Mutual funds are an alternative to traditional savings instruments (e.g. bank deposits, o/n, etc.) when seeking higher returns.
Main Funds category
• Monetary Funds: invest primarily in money market instruments (, certificates of deposit, t-bills, deposits etc.)
• Bond funds: investing in fixed income instruments (government, corporate, and municipal bonds etc.)
• Equity funds: investing primarily in shares listed on regulated markets; The main source of fund asset growth is the value appreciation of the shares held by the Fund and associated dividends as appropriate
• Mixed/balanced funds: investing in a mixture of shares and money market instruments (certificates of deposit, treasury bills, bank deposits, bonds etc.)