Income fund refers to a securities investment fund whose basic goal is to pursue high current returns and whose main investment target is securities that can bring stable returns.
Balanced fund refers to a securities investment fund with the basic goal of ensuring capital security, current income distribution and long-term growth of capital income, and paying more attention to the combination of long-term and short-term income and risk in the portfolio.
According to different investment concepts, open-end funds can be divided into active funds and passive (index-type) funds.
Active fund is a kind of fund that tries to achieve performance beyond the benchmark portfolio. Unlike active funds, passive funds do not actively seek to outperform the market, but try to replicate the performance of the index. Passive funds generally choose a specific index as the tracking object, so they are often called index funds.