Chapter15: Mutual And Exchange Traded Funds
Section15.1: Why Invest In Mutual Funds?
Problem 1CC
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- How are mutual funds different from pension funds?
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Step 1
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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