Their are a many types of mutual funds are involved in that because mutual funds are one of the trusted investment in the last one year and also many many year the basic types in that is 

Brodly any mutual funds will either invest in equites and dept. mutual funds they are involve in open and closed ended funds .

• Open ended funds - In that your invest money you withdrawal in any in your choice and you freedom to invest in the opened fund and most of the people are invest in that funds because it is free to redeem the money in the any time in our choice .
• closed ended funds -In that particular section your is locked at particular time in that time you doesn't redeem you money but its have our advantages also because its closed ended fund your money gives the best return after locking period so most of the people also invest in that funds .

Now lets look at the various types of equity and debt mutual funds available in India -

1. Equity growth schemes -  in that scheme the money invest in stock market but in also a many types that are investment is taken . their are many sector but these is the most popular mutual fund because it gives you high return but in specific sector it gives high risk that can have capability to invest them they invest and gave maximum return in long term its give a high risk.

I wanna making of separated blog on the equity mutual growth funds so follow me .

   2. Money market funds or liquid funds- these a short term debt                        instrument its goal to looking to gave the reasonable return in short            term time . these fund is suitable for a low risk appetite and gave a            reasonable return in a short term time in that a most of beginner                investor to start a journey with mutual fund. most of the people is to          alternative to putting a money in an saving account.

  3.Fixed income or debt mutual fund- These funds invest a money to in         the fixed deposited with low risks and because its invested money            goes to the government bond and securities and government project          that why its have a low return and low risk . most of the people invest        because for goes to money in an a government funds so that's why            most of the people is invest in that funds

In that other three funds are explain in the other blog with differnt types of equity funds so please follow me