Upstox offers access to several types of Mutual Funds. Additionally, all Mutual Fund schemes in the retail segment are tailored to meet different purposes like tax savings, growth, high or low-risk appetites and more. 

The Upstox MF platform offers different types of Mutual Funds varying in the scheme and plan type. There are more than 2000 Mutual Funds available on the Upstox MF platform. Therefore, you can choose those Mutual Funds that suit your financial goals and expectations.

Types of Mutual Funds’ Schemes:

  • Open-ended scheme:

An open-ended scheme is a type of Mutual Fund that is repurchased at continuous intervals. These types of Mutual Funds don’t have a pre-determined date of maturity. Additionally, as an investor of an open-ended scheme, you can purchase or sell units at daily declared prices. 

  • Interval scheme:

An interval scheme is a mixture of open-ended and close-ended schemes. Individual units can be sold at intervals decided prior to the purchase of units. Hence, the units can also be traded on the Stock Exchange.

  • Close-ended scheme:

Close-ended schemes mature at a pre-determined date. Basically, the investors can get their investments back at the end of the time period. These returns are calculated on the basis of the Net Asset Value (NAV) at the time.

Types of Plans

  • Dividend:

Dividend Mutual Funds invest in companies that give dividends to their shareholders. Dividends are profits that companies give back to their shareholders. You can get dividend returns regularly in a Dividend-Focused Mutual Fund scheme. Similarly, like some investors, you can choose to re-invest the dividend or even purchase additional shares in the Mutual Fund.

  • Growth:

Growth Mutual Funds include Stocks of companies that focus on increasing their capital value. The dividend is almost next to nothing in such a fund. Thus, companies under such a plan invest their profits into research and development. These companies focus on acquiring new projects and expanding their reach.

  • Bonus:

Mutual funds allots new units to you as an investor in the fund for free under a bonus plan. This increases the number of units you hold. Moreover, the NAV reduces depending on the ratio of 'bonus units' and purchased units.