Explanation:

Mutual funds are investment products offered by asset management companies (AMCs) and are not deposit accounts offered by banks. Deposit accounts provided by banks include savings accounts, fixed deposit accounts, current accounts, and recurring deposit accounts. Each type of deposit account serves different purposes and offers varying features and benefits to depositors. While deposit accounts facilitate the storage of funds and earn interest, mutual funds involve pooling funds from multiple investors to invest in a diversified portfolio of securities, such as stocks, bonds, and money market instruments.