Topic: What are mutual fund families? Are these different from mutual fund schemes?

please explain

Mutual Fund Families or Asset Management Companies

An asset management company is an investment management firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. Mutual Fund Schemes are launched by the Asset Management Companies (AMCs). These AMCs can be classified as Private Sectors AMCs (Prudential ICICI Mutual Fund), Public Sector AMCs (LIC, UTI, SBI), Bank Owned AMCs (Kotak, HDFC) and Foreign AMCs (Fidelity, Franklin Templeton)

Mutual Fund Schemes

Further, Mutual Fund Schemes can be broadly classified as Equity Schemes, Debt Schemes and Hybrid Schemes, Depending upon your investment objective, risk appetite and time horizon of investment, you can identify the suitable mutual fund scheme

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