Which is a better investment: direct stock exchange or mutual funds?

Let's think of it in this way.

We need a combination of 1s, 2s, 4s, and 6s to win a cricket match.

• 1s represent your money in savings account.
• 2s represent your fixed deposit or debt fund investment.
• 4s represent your investment in equity mutual funds.
• 6s represent investments in equity stocks.

To make runs aggressively, a lot of practise and expertise are required. You can't begin the game by hitting 4s and 6s on every ball and expect to do well.
Big shots are tempting yet scary.

What will happen if a newbie tries to copy an experienced player and begins his game by making bigger shots?

The player will be replaced very soon, as we all know.