If ignorance is bliss then investing in a mutual fund seems a cakewalk compared with investing directly in stocks. But truth be told, buying the right mutual fund is actually far more complicated than buying an individual stock. Trying to analyse a portfolio and creating models around how the portfolio will play out over time is tough because of the multitude of factors affecting each stock in a portfolio and their interplay. Now try doing this for a whole bunch of funds to figure out which one is better, and you’ll actually get nowhere.