What is a Mutual Fund?
A mutual fund mainly refers to ‘a financial instrument that collects money from various investors and invests these amounts in different instruments like equities, bonds, money market securities or combination of these. In other words, we can say a mutual fund is a collection of stocks and bond which is managed by fund manager or a company that we hire, and for that we pay a certain amount of money to them. The main advantage of mutual fund investment is saving time to study the market trends and also comparatively lower riskier than the investment in the stock market. Continue reading