Innovest Financial Services Llc

A mutual fund is a financial tool that collects investment capital from multiple entities. These could be either private investors or companies themselves or other financial institutions. A fund manager who presides over this collected wealth invests it in a gamut of wealth creation products depending on the objective of the fund. The returns are then divided proportionately among the shareholders of the fund. That, in a nutshell, is how the mutual fund business operates.