Question

what is meant by mutual funds?

Answer 1

A mutual fund is a professionally-managed investment scheme, usually run by an asset management company that brings together a group of people and invests their money in stocks, bonds and other securities.
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its like compared to passbook u get more intrest money increments slowly but in long term it has no risk or loss and money also has great increment

Answer 2

Hey it is an investment programme founded by shareholders that trades in diversified holdings and is professionally managed .