The purpose of investing in Mutual funds is to diversify risk and portfolio, especially when one possesses less time and expertise on individual stocks. Mutual Funds have gained popularity among all class of investors more recently, including HNI’s, because many of these funds have been seeing outperforming the benchmark indices and providing impressive returns. The best part is that investors can pick and choose those funds that are most suited to their requirements based on their risk appetite. They can prioritize their expectations from the mutual fund in terms of capital appreciation, time to returns (medium or long term), dividend option and the like.