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A Mutual fund is a common pool of money collected from many people and invested in stocks or any other investment instruments by a fund manager. The profit or loss is shared with the investors

Insurance is an agreement between the insurer and insured where the insurer agrees to bear the risk of some event after accepting a small premium from the insured. For ex: you can get a life insurance policy for Rs. 10 lakhs by paying a nominal premium of around Rs. 15000/- per year. In case of our unexpected demise, our family would get Rs. 10 lakhs from the insurance company.

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Q: Differences between mutual fund and insurance?
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