Equity funds
Invest mainly in company shares, across different sizes and sectors.
Your money is pooled with other investors and invested in listed companies. Sub-categories differ by the size of company held — large, mid, small — and by how concentrated or flexible the mandate is.
- Tends to suit
- Money you will not need for several years, and a tolerance for seeing the value fall in between.
- Worth knowing
- These move with the market and can fall sharply. A fall of a third in a bad year is not unusual, and recovery is not on a schedule.
Debt funds
Invest in bonds and other interest-bearing instruments.
Categories run from overnight and liquid funds, through short duration, to long duration and credit-risk funds. They differ in how sensitive they are to interest rates and to the creditworthiness of what they hold.
- Tends to suit
- Shorter horizons, or the part of a plan where stability matters more than growth.
- Worth knowing
- Lower volatility is not no volatility. Debt funds can and do fall, through interest-rate moves or a default in the portfolio. They are not deposits and nothing is guaranteed.
Hybrid funds
Hold a mix of equity and debt in one scheme.
The split varies by sub-category — conservative, balanced, aggressive, dynamic. Some rebalance automatically between the two as markets move.
- Tends to suit
- Someone who wants a single scheme to hold both, rather than managing the balance themselves.
- Worth knowing
- The mix is set by the scheme, not by you. Check what the actual equity share is before assuming it matches your own comfort.
Index funds and ETFs
Track an index rather than trying to beat it.
The fund buys what the index holds, in the same proportions. Costs are usually lower than an actively managed scheme because there is no research team picking stocks.
- Tends to suit
- Anyone who would rather take the market's result at low cost than bet on a manager.
- Worth knowing
- Tracking an index means falling with it too. There is no manager to step aside in a bad year, and tracking is never perfect.
ELSS (tax-saving funds)
Equity funds that carry a deduction under the old tax regime, with a three-year lock-in.
Equity Linked Savings Schemes invest like other equity funds but each instalment is locked for three years from the date of that instalment.
- Tends to suit
- Someone on the old tax regime who wants the deduction and accepts equity risk and the lock-in.
- Worth knowing
- The deduction is not available under the new tax regime, which is now the default. Check which regime you are on before investing for this reason, and remember the lock-in applies instalment by instalment.
Shariah-screened funds
Schemes that follow a Shariah mandate, screened by their own board.
Companies are screened on what the business does and on how it is financed. The scheme's own Shariah supervisory board certifies this; we explain it, we do not certify it.
- Tends to suit
- An investor for whom the screening matters, who understands how few of these schemes exist in India.
- Worth knowing
- The screened universe is very small and almost entirely equity. There is no screened equivalent of a liquid fund, so it cannot cover a short-horizon goal.
Scope
What our registration actually covers
Our AMFI registration covers the distribution of regular-plan mutual funds. It does not cover insurance, the National Pension System, portfolio management services or bonds — each of those sits with a different regulator and needs its own licence.
So we do not distribute them, and you will not find them listed above. If that changes, this page will change with it — and you can hold us to that.
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Your account
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
