Mutual Funds are becoming the most favourites with all types of investors. Investing in mutual funds ranks among one of the preferred ways of creating wealth over the long term. In fact, mutual funds represent the hands-off approach to entering the equity as well as debt market through professional management. It is an asset class, with diversifying the risk and portfolio, has a successful track record. There are a wide variety of mutual funds that are viable investment avenues to meet a wide variety of financial goals.