Mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. It is managed by a professional fund manager or an investment company.

To choose the right mutual fund for your investment goals, you should consider factors like your risk tolerance, investment time horizon, and financial objectives. You can also seek guidance from a financial advisor who can help you select suitable funds based on your specific requirements.

The minimum investment required for a mutual fund varies depending on the fund house and the type of fund. Some funds also offer systematic investment plans (SIPs), allowing you to invest smaller amounts at regular intervals.

Yes, mutual funds are subject to market risks. Since mutual funds invest in securities, the performance of the fund can be influenced by factors such as market volatility, economic conditions, and changes in interest rates.

In most cases, you can redeem your mutual fund investment anytime. Mutual funds are open-ended, which means they allow investors to enter or exit the fund on any business day at the prevailing NAV.

SIP is a method to invest regularly in mutual funds, where you invest a fixed amount at set intervals.

Start SIP when you can, as time in the market matters more than timing the market.

SIP minimums can vary; usually, it's as low as Rs 500 per month in many mutual funds.

FDs provide a safe and fixed return on your investment, suitable for conservative investors.

Income tax in India follows a progressive tax rate system, with higher rates for higher incomes.