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Mutual
Fund is an investment vehicle that is made up of a pool of funds
collected from many investors for the purpose of investing in securities
such as stocks, bonds, money market instruments and similar assets. One
of the main advantages of mutual funds is that they give small
investors access to professionally managed, diversified portfolios of
equities, bonds and other securities, which would be quite difficult (if
not impossible) to create with a small amount of capital.
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