Income fund

An income fund is like a savings account at a bank that can help you save money for the future. When you put your money into an income fund, it is invested in stocks and bonds that have the potential to grow in value over time. It's a way to save money while also earning interest, which is money you get just for having the money in the fund. An income fund can be a good option for people who want to save money for the future but don't want to risk losing their money by investing in stocks or other risky investments.