Mutual fund means the pulling together of investors’ money and investing them in a variety of asset classes such as equities, money market funds and bonds. Many banks are offering it to investors and it is a better way to invest than putting all the excess money in a savings account. It is managed by fund managers whose goal is to produce profits for the investors. The portfolio’s terms and objectives should be stated in the proposal. The strength of the fund comes from the number of investors who invested in it.
