Investment is a commitment of funds in real assets or financial assets that involves risk and gain. In the present dynamic global environment, exploring investment avenues are of great relevance. The success of an investment activity depends on the knowledge and ability of investors to invest, the right amount, in the right type of investment, at the right time. Small investors face a lot of problems in the share market, limited resources, lack of professional advice, lack of information on different investment options, etc. Thus, people began opting for portfolio managers with expertise in stock markets who would invest on their behalf. As mutual funds are managed by professionals, they are considered to have a better knowledge of market behaviors. Thus, investors choose mutual funds as their primary means of investing, as they provide professional management, diversification, convenience and liquidity that leads to high returns with low risk.