* * * Mutual fund is a collective investment method with * * * income and * * risk, that is, investors' funds are concentrated in stocks, bonds, foreign exchange and currencies by issuing fund units to obtain investment income and capital appreciation.

Mutual funds are usually set up by investment trust companies, securities companies and other financial institutions. By issuing fund securities, investors subscribe for the raised funds, and then invest in stocks, government bonds and corporate bonds of various listed companies in the securities market. Some mutual funds also invest in options, futures and various short-term financial instruments in the money market.