A mutual fund is a professionally managed 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 open-ended investment company in the UK.

What is a managed fund and how does it work?

A Managed Fund is a 'registered managed investment scheme', which is a type of unit trust. By using a managed fund, investors' money is pooled together and is used by the investment manager to buy investments and manage them on behalf of all investors in the fund.

What is managed funds in simple words?

A managed fund is a pool of investments that is managed professionally by an expert fund manager. In a managed fund, your money is pooled together with other investors' money to create a single fund that provides significant investor benefits, which include an instant increase in buying strength and tax efficiencies.