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What are Mutual Funds?
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Answer Posted / natheeshram.t
A mutual fund is made up of money that is pooled together
by a large number of investors who give their money to a
fund manager to invest in a large portfolio of stocks and /
or bonds.
When a lot of shares are available on stock exchanges, you
and me don't know which companies to invest in. But let us
say a guy named xxxxx knows, and keeps track of the market
daily. So we give him our money and he buys and sells
stocks for us.
| Is This Answer Correct ? | 5 Yes | 1 No |
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