The term Mutual Fund is typically used for a

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The term Mutual Fund is typically used for an Open End Investment Company. Mutual funds are a type of investment vehicle where investors pool their money together to buy securities, such as stocks, bonds or other assets, in accordance with a stated set of objectives. They are open-end investment companies that issue and redeem shares on demand at their net asset values (NAV), which are calculated at the end of each trading day. Closed-end investment companies issue a fixed number of shares, which trade on an exchange like stocks, and are not redeemable at the NAV. Managed investment companies and real estate investment trusts are separate categories of investment vehicles.

The Term Mutual Fund Is Typically Used for a