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What statement defines a mutual fund?

Updated: 9/23/2023
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10y ago

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A Mutual Fund is nothing but a common pool of money collected from a lot of people which is used by an experienced fund manager who invests the money in the Share market. Not many of us are experienced in investing directly in the Equity market. Mutual funds are a boon to the investor who doesnt have enough knowledge to invest directly in the market but wants to take a risk and gain higher returns from the market.

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12y ago
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10y ago

A mutual fund is an investment fund in which many people pool their resources for investment. Mutual funds are highly regulated by the Securities Exchange Commission, in the US.

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Was the Reserve Fund the first money market mutual fund?

The Reserve Fund was the first money market mutual fund


When does mutual fund dispatches the Statement of Accounts?

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the acronym SBIMF stands for State Bank of India Mutual Funds. One can find more information about mutual fund basic, mutual fund guide and mutual fund coach online at SBI Mutual Fund.