HomeTypes of Mutual Funds Types of Mutual Funds 1. Based on Funda. Close-ended fundb. Open-ended fund2. Based on Assets Invested Ina. Equity fundb. Hybrid fundc. Debt fund3. Based on Investment Objectivea. Growth fundb. Income fundc. Balanced fund4. Speciality Fundsa. Index fundb. Sector fundc. Regional fundd. Tax-saving fund