Through structure, investment objective, management style and plan mutual funds can be classified in the following manner.

1. Based on Structure – Open Ended Fund, Close Ended Fund, Interval Funds
2. Based on Asset class – Equity Funds, Income/Debt Funds, Hybrid Funds, Solution oriented and others
3. Based on Plans – Growth Plan, Dividend Plan, Reinvestment Plan
4. Based on Management – Actively managed, passively managed

Among Asset class, within each category there are many subcategories introduced by the SEBI

1. Equity Schemes (12 sub-categories)
2. Income/Debt Schemes (16 sub-categories)
3. Hybrid Schemes (6 sub-categories)
4. Solution oriented Schemes (2 sub-categories)
5. Other Schemes (2 sub-categories)

The table below gives you an idea about all the subcategories, how many funds are available in each sub category, the highest and lowest returns in each subcategory which is basically the range of return for each subcategory.