Personal Finance Explained: Here are different types of mutual funds available and their benefits Updated : September 11, 2020 06:25 AM IST Mutual Funds (MFs), as an investment opportunity, are a very important part of an investor's portfolio. In mutual funds, money can be parked using both Systematic Investment Plans (SIPs) or lump-sum investment options. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.