The return of a fund may reach 100 percent or more in a single year on rare occasions. Can you become rich from mutual funds? Thus, if you plan on becoming rich, you can see how SIPs can help you ...

Personal finance experts recommend buying the funds directly from the mutual fund company rather than through a brokerage ...

This figure is known as the net asset value. You can buy shares of mutual funds from a broker, although your 401(k) or other employer-sponsored retirement plan may also invest in mutual funds.