Unit trust is an investment vehicle that pools the financial resources of many individual investors who aim to achieve similar investment objectives.
To take a quote from Peter Lynch in his book "One Up On The Wall", "The mutual fund is a wonderful invention for people who have neither the time nor the inclination to test their wits against the stock market, as well as for people with small amounts of money to invest who seek diversification."
However, having said that, it does not mean you take whatever offer that comes your way. It is equally important to work with a trusted adviser and understand the risk and rewards associated to investing in mutual funds.
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