While you were looking for some investment solutions, you might have come across Mutual Funds. For people who are completely new to this investment solution first need to know “What is a Mutual Fund?” Mutual Fund is usually referred as a pool of investment made by different investors who aim to either make some extra money or to keep their money safe. The purpose of this pool (collection of money from different investors) is to invest in different securities so that the investors can easily diversify their savings without facing a lot of risk. These funds are operated and managed by the money managers. Mutual Fund is one of the easiest investment solutions, you just need to find top performing mutual fund and start investing with them. This is the reason a lot of people prefer to invest in mutual funds without digging about the pros and cons.