Ref. No. 2565/45-3950
In the name of Allah the most Gracious the most Merciful
The answer to your question is follows:
Mutual fund and share market are the same in view of Shariah. So investing in a mutual fund is allowed under the same conditions as share market, both can be bought and sold.
Darul Ifta
Darul Uloom Waqf Deoband