Many new mutual fund investors ask various versions of this question - to friends or colleagues or in some mutual fund forums - while starting their investment journey: “Which are the best mutual funds to invest in 2023?” This article aims to answer this question by providing a list of the best mutual funds to invest in 2023 with a detailed discussion of their merits and risks.
Our methodology: We have used a combination of parameters such as past performance, consistency, risk-adjusted returns, portfolio composition, and fund house reputation to come up with a list of the top mutual funds for 2023.
Invesco India Contra Fund; IDFC Sterling Value Fund; Nippon India Value Fund; ICICI Prudential Value Discovery Fund are some of the best mutual funds to invest in 2023. These funds are actively managed and invest in a mix of stocks and bonds to provide long-term capital appreciation.
If not, you may need to talk to a financial planner or an investment advisor to get a better understanding of the mutual fund space and the various options available to you. Zacks Top 10 stocks for 2023 is another source of information that you can use to identify the best mutual funds to invest in 2023. It is a list of the top 10 stocks that Zacks has identified as having the best potential for growth over the next year.
The Best Funds for Rebalancing in 2023 include PIMCO Total Return Admin (PTRAX), Dodge & Cox Income I (DODIX), and Loomis Sayles Core Plus Bond Y (NERYX). These funds are ideal for investors looking to rebalance their portfolios in 2023. They offer low-cost exposure to a wide range of asset classes and have a history of providing consistent returns.
3 Top High-Yield mutual funds to Buy Ahead of 2023 are BlackRock High Equity Income Fund BMEAX, UBS Dynamic Alpha Fund BNAAX, and Tortoise Energy Infrastructure Fund (TNIFX). These funds offer investors the opportunity to invest in high-yielding securities that can provide income while also offering long-term capital appreciation.
As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in market capitalisation. These companies tend to be younger, more volatile and have higher growth potential than their large-cap counterparts. Some of the best mid-cap funds for 2023 include Axis Bluechip Fund, Canara Robeco Bluechip Equity Fund, Mirae Asset Large Cap Fund, BNP Paribas Large Cap Fund, and Edelweiss Large Cap Fund.
According to debt mutual fund managers, the RBI is likely to pause or stop hiking rates in 2023. That would mean better returns to debt mutual fund investors. Some of the best debt funds for 2023 include Axis Short Term Fund, Franklin India Low Duration Fund, ICICI Prudential Short Term Plan, and Aditya Birla Sun Life Corporate Bond Fund.
Flexi cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in flexi cap funds that have a low expense ratio, a wide diversification, and a good track record of performance. Some of the best flexi cap funds for 2023 include SBI Magnum Multi-Cap Fund, ICICI Prudential Flexi Cap Fund, Kotak Standard Multicap Fund, and Aditya Birla Sun Life Flexi Cap Fund.
