Mutual fund - Financial definition
Financial acronyms
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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.