As a direct investor in equity, you may not want to invest in a stock you know very little or nothing of. In case of mutual fund schemes, your expert fund manager does this job for you. Check their portfolio and historical returns to have an idea about the performance of the mutual fund schemes. As per the objectives, these schemes are broadly categorized as large cap, mid cap etc. or the combination of such stocks (multicap) and are managed in accordance by the fund managers. If your mutual fund schemes invest in quality stocks with a higher potential returns for long term, small time market fluctuations are going to be insignificant as a blink. Open ended equity mutual fund schemes for long term investments have wealth creation potential.