MUTUAL FUNDS SHARDENDU PRAKASH NATIONAL INSTITUTE OF SECURITIES MARKETS (NISM) B.COM, M.A (ECONOMICS) , PGPSM 28-10-2018 The mutual fund is an investment vehicle that allows a large number of investors to pool their resources in order to purchase stocks, bonds and other securities. Mutual funds, the collective funds which is referred to as Assets Under Management (AUM) are managed by professional fund managers (appointed by a mutual fund company or Asset Management Company), who are responsible for making intelligent investments as per the market trend and movement. The combined underlying holding of the fund called as portfolio, and each investor in the mutual fund scheme owns the units as a portion of this portfolio. Mutual funds help in investing the savings across a variety of securities and diversify your assets - acts as a basket of securities - as per the investment objectives and risk appetite. Mu