A mutual fund, therefore, is a financial vehicle that pools money from various investors to invest in a diversified portfolio of securities. Such a fund is therefore managed by a professional portfolio manager who takes decisions on behalf of the investors with the primary aim of maximizing returns within the investment strategy of the fund. That, therefore means investing in a mutual fund is buying units or shares of the fund; and that investment said to represent your ownership in those holdings.
Mutual funds can be classified based on investment goals, risk levels, or types of assets. This type of categorization makes mutual funds useful for a wide range of financial objectives and their many tolerance levels toward risks. Whether income, growth, or the optimum mix of both, there are mutual funds that would fall in line with the objectives of any investor
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What is a mutual fund?

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