What is a mutual fund?

A mutual fund is a financial vehicle constituting a pool of money collected from various investors like you. This money is then invested in various financial assets like stocks, bonds, money market instruments, etc. Mutual Funds are professionally managed by Asset Management Companies (AMCs) and regulated by SEBI (Securities and Exchange Board of India). Every Mutual Fund has a Fund Manager, an expert in the field of investment and finance, who manages the fund.