We come across the
term “mutual fund” very often on TVs,
radios, internet etc. Mutual funds have become a talk of the town and investing
in them has become a new trend. But what exactly are mutual funds?
About Mutual Funds
A mutual fund is
the collection of money from the investors and making the investment on their
behalf. In other words, someone else makes the investment with your money on
your behalf. A nominal fee is charged for managing the money by the person
taking care of your money and making the investments. Mutual funds are the best investment plan for those who want to invest regularly but do not
have much knowledge about it. Mutual funds helps them finding a favourable
scheme depending on their financial goals and invest accordingly to achieve
that goal.
