1. growth funds: For the purpose of pursuing capital appreciation, he mainly invests in the stocks of listed companies with good growth, and pays little attention to the current income.
2. Value-based funds: the basic goal is to pursue stable recurring income, mainly investing in large-cap blue-chip stocks, government bonds, corporate bonds and other stable income securities.
3. Balanced fund: giving consideration to capital appreciation and current stable income.
Generally speaking, growth funds has the highest expected risk-return level, value funds have the lowest, and balanced funds are somewhere in between.