Money deposited in mutual funds is insured by the federal government.

Name: Money deposited in mutual funds is insured by the federal government.
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Money deposited in mutual funds is not insured by the federal government. Mutual funds are subject to investment risks, including the possible loss of principal. However, some mutual funds may be covered by the Securities Investor Protection Corporation (SIPC) insurance for protection against fraud or broker-dealer insolvency.

Money Deposited in Mutual Funds Is Insured by the Federal