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Mutual funds pool money from investors and invest it in stocks, bonds, and other securities. The main benefits of mutual funds are professional money management, diversification, liquidity, affordability, and convenience. There are various types of mutual funds categorized by their investment objectives such as equity, debt, money market, and balanced funds. Key terms related to mutual funds include net asset value (NAV), load, expense ratio, and different types of mutual fund schemes.

Author

NITIN KUMAR

Language

EN