A mutual fund is an investment that pools money from many investors and invests the money in stocks, bonds, short-term money-market instruments, other securities or assets, or some combination of these investments. The combined holdings the mutual fund owns are known as its portfolio. Each share represents an investor’s proportionate ownership of the fund’s holdings and the income those holdings generate.
Some of the traditional, distinguishing characteristics of mutual funds include the following:
Different types of Funds
Money Market Funds
Tax benefit in mutual funds
Corporates 20.00% + surcharge