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what is mutual fund?

Definition:
Mutual fund establish in the from of a trust to raise monies through the sale of units to the public or a section of the public under one or more schemes for investing in securities,including money market instrument. 

Mutual fund:
A mutual fund is an investment vehicle for investors who pool their saving for investing in diversified portfolio of securities whit the aim of attractive yields appreciation in their value.A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests typically in investment securities. The mutual fund will have a fund manager that trades (buys and sells)the fund's investments in accordance with the fund's investment objective.

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