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What is a mutual fund?

What is a mutual fund? Here are some definitions.

Noun
  1. (finance) A form of collective investment in which money from many investors is pooled and invested in stocks, bonds, short-term money market instruments, and/or other securities under the direction of a fund manager.
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We are not aware of any silver mutual fund since most silver is produced as a by-product of other metals such as copper.
But allegations of fraud and illicit insider trading extend beyond the mutual fund operations of the two banks.
In sharp contrast to our bear market portfolio is one now being offered by a well known no-load mutual fund company in its recent brochure.
A stance should be taken on taxing dividends from equity mutual fund schemes.
In short, it is a mutual fund that invests solely in money market instruments.
A closed-end fund is a mutual fund whose shares trade on the stock exchanges, just as a stock does.

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