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What Is The Difference Betweeen Insurance And Mutual Fund?

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    Insurance and mutual fund  both are financial instruments,but the basic difference between the two is while mutual funds  fund operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, commodities, or money market securities. These funds offer investors the advantages of diversification and professional management.,insurance is a form of risk management primarily used to hedge against the risk of potential financial loss. Ideally, insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a reasonable fee.
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    Conviction 

    answered 3 years ago

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