Mutual Fund is a pool of money collected from various individuals/ entities for
the purpose of investing in stocks/bonds/ or other assets.
The corpus of a Mutual Fund is broken up into a number of units. The value of each
of these units (calculated daily as the total value of fund divided by the number
of units) is known as the NAV of the fund.
Mutual funds are either Open ended or Closed ended. By this we mean the following:
The broad categorization of mutual funds is as follows:
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