Submitted by Financeman on May 29, 2008 - 12:13am.
There are mainly 4 types of mutual funds.
1. Equity based Mutual funds(also known as growth mutual funds)- These funds are mainly stock market oriented and all the pooled fund is invested in various stocks.
2. Debt mutual funds- The moeny in this type of funds are invested primarily in secured financial instruments and has a lower return on investment.
3. Money market funds- These funds invest in short term money market instruments and yeild short term returns.
After a 14 week winning streak
the Sensex has broken the momentum by showing an inter week fall. It’s been a
period which has been very successful for the bulls. They’ve been on the march
for the past one hundred days .Market watchers have been skeptical though, saying that
the period is not yet ripe for the birth of a new bull market. This could have
been a ‘fake rally’ with investors sizing up their positions. Nonetheless even
though the market has broken the winning streak it is still a good thing
because the Sensex is now at a position where it can consolidate. 