Mutual funds

Question

Mutual funds

Quizplus · Accepted Answer

Mutual funds collect money from investors and use the funds to purchase a diversified portfolio of stocks, bonds or other investment vehicles. They do not charge an up-front load fee in most cases. Mutual funds can have multiple investment objectives such as growth, income or a combination of both. Option A is incorrect as mutual funds are not coexisting funds in a bank savings account. Option B is incorrect as mentioned earlier they do not generally charge an up-front load fee. Option D is incorrect as mutual funds can have multiple investment objectives.

Mutual Funds