Since your investment is pooled with others, it gives you the buying power to invest in hundreds of different bonds, stocks, etc. This opportunity also has the effect to spread the risk reducing dramatically your chances of loss. Accessibility Your money is always available. In order words, no need to wait for the investment to reach maturity. Units of mutual funds may be redeemed at any time.
Mutual funds are the fastest growing type of investment because of all of the above reasons.
Income Tax Information Similar to Mutual Funds, but different.