# Mutual Fund

*Saving & Investing — Finicade finance glossary*

A pooled investment where many people's money is managed together in one basket. Traded once a day at its net asset value rather than live on an exchange, and often more expensive than an equivalent index fund or ETF.

**Related terms:** [Index Fund](https://finicade.com/glossary/index-fund), [ETF (Exchange-Traded Fund)](https://finicade.com/glossary/etf), [Diversification](https://finicade.com/glossary/diversification)

Source: https://finicade.com/glossary/mutual-fund