So, assuming that you want to invest in mutual funds and want to know about them before you start investing in them, I would be answering it from an investors point of view and will not go in details about how to set them, wats an AMC, etc. stuffs.

Mutual fund, as the name suggests, is a fund, which is owned mutually by all those who put in it. There are 2 main reasons of why mutual funds are formed let's know them in this episode! https://beacons.page/adityamulukuri