This description provides information about investing in a mutual fund. A mutual fund is a type of investment that pools money from many investors and invests it in a variety of securities, such as stocks, bonds, and other investments. Mutual funds are managed by professional money managers who make decisions about what investments
From Wikipedia
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe, and the open-ended investment company (OEIC) in the UK.