A mutual fund pools money from several investors to invest in stock market, government / private sector bonds and other asset classes. Investment decisions in these mutual funds are taken by financial market experts, called fund managers, whose job is
to get the best returns for the funds collected. Mutual funds, like stocks, have a value attached to them. They are bought and sold in units. Just like you buy Rs. 1,000 worth of shares of a company, you can buy Rs. 1,000
worth of units of a particular mutual fund scheme. The value of a unit changes everyday and it is called NAV - Net Asset Value. There are more than 6,000+ mutual fund schemes in India and are regulated by Securities and
Exchange Board (SEBI) of India.