Question

What is meaning of Mutual fund?
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Answer 1

Answer:

an investment programme funded by shareholders that trades in diversified holdings and is professionally managed.

Answer 2

Explanation:

A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds.

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