There seems to be some emotional outbursts against MFs among the opinions here.
A question to those who despise MFs - how much have you lost in direct equity? I bet it's plenty more than in MFs!
Mutual Funds can perform as good as /a bit better than the market. The inexperienced investor is likely to perform with the market in a bull run, losing his pants (and more) in a bear market.
The MF industry needs a lot of cleaning up, but they are currently better than ULIPs and punting directly (and blindly) in the markets.
