Fund is simply a source of money that is allocated to someone for special purpose or project. The complete process of arranging and injecting money in a business is called fundraising.
Businesses need money to run and sometimes funds are required to keep them going on.
– Individuals, business and even Governments raise funds to arrange money.
– Government needs funds to build roads or public center, businesses like academics need funds for scholarship and constructions and research etc.
– Fund in finance means investing pool of money belonging to different and numerous investors for profit purpose while each of individual retains it’s legal right on the capital.
– Investors can be individuals and businesses and the goal is to earn extra money in return.
– Mutual funds are mainly managed by the companies to achieve this goal.