Question

what is meant by mutual funds ?​

Answer 1

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

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Answer 2

Mutual funds are able to take advantage of their buying and selling volume to reduce transaction costs for investors. When you buy a mutual fund, you are able to diversify without the numerous commission charges. ... With mutual funds, you can make transactions on a much larger scale for less money.