Answer / Dhananjay Upadhyay

There are various types of mutual fund schemes available, including Equity Funds (focusing on stocks), Debt Funds (investing in fixed-income securities like bonds and government securities), Balanced Funds (a mix of both equity and debt), Money Market Funds (short-term investments in highly liquid instruments), Index Funds (investments that replicate the performance of a specific market index), and Sectoral Funds (focusing on investments in specific sectors like technology, finance, or real estate).

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