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Banking Term: Mutual Fund

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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