The Indian financial market is one of the fastest growing emerging markets of the world, thanks to the new economic policy - liberalization, deregulation andmeasures of restructuring - which has dismantled entry barriers in thefinancial markets, allowed the entry of new players and created anenvironment for efficient allocation of resources. The major investors in themarkets are the Individual Investors, Corporate Sectors, Charitable Trusts,etc.The individual investors are now aware about of the other sources of theinvestment avenues rather than the traditional investment avenue. They areaware about the modern investment avenues.One of the important investment avenues in the financial market is the ‘MutualFund’. Through out the world, Mutual Funds have played a significant role asfar as an investment is concerned. Mutual Funds play a pivotal role intransforming savings into investments and thereby improving financial healthof a country. One way to measure this role is to analyze performance of mutual fund schemes. Also understanding of mutual fund structure andadvantages etc. is very important. A Mutual Fund is the ideal instrumentvehicle for today’s complex and modern financial scenario. Mutual funds offer many benefits to the small investors such as Diversification, liquidity, lowtransaction cost, low risk, transparency, more options and more schemes,professional management, flexibility, convenience to switch and many more.Other than Mutual Funds, Bank Deposits, Post Office Schemes, RBI Relief Bond, Public Provident Fund, Unit Trust of India, Life Insurance, and Equityare the investment avenues where generally investors invest their savings.The survey conducted to understand about the Mutual Fund as an investmentAvenue and also generate the awareness of mutual funds in the minds of individual investors & corporate.