There are so many definitions for mutual funds some of them are :
These are mutually owned funds invested in diversified securities. Shareholders are issued certificates as evidence of their ownership and participate proportionately in the earnings of the fund.
An investment company that pools money and can invest in a variety of securities, including fixed-income securities and money market instruments.
An investment company that pools the money of many individual investors and uses it to buy a diversified portfolio of securities.
stile there are so many definitions.
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- Venkat
- San Jose, California, United States
- I Dream of a better tomorrow. I Work towards making it happen. I believe in limitless possibilities. I aspire to change the world. This what i want to be always in few words.
1 comment:
There is more information about the mutual funds in the following link
http://mutualfundinvestments.blogspot.com/2008/01/what-are-mutual-funds.html
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