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Question

Mutual Fund is a professionally managed investment scheme, run by an AMC i.e. Asset Management Company and they invest their own money in different schemes.

A
True
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B
False
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Solution

The correct option is B False
Mutual Fund is a professionally managed investment scheme, which is run by AMC. Mutual Fund is a mediator that brings together a group of people and invests 'their' money in stocks, bonds and other securities.

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