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Mutual funds are investment vehicles where the investor who can either be an individual, a company or any other organization, can put there money and receive a return on their investment. The funds invested are usually invested in financial assets which can generate profits for the investors so that both the investor and the mutual fund earn a return. Mutual funds are usually managed by a fund manager who invests the money in investments that can earn a positive return for the fund. Mutual funds can either be open end or closed end. Open end mutual funds have no set number of shares in them whereas closed end mutual funds have a set number of shares.