The meaning and definition of Mutual Fund - An ope
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Posted On: 03/15/2013 11:32:05 PM
The meaning and definition of Mutual Fund -
An open-ended investment company that pools money from shareholders for investing in stocks, bonds, or money market securities in accordance with a stated investment objective. Mutual funds offer investors diversification and professional management. Shares can be redeemed daily at the current net asset value (NAV).
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