Top Mutual Funds Picks for 2023: If you want to start investing in mutual funds in the new year, there is a good opportunity.
The year 2023 will be better for the mutual fund industry. The Association of Mutual Funds in India (AMFI) estimates that by 2023, the industry’s growth could be 16-17 per cent.
In 2022, due to geopolitical tension, supply-side problems and rising interest rates, the mutual fund industry was 7 per cent, around 22 per cent in 2021.
In 2023 the equity market may remain volatile. In such a situation, the strategy of multi-investing should be adopted.
Market expert and MD of Optima Money Managers, Pankaj Mathpal, in 2023, investors should focus on the multi-asset class.
This should include debt funds, gold and silver. If investing for 3-5 years, multi-asset funds should be included in the portfolio.
At the same time, investing in multi-cap and flexi-cap funds can be a better decision from a long-term perspective.
Top Mutual Funds Picks for 2023
Pankaj Mathpal says that from a 3 to 5-year perspective, ICICI Prudential Multi-Asset Fund and Quant Multi Asset Fund can be good choices.
He says, from a long-term perspective, investors can invest in multi-cap and flexi-cap funds.
These include Quant Active Fund, Aditya Birla Sun Life Multicap Fund, Canara Robeco Flexi Cap Fund and Nippon India Flexi Cap Fund. can invest in.
2022: 7% growth in AUM
According to the Association of Mutual Funds in India (AMFI) data, in the year 2022, the Asset Under Management (AUM) of the mutual fund industry increased by 7 per cent or Rs 2.65 lakh crore.
Earlier in 2021, there was an increase of about 22 per cent in its AUM. AMFI estimates that in 2023 the industry will grow at a rate of 16-17 per cent.
According to statistics, by November this year, the size of the mutual fund industry has reached Rs 40.37 lakh crore, which is its record level.
At the end of 2021, this industry was worth Rs 37.72 lakh crore. Whereas in 2020, its size was Rs 31 lakh crore.
In 2022, the mutual fund industry could not achieve growth 2021 due to the Russia-Ukraine war, supply chain problems and rising interest rates.
