Although Nifty ended the year 2022 with a negative return of 3.48 per cent in December, overall it delivered a positive return of 4.32 per cent. Equity markets in 2022 provided returns merely matching the interest rate on savings deposit. However, Indian equity markets scored over other prominent global equity markets.
As can be seen from the above graph, while most of the prominent global indices tumbled by almost double digits, the Indian equity markets were standing tall in the positive. This can very well be attributed to strong economic print and cooling off of the inflation numbers. In fact, equity mutual funds too had their own set of hits and misses in 2022.
The graph above clearly shows that sector funds dedicated to banking and financial services, automobile, power and infrastructure were the top performers, generating double-digit to higher single-digit returns. On the flip side, technology funds, international funds and pharma funds were the clear underperformers. A small disclaimer: To be successful at investing in sectoral and thematic funds, one needs to take tactical calls. Moreover, the performance of conventional equity funds like large-cap, mid-cap, small-cap and flexi-cap funds were muted. So, what’s there for mutual fund investors in 2023? Which fund to invest in? Would underperformers of the last year turn outperformers? These are some of the most common questions of mutual fund investors. While listing the best five equity mutual funds for 2023, we have made it simple for investors with varied risk profiles such as conservative, moderate and aggressive risk-takers.
This story is from the February 13, 2023 edition of Dalal Street Investment Journal.
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This story is from the February 13, 2023 edition of Dalal Street Investment Journal.
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