For the reader who might be wondering as to what exactly is a mutual fund, the need for him to focus his attention on the remaining part of this paragraph is quite important. When put in a simple sentence, a mutual fund is a collection of the total amount of money belonging to multiple investors. This money which is managed by a person known as the mutual fund manager is invested in shares, and many other money market instruments which are normally of the short term nature. Most of the major banks offer mutual fund schemes with many features to boost off. For example, the SBI mutual fund is perhaps one which has the largest number of people serving the role of investors and the number is about 5.4 million. Corporate entities, apart from banks, have also entered into this field with the Reliance mutual fund being one of the notable examples. One of its major features is again the number of investors and also the professional outlook of the management of this fund. With the relaxation of FDI rules in the banking sector, the foreign banks are also some of the options to go for any potential investor. The bulls have taken over the bears in the current Indian stock market scenario, however the structure of the Indian economy is one which allows it to remain unaffected from the global aftermaths of the recent US economic recession. The national stock exchange (indicated by NIFTY) and Sensex of the Bombay Stock exchange are slowly beginning to show a rise in this period of problems and mutual funds are therefore, likely to be an attractive prospect due to its lucrative potentials in the long run. Mutual funds have therefore, quite a profitable presence for investors and the populations should not be misled by the current state as this is only a temporary one with immediate and not long term effects. The effects of the global scenario have certainly been experienced in the stock market but most of the reasons have been in the form of rumours and hence, the resultant debacle. The market is now looking up in a slow fashion and hence, the prospect for people to invest their money in mutual funds is quite a profitable one.