To make investment easier its also category Into Equity ,Debt & Money Market Fund.Equity Fund are category into 7+ some of are
Large Cap Fund
These invest 80% to top 100 companies also called as Blue Chip companies
Mid Cap fund
These invest 65% 101 to 250 companies.
Small Cap Fund
These invest 65% to 251 onward companies
Multi Cap Fund
These invest large, mid, small cap 25% each
Value Cap fund
These invest under-value share have the potential to give better returns in future.
Flexi Fund
These invest as per situation of stock market it fully depends on fund managers allocation of fund.
Balance Advantage Fund
These is a mix of equity and debt Fund.
Multi Asset Fund
These invest all assets class equity, debt, Money market, Gold etc.
Debt and Money market fund is for short or medium term fund some of are
Overnight Fund
Will generate small returns in short span of time
Short term fund
Money parking for around 2-3 months.