There are three main types of mutual funds in India. Equity funds, debt funds, and hybrid/balanced funds.Can mutual funds have beneficiaries?
The ownership of a mutual fund account can allow for beneficiaries depending on how the account is registered. For example, mutual funds are frequently offered by retirement plans such as a 401(k) or an individual retirement account (IRA).What are Franklin funds?
The Franklin Income Fund is balanced between stocks and fixed income and falls into Morningstar's Allocation - 30 percent to 50 percent equity category. The category includes a wide range of funds with varying strategies.