The first step is to find out the objectives of investment.The objectives of investment in mutual fund will be low risk or high risk. If the objectives of the investement are same as the investors, then one can go on to the next step. It is very important to evaluate the past performance of the mutual fund. Through this evaluation an investor can get an idea of performance of the mutual fund. There are lot of online trade portals that provide the information like Reliance mutual fund,ICICI,HDFC.