The article explores how Indian investors view mutual funds, particularly index funds, as an investment option compared to other choices like bank deposits. Mutual funds pool money from many investors and invest in stocks, offering benefits of stock market investments to individuals who may not have the expertise to invest directly. Index funds specifically invest in shares listed in a particular index in the same proportion as the index. The study investigates investors' awareness and preference for mutual funds, including index funds, to understand their investment choices and knowledge about different mutual fund schemes.