What should the investor do before looking at the scheme?

The investor should look at the nature of the scheme and then match it against their specific requirement to see whether this fits in with their goals. For example an investor might require funds after three and a half years but if it is a close ended scheme for five years then it will be worthless for the investor. This feature can be used to plan the liquidity for the portfolio of the investor. In addition specific types of schemes can also be matched with their features to ensure that both are similar.
The other way of classifying scheme is through the composition of their assets and the type of securities held by the schemes. This is available both in the offer document of the scheme as well as other places where the investment is specified in terms of portfolio declaration