Answer: Mutual Fund
Notes: A Mutual Fund is not an Alternative Investment Fund (AIF). AIFs typically include private equity, venture capital, and infrastructure funds, which invest in non-traditional assets. In contrast, mutual funds pool money from many investors to invest in publicly traded securities, making them more regulated and accessible to the general public. AIFs often target high-net-worth individuals and institutional investors, focusing on higher-risk, higher-return opportunities.
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