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A mutual fund in which investors pay a commission every time they purchase shares is called a loan fund.

What is mutual fund?

A mutual fund is an investment that pools all assets from shareholders to invest in securities such as stocks, bonds, money market instruments, and other assets. These funds are operated by professional money managers who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors.

The mutual fund's portfolio are structured and maintained to match the investment objectives stated in its prospectus. Under this investment, load fund is a mutual fund in which investors pay a commission every time they sell or buy shares.

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