At present, Is it advisable to invest in mutual funds while share market points are surging?

since i am a beginner actually i have no idea about mutual funds and share markets.But, some of my friends urge me to invest in mutual funds.Appreciate your good answers.

Hi fren, I think it is not advisable to invest in Mutual Funds this time, provided u have some other investments which can compensate any loss u might incur. I say so because if u follow market, u can see that for few of the very strong funds the NAV has gone down.
Mutual funds, depend on share market and currently all the analysts (national and international) have advised their clients to take a vacation.
I think for a new investor like you, u should wait for some time, let the market stabilise once then u can think of getting in.

Yes,you can invest money in share market now.

Mutual fund investments are subject to market risks, read the offer document before investing.

Yes and no.

Based on history, if you've got a long-term investment horizon (5-10 years), you'll probably earn the best returns by being invested in the equities (either stocks or mutual funds that hold stocks).

However, I wouldn't recommend anyone plunking a large amount of money in equities at a single point in time. I recommend investing regularly (monthly, quarterly, etc.) over a long period of time. This method is called dollar cost averaging. By doing this, you will end up with a below average cost per share and avoid putting all your money at risk when the stock market is over-priced. Do a search on "dollar cost averaging" to get more specifics on this investing technique.