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Income funds will aim to provide investors with stable and regular payments in the form of a monthly or quarterly payment. An investment fund that aims for growth will invest in equity securities to increase the value of the funds assets and provide investors with long term capital gains. Some investment funds seek to provide a combination of income and growth, and sometimes all three objectives in one package.
As an investor, you should decide which investment objectives match your own and concentrate on those investment funds. Mutual funds never invest at random, and neither should you. The more clearly you define your investment objectives, the easier it will be to identify appropriate mutual funds.
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