An equity fund is a mutual fund that principally invests at least 70% of its assets in stocks with the investment objective of providing capital appreciation. Some equity funds invest in local or international stock market, while others invest in blue-chip stocks or small-cap stocks.

A bond fund is a mutual fund that principally invests at least 70% of its assets in bonds, including government, municipal and corporate bonds or other debt instruments.

A multi-asset fund holds a balanced investment portfolio with the investment objective of generating stable income while providing capital appreciation. Balanced funds stick to a fixed asset allocation of stocks and bonds, and invest in stocks in global market, fixed income securities and money market instruments.

A money market fund is a kind of mutual fund that invests in money market instruments with a short-term maturity which is usually less than a year. These instruments include government bonds, treasury bills, cash deposits, and foreign currency assets.