What is Speciality mutual funds?
What is Speciality mutual funds? A mutual fund or any other fund that specializes in the securities of a particular industry, sector or region is called a Speciality Fund. Because there is no sectoral or industry-wise diversification in this type of investment, speciality funds are considered as a high-risk investment due to high concentration risk. What are the 4 types of mutual funds? Most mutual funds fall into one of four main categories – money market funds, bond funds, stock funds, and target date funds. Each type has different features, risks, and rewards. Money market funds have relatively low risks....