It is meant for both - investors who do not understand much about equity investing and want to have equity like returns by investing in mutual funds and also for those who may be expert investors but do not have time and want their money to be managed by expert and professional fund managers. To be able to invest in Mutual Funds you need to have a basic understanding of the scheme that you are investing in. These details are available in the Asset Management Company’s (AMC) website or on the application forms known as SID (Scheme Information Document) and KIM (Key Information Memorandum). Alternatively, you can also consult a mutual fund advisor to know more about mutual funds and investing in them.