Nice article... but a word of caution to all readers, MF is not the best way to invest your money as there are lot of risks in it. 1) It is linked directly to the equity market and thus profit will not always be the same. 2) Lot of MF have entry, exit load and lock in periods which make it difficult to exit when the stocks crash. My suggestion would be to invest in FDs and put a small percentage of your money directly in stocks. Would you want your money to be managed by some MF owner or yourself? Cheers