What are the mutual funds schemes?

Mutual funds have introduced many schemes for attracting investors and also for
collecting their savings. Such schemes include the following :
(a) Open-ended Schemes: Regular Income Schemes, Recurring Investment Schemes
and Cumulative Growth Schemes.
(b) Close-ended Schemes: Dhanashree 1989, (LIC Mutual Fund), Ind-Jyoti, (Indian
Bank Mutual Fund) and Magnum Regular Income Scheme 1987 (SBI Mutual Fund)
It may also be noted that basically there are four schemes by which mutual funds collect
money from the investors. Such schemes are: (a) Growth schemes, (b) Income schemes,
(c) Balanced schemes, and (d) Tax saving schemes.