Of late mutual funds have gained hugely in terms of popularity as investors seeking higher returns along with several other benefits are attracted towards it following high market volatility, low interest rates on Certificates of Deposits and money market funds, but this has also increased fear of fraud also. Therefore, it is quite necessary for those who are looking to invest their hard-earned money in Mutual Fund to know about the fact that they can be cheated and lose their money! Under no circumstances are these investors supposed to do this. Here are certain key facts prior to going ahead: 
 
Since every investor seeks better return on his money, it becomes significant to get an investment advisor's advice. Because, due to lack of adequate information, people fall prey to fake companies, which after sometime fly away with the hard earned money of innocent people! 
 
In order to educate people about these common mistakes that many end up doing while investing money, NBT newspaper along with Aditya Birla Sunlife Mutual Fund recently organised 'Earth Samvad', wherein residents from Delhi and NCR participated to understand about investment and Mutual Funds. 
 
The programme organised at Kirtinagar Industrial Area was participated by Lalit Sharma, Zonal Manager Investor Education, Aditya Birla Sunlife Mutual Fund, and Tarang Bansal, Regional Head, Delhi-NCR, Aditya Birla Sunlife Mutual Fund.   
 
Bansal told people about why Mutual Funds are necessary and how to earn money from it, while informing about Wealth Management, Exchange Traders Fund, Date Funds, Gifts Funds, and Equity Funds.
 
Lalit Sharma said that literacy in our country has increased but we still lack financial literacy. This is the reason that people often fall victim to the greed of maximum returns, he said, adding that if a company promises to give you maximum returns in minimum period, there is something fishy. People were advised to keep themselves away from such firms and take advice from financial advisors.
 
Experts said that for savings, there is no particular age, while giving example that people lose precious time thinking that they will start saving from a certain age. People were asked to start their saving whenever they have money, but they must know why are they investing and where are they investing. If they face any confusion, they must take expert advice.
 
Experts also informed that mutual funds is a platform where funds managers take care of your investment, therefore, if you invest here, you are free from responsibility. 
 
Notably, when you buy a mutual fund, your money is combined with the money from other investors, and you buy part of a pool of investments.