Objectives of Mutual Fund

Mutual funds have objectives. Unlike investing in stocks or bonds, when investing in mutual funds, you need to pay attention to the objectives of the mutual fund you are interested in. There are many mutual fund objectives. Below are classifications of the objectives of mutual funds.

Classifications of objectives of a mutual fund

• aggressive growth mutual funds

• growth funds

• growth and income funds

• global funds

• precious metals and gold funds

• balanced funds

• income funds

• option and income funds

• corporate bond funds

• US government income funds

• GNMA or Ginie Mae Funds

• Long term municipal bond funds

• single state municipal bond funds

• money market mutual funds

• short term municipal bond funds

How many mutual fund objectives are there?

The above mutual fund objectives are the basic ones. However, mutual funds can be classified in many different ways. There is not really a limit to the number of mutual fund objectives. There are many mutual funds and new mutual funds are constantly created by mutual fund companies all the time. With the creation of new mutual funds comes new mutual fund objectives which may be the same or differ from any mutual fund objectives in the list of existing mutual fund objectives.