Tell me about yourself? What is mutual fund?

Question

Accepted Answer

Mutual fund is a type of investment vehicle that pools money from multiple investors to invest in stocks, bonds, and other securities.

Mutual funds are managed by professional fund managers.
Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities.
Mutual funds offer diversification and convenience for investors who may not have the time or expertise to manage their own investments.
There are different types of mutual funds, including equity funds, bond funds, and money market funds.
Mutual funds charge fees, including management fees and expense ratios, which can impact the overall return on investment.

Accepted Answer

Mutual fund is the type of investment, managed by professional manager

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