what are mutual funds

Mutual fund is a pool of money,collected from investors,and is invested according to certain investment objectives.It is therefore a pool of investr's funds.The most important characteristic of mutual fund is that the contributors and the beneficiaries of the fund are the same class of people,namely the investors.The term mutual fund means that investors contribute to that pool, and also benefit from the pool.

Hello Jobin Babu, It is a vast subject to discuss here. I suggest youto visit kotaksecurities.com's university section. You will get the complete information on mutual funds including Equities and IPOS.