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What does a mutual fund do
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http://www.investopedia.com/university/mutualfunds/mutualfunds.asp this is would help you
Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors What does a mutual fund do with my money? If you have even as little as a few hundred rupees to spare, you can start your investment journey with mutual funds.
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