Difference VIEW / Inline TVFs / Multistatement TVFs

A parameterless inline TVF and a non materialized View are very similar. A few functional differences that spring to mind are below.

Views

Accepts Parameters               - No
Expanded out by Optimiser        - Yes
Can be Materialized (indexed)    - Yes
Is Updatable                     - Yes
Can contain Multiple Statements  - No
Can have triggers                - Yes

Inline TVFs

Accepts Parameters               - Yes
Expanded out by Optimiser        - Yes
Can be Materialized (indexed)    - No
Is Updatable                     - Yes
Can contain Multiple Statements  - No
Can have triggers                - No

MultiStatement TVFs

Accepts Parameters               - Yes
Expanded out by Optimiser        - No
Can be Materialized (indexed)    - No
Is Updatable                     - No
Can contain Multiple Statements  - Yes

Reference : http://stackoverflow.com/questions/4960137/table-valued-function-vs-view
Can have triggers                - No