A mutual fund is a type of investment vehicle that takes funds from many different investors and puts them into a portfolio of stocks, bonds, government securities, and other money market instruments. Professional fund managers manage the funds, and the profits from the investments are split among the investors after fees and taxes are taken out.
Mutual funds charge a fee for their services. In summary, mutual funds are pools of money from multiple investors that are managed by an experienced Fund Manager. These funds offer a range of products that cater to different investor objectives, such as capital appreciation, capital preservation, regular income, liquidity, and tax-saving. Furthermore, mutual funds offer growth and dividend options, allowing investors to customize their investments based on their needs.