The order is growth fund, income fund and balanced fund. Because growth funds pursues the long-term appreciation of fund assets, it has the greatest potential. Income-oriented funds invest in securities that can bring cash income, with the aim of obtaining the maximum income in the current period and having little potential. Balanced funds mainly invest in two kinds of securities with different characteristics, and balance between bonds with the purpose of obtaining income and ordinary shares with the purpose of capital appreciation. The advantage is low risk, but the disadvantage is small growth potential.