can you tell me what is fund?

Fund is also referred to Mutual fund. A mutual fund is a form of collective investment that pools money from many investors and invests their money in stocks, bonds, short-term money market instruments, and/or other securities.[1] In a mutual fund, the fund manager trades the fund's underlying securities, realizing capital gains or losses, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. The value of a share of the mutual fund, known as the net asset value per share (NAV), is calculated daily based on the total value of the fund divided by the number of shares currently issued and outstanding.

Advantage of investing in fund: you can diversify your explosure.
Disadvantage: There is a management fee for this and varies from one fund manger to another

Risk & Return: Depends on what kind of funds you choose. The safest will be Money Market fund & it offer lower return, higher return involves higher risk

More information can be found in these sites:
http://en.wikipedia.org/wiki/Mutual_fund
http://www.www-mutualfundsinfo.com/types-of-mutual-funds.html

Happy reading!

Funding or financing is to provide capital (funds), which means money for a project, a person, a business or any other private or public institutions.

Those funds can be allocated for either short term or long term purposes.

The health fund is a new way of funding private healthcare centers.