New Delhi, April 5 -- Investing in mutual funds can be an excellent way to grow your wealth over time, but it's essential to approach it with caution and avoid common pitfalls. As we step into FY25, here are five mistakes you should steer clear of to make the most out of your mutual fund investments.

Neglecting research: One of the gravest mistakes investors make is diving into mutual funds without conducting thorough research. Before investing, take the time to understand the fund's investment objectives, historical performance, fund manager's track record, expense ratio, and risk factors. Ignoring this step can lead to investing in funds that may not align with your financial goals or risk tolerance.

Overlooking asset allocation: Asse...