Are the PMS schemes risk-free like mutual funds or are they risky like equities direct investing?

I suppose that REITs and INVITs are just like real estate mutual funds. Why are they so critical in the Indian investment context for project developers?

I am planning to invest in mutual funds. What are the types of risks I should be prepared for?

Are all MFIs alike? Or are there different types of MFIs?

Even Mutual funds are subject to market risk, then why not invest in fixed income products like Bonds and NCDs?

What are the unknown facts or risk of investing in Mutual Funds in India?

Are contracts on gold also settled like normal futures and options contract on equity?

What has emerged as a greater wealth creator; direct equity investing or investing via equity mutual funds?

Can you explain how dividends are taxed in case of direct equities and equity mutual funds?

Are these exchange traded funds some kind of futures trading? Like are the Nifty ETFs the same as buying a Nifty futures contract?

How will the monetary policy actually impact various investment instruments like equity, debt, mutual funds etc and is it really important?