BANKING AFFAIRS

Detailed explanation-1: -A mutual fund is a financial intermediary made up of a pool of money contributed by several investors with a common investment goal. It invests the reservoir of funds in various investment opportunities such as equity, bonds, government securities and other financial assets to achieve the common financial objective.

Detailed explanation-2: -A mutual fund is a financial vehicle that pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets.

Detailed explanation-3: -Both mutual funds and exchange-traded funds (ETFs) pool money from many investors and invest that money in securities. Likewise, many investors own a mix of these funds.

Detailed explanation-4: -A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds.

Detailed explanation-5: -A mutual fund is simply a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the pooled money into specific securities (usually stocks or bonds).