How are mutual funds different from pension funds?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter15: Mutual And Exchange Traded Funds
Section15.1: Why Invest In Mutual Funds?
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  1. How are mutual funds different from pension funds?
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Mutual funds:

Mutual funds refer to an institution which pools the savings of the investors and invest them in a well-diversified portfolio of financial assets. A portfolio is a group of baskets of shares, debentures and other securities in to which an investor subjects his funds. The mutual funds help to reduce risk and enhance returns.

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