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Mutual fund - Financial definition

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Concise definition of the term mutual fund

A professionally managed portfolio of stocks, bonds or other investments which is divided up into shares.

Comprehensive definition of the term mutual fund

Mutual funds allow small investors to hold a diversified investment portfolio even with a very modest investment.
The market price of the fund's shares, called the net asset value (NAV), fluctuates daily with the market price of the securities in its portfolio.

Additional information related to this definition

Definitions of related terms

Bond  •  Investment  •  Net asset value   •  Share

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