Mutual Fund is an investment scheme managed by professional asset managers. The managers to the fund allocate and invest an investment corpus contributed by multiple investors who share common financial goals. The corpus is invested into various financial instruments based on a pre-decided criteria and objective of the scheme. The investors can choose a fund according to his / her preferences and risk appetite, holding specific units of the fund in their name in proportion to the amount invested by them. It is an attractive investment option for retail investors as it offers opportunity to diversify risk across multiple securities as well as pay a low cost as charges for fund management.