There are various types of mutual funds available in the market, and the Securities and Exchange Board of India (SEBI) has classified these schemes to assist investors in making informed decisions. These classifications are based on factors such as the type of assets the scheme invests in and the investment horizon. One such classification method includes open-ended funds, closed-ended funds, and interval funds. In this discussion, we will delve into interval schemes of mutual funds, exploring the different types of interval funds in India, their benefits, and much more.