If you're new to investing, mutual funds can be a great place to start. Mutual funds are a type of professionally managed investment that pools money from many investors to purchase a diversified portfolio of stocks, bonds, and other securities. Many funds are managed by skilled and experienced portfolio managers who use a systematic approach to help investors reach their financial goals.

Mutual funds offer a variety of benefits to investors, including diversification and affordability. By investing in a fund, you can access a wide range of investments that might be too costly or complex for a single investor to purchase on their own. Diversification helps reduce the risk associated with investing—because you're exposed to a variety of asset classes, one investment could go down in value when another is going up, reducing the overall impact on your investments. Mutual funds also tend to be relatively affordable, and generally have lower minimum investment amounts than other investments, such as individual stocks. This makes them an accessible option for many beginner investors.

It's important for investors to research different mutual funds before investing. Funds carry different fees and charges that can have a hefty impact on returns. It's wise to look at the management fees, sales fees, and other fees associated with each fund, as well as to understand the fund's objectives, risk and return history, and its track record of performance.

Before investing, investors should also consider their individual financial goals and risk tolerance. A goal-based approach can help craft an investment strategy catered to your specific objectives. Additionally, it's important to have an understanding of the overall investment climate, so you can make decisions that are informed and appropriate to your personal situation.

Mutual funds can be a great way for beginner investors to get started with investing. They offer diversification, affordability, and the potential for higher returns than a savings account. Understanding the fees and charges associated with the funds, as well as your personal circumstances and financial goals, is an important step before you invest. By doing your research and planning carefully, you can make informed decisions to help you reach your financial goals.