What are Mutual Funds?
- A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.
- Mutual funds are a popular investment choice for several reasons. For starters, they're diversified and professionally managed investment vehicles.
What is NAV?
- NAV stands for Net Asset Value, which is a calculation that represents the value of a fund or investment.
- Net asset value is commonly used in the context of open-end funds. Shares and interests in such funds are not traded between investors.