In your lifetime, you must’ve made all kinds of friends. More often, you would have heard that you must choose your friends wisely so you don’t regret later on. Also, it becomes a very unpleasant and unfortunate situation when your friends become selfish and don’t support you in your troubled times. In such cases, it is best to stay away from them. In the same way, right selection of Mutual Fund schemes is extremely important since every scheme has its distinct scheme objective and is meant for investors who want to achieve a certain financial goal. Hence, it is suggestive to thoroughly understand your financial goals, requirements and then carefully understand the various available Mutual Fund schemes