Basically, a mutual fund is an investment fund in which people pool their money to a fund manager, so he can multiply the initial investment using his extensive knowledge and industry expertise in securities, stocks, equity etc.
Inflation is your biggest financial enemy because it devalues your money as prices increase over a given time period. Every rational human being protects his possessions. Similarly, to protect your wealth in the modern age, you have no other option but fighting inflation through investing your savings.
