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. A mutual fund is an open-end professionally managed investment fund that pools money from many investors to purchase securities. Moneycontrol provides the Complete Guide to Mutual Funds, Types of Mutual Funds, Best Funds to Buy, Mutual Fund Calculator, Fund Offers, Latest NAVs,. Parag Parikh Long Term Equity Fund Direct Growth. Mutual funds to create a corpus of ₹5 crore for retirement. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for.