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Synopsis Mutual funds, over the years, have evolved into various schemes that reflect the risk-return profile of investors. These have further turned into schemes that concentrate on different sectors of the economy. The schemes also invest in such a mix that reflects the attitude of investors. These schemes provide investors with a wide range of opportunities and avenues to invest their money in. Some of the schemes that have been introduced in recent years include real estate schemes, exchange traded funds, infrastructure funds, money market mutual funds, arbitrage funds, gold schemes; socially responsible investments etc. From the late 1980s and early1990s, as the financial reforms set in, an increasing number of banks and financial institutions set up mutual funds. The rules and regulations for operating a mutual fund are formulated by the Securities and Exchange Board of India (SEBI). Industry has been growing steadily and has achieved good volume in recent years. The assets under management have crossed the 5 lakh crore mark. The growth of mutual funds and the introduction of new schemes and specialized funds have been on the rise and this has drawn a lot of attention in financial circles In this context, this book, The Icfai University Press on Investing in Mutual Funds: Emerging Avenues will make useful reading as it captures recent developments and practices of mutual funds in the market place. The book presents a series of well-written articles that bring out the essence of the happenings in the field.