The Mutual Fund Industry consists of investment companies that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. This allows individual investors to access a broader range of investments than they might be able to afford on their own. Each investor buys shares in the mutual fund, and the fund's performance is based on the collective performance of its holdings. Mutual funds are managed by professional fund managers who make investment decisions on behalf of the investors. They offer various types of funds, such as equity funds, bond funds, and balanced funds, catering to different risk appetites and investment goals. The industry is regulated by entities like the Securities and Exchange Commission (SEC) to ensure transparency and protect investors.