Mutual funds are collective investment schemes that are overseen by skilled financial professionals. They are listed on stock markets and offer investors the opportunity to invest in a variety of assets that have been carefully chosen for the fund. The combination of investments is managed by a skilled fund manager, and the objectives and assets of the fund are specified in the prospectus. Market growth relies on various factors including increased market liquidity, a rising portion of financial savings in total household savings, and an increasing investor pool due to increased awareness.