scorecardresearchExplain Like I'm 5: What is a mutual fund?

Explain Like I'm 5: What is a mutual fund?

Updated: 28 Apr 2022, 11:15 AM IST
TL;DR.
A mutual fund is a professionally managed investment plan run by an asset management company that invests the money pooled in by a group of people in bonds, stocks, and other assets. We deconstruct its granular details here
A mutual fund is a professionally managed investment scheme operated by an asset management company. 

A mutual fund is a professionally managed investment scheme operated by an asset management company.