A mutual fund is an investment scheme and type of investment fund that invests in stocks, bonds or other funds and financial instruments. Unlike most other types of investment funds, mutual funds are "open-ended," and as more people invest more units or shares are issued. A mutual fund typically focuses on a specific type of investment area. For example there are over 52 mutual fund categories and they fall into 10 different mutual fund asset classes there is a greater drill down to more mutual fund sectors. There are thousands of mutual funds to choose from and there is something for everyone in a robust market with stock and bond holdings being the largest pool of assets under administration. "Mutual Funds" in the plural mean a portfolio of funds with respect to diversification in the word and meaning.
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