A mutual fund is a type of investment trust that combines the relatively modest savings of a number of small and medium investors into a single investment. The contributions made to the numerous schemes are accumulated into a single pot, where they are managed by an expert fund manager, who subsequently invests the money in a wide variety of different kinds of assets. The engagement of small and medium-sized investors in the capital market does not expose those investors to an unusually high level of risk. A prospective investor is expected to give careful thought to a range of concerns before making an investment in a mutual fund. These considerations can be found in a variety of places. The presence of these factors, which may include those connected to mutual schemes, mutual companies, and investment services, is one of the most important considerations. In this particular piece of research, an effort was made to investigate the investors' points of view about the several mutual fund schemes and the level of risk respondents can bear according to their income level. The findings of the study indicated that the majority of the target respondents used open-ended schemes with moderate risk.