Mutual funds are pooled investments managed by professional money managers. They trade on exchanges and provide investors with access to a wide mix of assets selected for the fund. A professional fund manager handles this mix of investments and the fund's assets and goals are detailed in the prospectus.

A mutual fund is a collective investment vehicle that collects & pools money from a number of investors and invests the same in equities, bonds, government securities, money market instruments. The money collected in mutual fund scheme is invested by professional fund managers in stocks and bonds etc.