Mutual fund refer to investment that is made by a group of investor and managed by an investment manager to make the investment on their behalf in various securities and bonds, and the benefit or profit is divided proportionately among the investor in respect of the money invested by each of them.
source https://www.caclubindia.com/articles/mutual-funds-and-its-future-47973.asp
source https://www.caclubindia.com/articles/mutual-funds-and-its-future-47973.asp
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