Imagine you and a bunch of your friends all want to invest in the stock market, but you don't have a lot of money to buy a bunch of different stocks all by yourself. So, what you do is you pool your money together with your friends' money to buy a bunch of different stocks as a group. That's kind of what a mutual fund is.A mutual fund is like a big pot of money collected from many investors like you who want to invest in the stock market or other assets. This big pot of money is managed by a professional called a fund manager.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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