSIS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Budwisefunds\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/budwisefunds.com\/blog\/#website\",\"url\":\"https:\/\/budwisefunds.com\/blog\/\",\"name\":\"Budwisefunds Blog\",\"description\":\"Personal Finance &amp; 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