New Delhi, April 22 -- Mutual fund investments are considered among the best ways for an ordinary retail investor to book capital gains. However, there are varying levels of risk attached based on the type of scheme and that's why you have to choose carefully before making an investment.

A popular tool to achieve financial goals and grow your wealth, MFs have a long-term horizon of five to 15 years with reasonable financial security. Participants or account holders are given units corresponding to their investment sum, for which purchase and sale are at the latest net asset value (NAV).

You can choose to invest with small sums via a systematic investment plan (SIP) or one-time lump sum, as per preference.

There is no 'one-size-fits-all...