With reference to Mutual Funds, consider the following statements:
1. It is a form of financial vehicle that invests in securities such as stocks, bonds, and money market instruments.
2. It pools money from investors and uses it to purchase other securities, most commonly stocks and bonds.
Which of the statements given above is/are correct?1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2