For mutual beneift
Finance terms explained
Mutual funds
Mutual funds are a form of collective investments that pools money from many investors and invests their money in stocks, bonds, short-term money market instruments, and/or other securities.
A closed-end fund is a collective investment scheme with a limited number of shares, against an open-end fund, which does not have a limit on the number of shares.
Equity funds
Equity funds consist mainly of stock investments. They are the most common type of mutual fund and they focus on particular strategies and certain types of issuers.