Types of Sector Mutual Funds
1. Technology Funds: These mutual funds mostly invest in electronics and information technology firms.
2. Financial Funds: It enables investors to invest in the stocks of financial companies. This includes banks, insurance businesses, financial firms, and accountancy companies, etc
3. Natural Resources Funds: These specialize in energy, forestry, oil and natural gas, and timber-related businesses. It is suitable for long-term growth investors.
4. Precious Metal Funds: These sector funds expose investors to gains in precious metals such as gold, silver, platinum, palladium, and so on.
5. Real Estate: It enables small investors to engage in the real estate industry and profit from both income and growth.
6. Communication Funds: These generally invest in the telecommunications and internet-related industries.
7. Utility Funds: These mutual funds aim to deliver consistent dividends by investing in the utilities sector.
8. Healthcare Funds: These funds make investments in pharmaceutical businesses, for-profit healthcare facilities, lab chains, and biotechnology companies. These also invest in firms that are working on industrial breakthroughs and advancements.
9. FMCG Funds: These sector funds invest in firms involved in the fast-moving consumer goods (FMCG) market.