[tigermack]

Originally Posted by damageprone

Index fund is a type of mutual fund, but not vice versa.

A mutual fund is an investment program funded by shareholders that trades in diversified holdings and is professionally managed actively or passively.

Index funds usually are mutual funds that follow a specific index, AKA S&P 500, total stock market, International total stock market, etc. Index funds tend to be cheaper to hold as there is nobody actively managing them.

Thanks for the clarification!