I would like to know more about mutual funds?

Question

for short term & how r the returns.....

Answer 1

For short term investing you might be better off considering C Ds. That is, Certificates of Deposit. The current Interest rates are quite good, and they are insured.
Mutual funds by nature, are designed to be held over time; and they usually have some type of dividend reinvestment policy. This means that the earnings that they accrue, are reinvested back into more shares as a long-term investment strategy. They, as do most investment instruments, carry a certain amount of risk, which is to say they can lose money also. Please be advised that there is no magic bullet that will quickly earn wealth. The best thing you can do is make an appointment to talk with a certified financial adviser. Any of the large houses will do. Franklin, Vanguard, Morgan Stanley, Charles Shwab, you get the picture.
Interesting note. I gather that you are new to the investment industry. When you have your first meeting with an adviser, it is the same as meeting with a lawyer in that the first consultation is free. After that ,you can decide if what he offers is right for you. DO NOT listen to any high pressure sales pitch. This can sometimes happen. If it does, walk away. Think of it this way: you are hiring someone to make money for you. Ask all the questions you want, you have a right to every bit of information you feel is necessary for making an informed decision.