Mutual funds can be a smart place to start investing.They're easy to access and don't require you to read any balance sheets or even know what a balance sheet is. For each, you can find an overview of how it's performed over specific time periods as well as reviews of specific funds within the sector and an explanation of how the sector itself works.

Mutual funds are one of the most popular ways for new investors to build wealth. Picking the wrong fund – investing in mutual funds through SIPs is an ideal way to create wealth and achieve long-term goals. Mutual funds are the big-box stores of the investing world, buying in bulk to pass along a wide range of products at affordable prices. BlackRock's mutual fund minimum investment amount of $1,000 drops to $50 if you enroll in automatic investing, for example. If you want to learn how to invest in mutual funds, fortunately, there's only a handful of key points to know before you get started. Whether you own them through your retirement plans, such as a 401(k) or IRA, or you buy them directly or through a brokerage account, this guide to mutual fund investing is designed to help you understand what they are, how they work, and things you may want to consider. However, it is important to remember that SIP is an investment vehicle and not the main investment. Since you have a long time in hand, you can continue with your investment in the same fund as it has good long term history and belongs to good fund house but in future incremental funds can be parked in a good multicap fund. Or start by reading about the type of investment sector you're interested in investing in; for example Asia, the US, smaller companies in the UK or the so-called 'Equity Income' sector. With the roadmap provided by a basic asset allocation plan, you might find that planning your investments isn’t so complicated after all.

Although mutual funds are used by investment advisors and professional money managers all over the world, mutual funds can be the best investment types for beginners because they are diversified and straightforward, which means investors of all kinds can be successful without a lot … If you commit to an automatic investment plan, where a set amount is periodically invested into a fund on autopilot, you may be able to get started investing in mutual funds with a lower initial investment. Investing can be confusing and intimidating, but it doesn't have to be.