Top 10 Equity Mutual Funds For 2023
In the year 2022, Indian markets have outperformed global markets. However, volatility is something that is here to stay. This is an opportune time to consider accumulating using of equity MFs. Continue reading to learn more.
The year 2022 was not a happening one for equity markets globally. However, for Indian markets it was relatively better as India outperformed the major equity markets across the globe. While Russia, South Korea, Taiwan, US, China and Germany gave double digit negative returns, India gave single digit positive returns along with Brazil and UK.
Diving deeper into India’s performance based on sector and market-cap, Small-Caps suffered the most on market-cap front and IT, realty, media and pharma were the top sectoral losers. Nifty Small-Cap 100 lost 15 per cent, while sectors such as IT, realty, media and pharma lost 26 per cent, 12 per cent, 10 per cent and 9 per cent, respectively.
Therefore, looking at the present market situation, it looks like the year 2023 would be mediocre for Indian equity markets. Therefore, this presents an opportunity to gradually accumulate units of equity mutual funds. In this article, we have listed top 10 equity mutual funds for investing in 2023.