Question

Money invested in mutual fund by an investor is recorded as

a. Unit Capital

b. Mutual Fund Capital

c. NAV

d. Capital
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Answer 1

Answer:

Explanation

A mutual fund is an open-end professionally managed investment fund that pools money from many investors to purchase securities. These investors may be retail or institutional in nature. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe