What is mutual fund? Kindly explain in layman's language.
111 Views|Posted 9 years ago
Asked by Manoj Sriramula
2 Answers
Answered by
7 years ago
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. These investors may be retail or institutional in nature.
Upvote 
Answered by
9 years ago
It is a pool of money from investors and shareholders. They wants to make money, which gets traded in diversified holdings.
Upvote 1 Comment
Taking an Exam? Selecting a College?
Get authentic answers from experts, students and alumni that you won't find anywhere else.
On Shiksha, get access to
66K
Colleges
|
1.2K
Exams
|
6.9L
Reviews
|
1.8M
Answers
Didn't find the answer you were looking for?
Search from Shiksha's 1 lakh+ Topics
or
Ask Current Students, Alumni & our Experts
Have a question related to your career & education?
or
See what others like you are asking & answering