A mutual fund is an aggregated investment fund that invests in securities such as stocks, bonds, money market instruments, and other assets by pooling money from a number of investors. Mutual funds are managed by professional investment fund managers who allocate the fund's assets in an attempt to generate capital gains or income for fund investors. Mutual funds provide access to professionally managed portfolios of equities, bonds, and other securities to small and individual investors. As a result, each shareholder shares in the fund's profits or losses in proportion. Mutual funds hold a diverse range of securities.
Mutual Funds are regulated in Nigeria. The Securities and Exchange Commission Nigeria (SEC), which is the regulatory body for investments, oversees its operations in Nigeria.
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