Everyone knows the power of mutual funds. It's the best and the most effective tool for wealth creation. A disciplined investment in a mutual fund via Systematic Investment Plan (SIP) can turn all your long-term and short-term financial goals into reality. Though we have understood the importance of mutual funds it still remains an extremely complex concept to understand. If you want to invest in a mutual fund you will be confronted by questions like - direct or regular? Dividend or growth? Equity, debt or hybrid? Eventually, you have to seek help and go along with what your financial advisor suggests. This is not to suggest that seeking help from an expert is wrong. In fact, it's the smartest way to manage your investment. However, it is always good to have the working knowledge of the instruments you are investing in.

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