Which of the following statements are correct? 1. Mutual funds provide an affordable way to diversify a portfolio. II. Actively managed mutual funds mostly outperform those that merely track an index. III. Mutual funds are available that invest in stocks only, bonds only and various combinations of equities and fixed income securities. IV. The selection of individual securities remains with the mutual fund investor. OA. I and III only B. I and IV only C. I, II and IV only D. II and III only