If you are planning to invest in mutual funds, it is essential that you have a clear idea of what are mutual funds. In this article, we will first answer the question, what are mutual funds and also tell you what is the definition of a mutual fund. A mutual fund is a professionally managed investment pool of underlying securities. It collects money from several investors and invests the money in either stocks, bonds or other money market securities. Now that we have explained mutual funds definition and know what…
