What is mutual fund and how we can get these?

I'm not sure what it actually entails however I do know it is an investment and if you call the bank you want to deal with's call center more then likely they should be able to set you up with someone that will call you back to explain your options or give you the number and/or transfer you. I would recommend calling during normal business hours then they can possibly transfer you. Also if its in your area I know US Bank does a great job with this depending on your location, you can call them at 800-872-2657 and just hit 0 for a specialist when the rep picks up just explain you are looking for investment options and they should get you directly to the investment department.

Type "Fidelity" into the little box. They'll tell you.

A mutual fund is a similar concept to stocks. You buy a share of a mutual fund. A person called the fund manager takes all the money people paid for the shares of the fund, and invests it for you.

How the fund manager invests it depends on the type of fund. Most funds invest in stocks and bonds. Specialized funds invest in commodities, real estate, etc. Some mutual funds invest in other mutual funds.

Essentially, you are giving the fund manager money to invest for you. There is a cost. Mutual funds have operating costs that they charge you. Typically, it is a percentage of your account. There are other charges, such as charges to purchase or sell shares of the fund.

Most funds can be purchased by a stock broker or the mutual fund company itself.

It is best to learn about mutual funds before investing. Yahoo has a decent website on this.

http://finance.yahoo.com/funds

Have a look at ETFs (exchange-traded funds) before you decide to go for a mutual, they often have similar performance with a lower cost and more flexibility.