Question

A mechanism for pooling the resources by issuing units to
the investors and investing funds in securities in accordance
with objectives as disclosed in offering documents is known.............................​

Answer 1

Explanation:

Mutual fund is a mechanism for pooling the resources by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document. ... Investors of mutual funds are known as unitholders. The profits or losses are shared by the investors in proportion to their investments.

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Answer 2

Answer:

Mutual fund is a mechanism for pooling the resources by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document.