Tell me about what mutual fund is?

Question

Accepted Answer

A mutual fund is a type of investment vehicle that pools money from multiple investors to invest in a diversified portfolio of securities.

Mutual funds are managed by professional fund managers.
Investors buy shares of the mutual fund, which represent their ownership in the fund's assets.
Mutual funds offer diversification, as they invest in a variety of stocks, bonds, or other securities.
They provide an opportunity for small investors to access professionally managed portfolios.
Mutual funds can be categorized into different types based on their investment objectives, such as equity funds, bond funds, or balanced funds.
Some popular mutual fund companies include Vanguard, Fidelity, and BlackRock.

Accepted Answer

Explain with example.

Top HR questions asked in DST Worldwide Services Financial Service Representative