Mutual fund is a type of investment, wherein money of several investors are pooled together. Then this pooled money will be professionally manage by a fund manager. The fund manager will do the investing in different assets such as money market instruments, fixed income securities and equities.
There are different types of mutual funds that match the investor's financial goals and risk profile. Check this article for the different types of mutual funds: What are the types of mutual funds?
One of the best features of mutual funds is that even with just Php 1,000 minimum investment, you already have access to professionally managed mutual funds with diversified portfolios of equities, bonds and other securities.
