According to different fundraising methods, securities investment funds can be divided into public funds and private funds. Public funds refer to securities investment funds that raise funds from public investors through public offerings and invest in securities. . It has the characteristics of openness, realizability, and high standardization. Private equity funds refer to securities investment funds that raise fund funds from specific investors in a non-public manner and invest in securities. It has the characteristics of non-publicity, fundraising, large investment, closed nature and non-listed nature.

According to whether they can be listed and traded on the stock exchange, securities investment funds can be divided into listed funds and unlisted funds. Listed funds refer to securities investment funds whose fund units are listed and traded on stock exchanges. Such as exchange-traded open-end index funds (ETF), listed open-end funds (LOF), and closed-end funds. Unlisted funds refer to securities investment funds whose fund units cannot be listed and traded on the stock exchange. Including liquid funds and non-tradable funds. Realizable funds refer to securities investment funds that, although not listed on the stock exchange, can recover investment funds through "redemption", such as open-end funds. Non-tradable funds refer to securities investment funds that can neither be publicly traded on the stock exchange nor recover their investment through "redemption", such as some private equity funds. According to different modes of operation, securities investment funds can be divided into closed-end funds and open-end funds. Closed-end securities investment funds, also known as fixed-end securities investment funds, refer to securities investment funds in which a predetermined number of funds have been issued and the size of the fund capital will not increase or decrease within a specified time (also called a "closed period") . In terms of combination characteristics, it has important characteristics such as equity, debt and supervision. Open-end securities investment funds, also known as variable securities investment funds, refer to securities investment funds in which the number of fund securities and thus the fund capital can change due to the issuance of new fund securities or the redemption of principal by investors. In terms of combination characteristics, it has important characteristics such as equity, deposits and flexibility. According to different organizational forms, securities investment funds can be divided into corporate securities investment funds and contract securities investment funds. Corporate securities investment funds, referred to as corporate funds, organizationally refer to securities investment fund companies (or similar legal entities) with legal personality and for-profit purposes established in accordance with the provisions of the Company Law (or Commercial Law); in securities The above refers to securities investment fund securities issued by securities investment fund companies. Contractual securities investment funds, referred to as contract funds. In terms of organization, it refers to a securities investment fund organization formed by issuing fund securities with the nature of beneficiary certificates in accordance with the principles of trust contracts; in terms of securities, it refers to securities investment fund securities issued by securities investment fund management companies as fund sponsors. According to different investment objects, investment funds can be divided into stock funds, bond funds, hybrid funds, money market funds, QDII funds, futures funds, option funds, warrant funds, etc. Stock funds refer to investment funds that invest in stocks (the proportion of investment in stocks accounts for more than 60%); bond funds refer to investment funds that invest in bonds (the proportion of investment in bonds accounts for more than 80%); mixed funds refer to stocks and The bond investment ratio is between the above two types of funds and can be flexibly adjusted; money market funds refer to investment funds that invest in short-term market securities such as treasury bills, large bank negotiable certificates of deposit, commercial paper, corporate bonds, etc.: Futures funds refer to investment funds that mainly invest in various futures varieties; option funds refer to investment funds that invest in stock options that can distribute dividends; warrant funds refer to investments that use warrants as investment objects fund. QDII funds are securities investment funds established within a country and approved by the relevant departments of that country to engage in investment in securities such as stocks and bonds in overseas capital markets. QDII is the English abbreviation of Qualified Domestic Institutional Investors. In addition, according to different investment styles, stock funds are divided into growth, value and hybrid funds. Growth stock funds refer to funds that mainly invest in growth stocks with fast income growth and great future development potential; value stock funds refer to funds that mainly invest in stocks that are undervalued and have high safety. Value stock funds are less risky than growth stock funds, and hybrid stock funds are somewhere in between. According to different investment objectives, securities investment funds can be divided into growth funds, income funds and balanced funds. Growth funds refer to securities investment funds that invest in listed stocks or other securities with good growth potential with the basic goal of pursuing long-term appreciation and profitability of assets. Income funds refer to securities investment funds whose basic goal is to pursue high current income and whose main investment targets are securities that can bring stable income. Balanced funds refer to securities investment funds that have the basic goals of ensuring capital security, current income distribution, and long-term growth of capital and income, and thus pay more attention to long-term and short-term income-risk matching in the investment portfolio. According to different investment philosophies, securities investment funds can be divided into active funds and passive (index) funds.

Active funds are funds that strive to outperform a benchmark portfolio. Unlike active funds, passive funds do not actively seek to outperform the market, but instead attempt to replicate the performance of an index. Passive funds generally select a specific index as the tracking object, so they are often called index funds.