New Delhi, Sept. 2 -- Choosing the right mutual fund is more than just selecting the top-performing funds. Time and again, many investors fall into avoidable traps, such as opting for funds based on social media tips or selecting funds purely based on their recent performances.

Understanding such common mistakes is crucial for building a healthy, goal-aligned portfolio. Focus should be on selecting a reputable mutual fund after proper background checks.

Here are five common mistakes investors make while selecting mutual funds:

Many investors initiate their mutual fund investment journeys without proper goal setting and due diligence. The focus should be on understanding the associated risk with investing in any particular mutual fund. ...