Sort of the Arbitron ratings of mutual funds. Capital growth fund Refers to a fund that is designed to produce returns through capital appreciation of companies in which it invests. Income is secondary. Capital appreciation is less important. Blue chip Refers to a handful of the largest and strongest corporations in America, which, as the theory goes, are also the safest investments in uncertain times.
Equity fund Refers to a fund invested mainly in stocks.
Balanced fund Suggests that the fund has a mix of stocks and bonds. Convertible bonds Bonds or debentures issued by a company that can be converted to stock in that company at a certain price. International or global equity fund Refers to a fund that invests in stocks in foreign companies, but you would want to know more than that. There's a big difference between a mutual fund investing in British Petroleum and one holding stock in a hemp factory in Somalia. Technically, it suggests that a low price is the most important consideration in stock purchases, but the term is used and abused by lots of funds that are not involved in value stocks.