A Mutual Fund is a vehicle for investing in stocks and bonds. It is not an alternative investment option to stocks and bonds, rather it pools the money of several investors and invests this in stocks, bonds, money market instruments and other types of securities. The owner of a mutual fund unit gets a proportional share of the funds gains, losses, income and expenses.
Modified on: Fri, 2 Feb, 2018 at 4:16 PM
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