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Financial Terms

Growth Fund

It is one of the three types of mutual funds, the other two being Income Funds and Balanced Funds.

A Growth Fund is a type of mutual fund that is designed to generate capital appreciation for investors by investing their money in a diverse range of stocks. This fund is one of the three main categories of mutual funds, alongside Income Funds and Balanced Funds. Growth Funds offer investors the opportunity to participate in the potential growth of various companies, making them a popular choice for those seeking long-term investment goals. They are typically more volatile than other types of funds, but also have the potential for higher returns.

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