New Delhi, April 21 -- A popular investment option for individuals looking to achieve financial goals and grow their wealth, a mutual fund is formed when an asset management company (AMC) pools money to purchase securities and appoints a fund manager to make investment decisions. Participants are given units corresponding to their investment sum, for which purchase and sale is at latest net asset value (NAV).

You can begin investing in mutual funds with small sums via systematic investment plan (SIP) or lumpsum, in line with your financial goals. Notably, since MFs are a market linked instrument there are varying levels of risks attached based on the type of scheme. It is advisable to read terms carefully before investing.

Investing in ...