MONEY MARKET FUND
It is a type of open-end mutual funds that invest 100% in money market instruments and debt securities with maturity of less than one year.
FIXED INCOME FUND
It is a type of open-end mutual fund that invests at least 80% in debt securities instruments (bonds) and the remaining in money market instruments.
BALANCED FUND
It is a type of open-end mutual fund that invests in a combination of stock instruments, debt securities and money market instruments.
EQUITY FUND
It is a type of open-end mutual fund that invests at least 80% in equity and the remaining in money market instruments and debt securities.
SYARIAH FUND
It is a type of open-end mutual fund that invests in equity, debt securities or money market instruments in accordance to the principles of Islamic law; in order to maintain capital values and obtain an income level which continuously increases in medium to long term. However, this type of mutual fund follows the nature and investment objective of the other four type of mutual funds, each respectively(money market fund, fixed income fund, balanced fund, equity fund). For example, Islamic Equity Fund is basically an equity fund running under the principles of Islamic teaching.
