Like mutual funds, commercial banks and stock-owned savings institutions sell shares; yet, proceeds received by mutual funds

Question:

Like commercial banks and stock-owned savings institutions sell shares; yet, proceeds received by are used in a different way. Explain.
Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...