Proceed to third party website. Tenure and experience 4. A Mutual Fund is a pool of money that gives investors access to a well-diversified portfolio of stocks, bonds, and other securities. Step 1: Identify your financial goals and related investment objectives. A Fixed Income Fund is one that offers fixed returns over a set tenor. Tax credit is availed in year of investment which needs to be retained for 24 months, this time limit has been changed from 1 year to 3 years and now 2 years.