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.
- Open Ended Mutual Fund
- Closed Ended Mutual Fund