Banking Term: Mutual Fund

Find important banking term that is useful in upcoming banking exam.

Apr 1, 2015 18:14 IST

Banking Term: Mutual Fund

  • A Mutual Fund is the professionally manage firm of collective investments that pools money from many investors in stock market, bonds, short term, money market instruments and in other securities.
  • In mutual fund is a fund manager who is also called Portfolio manager trades the fund underlined Securities.
  • The value of the share of mutual fund is called the net asset value which is calculated daily wage on a total value divided be a number of shares, issued and outstanding there are two types of Mutual Fund.
  1. Open Ended Mutual Fund
  2. Closed Ended Mutual Fund

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