India New Zealand T20 MATCH super Over: Great Batting by Rohit sharma
Rohit Sharma hit two sixes off the last two balls off Tim Southee’s Super Over to clinch a thrilling win for India in their first ever Super Over appearance in the third T20I against New Zealand at Seddon Park in Hamilton. The Super Over win also meant India won their first ever T20I series in New Zealand. Both sides ended on level terms after the legitimate 40 overs of play. Batting first, Rohit Sharma’s 65-run inning powered India to 179 for 5 on a slow track. In reply, Mohammed Shami dismissed Kane Williamson (95) and Ross Taylor (17) in the last 4 balls of the 20th over to take the match into the Super Over.
Types of Mutual Funds
Mutual funds types are broadly classified on the basis of - investment objective, structure, and nature of the schemes. When classified according to the investment objective, mutual funds can be of 7 types - equity or growth funds, fixed income funds or debt funds, tax saving funds, money market or liquid funds, balanced funds, gilt funds, and exchange-traded funds (ETFs).
Based on the structure, mutual funds can be of 2 types - close-ended and open-ended schemes. When mutual funds are classified on the basis of nature, they can be of 3 types - equity, debt, and balanced. There is an overlap in the classification of some schemes like equity growth funds which can fall under classification based on investment objective as well as classification based on nature.
We have explained some of the types of mutual funds, below:
Growth or Equity Schemes - These funds invest in equity shares and the investment objective is capital gains over medium or long-term. They are associated with high risks as they are linked to the highly volatile stock markets but over long term, they offer good returns. Hence, investors having a high appetite for risk find these schemes to be an ideal investment option. Growth funds can further be classified into diversified, sector, and index funds.
Debt Funds - Also known as fixed income funds, they invest in fixed income or debt securities such as debentures, corporate bonds, commercial papers, government securities, and various money market instruments. For those who seek a regular, steady, and risk-free income, debt funds can be an ideal choice. Gilt funds, liquid funds, short-term plans, income funds, and MIPs are the subcategories of debt funds.