What is the most popular mutual fund in 2023?
Among 2023′s best-performing funds: Baron Fifth Avenue Growth BFTIX, up 57.9%, and Fidelity Blue Chip Growth ETF FBCG, up 57.2%. Gains in both funds were fueled by the massive rally in Nvidia NVDA, which surged 230% this year.
Among 2023′s best-performing funds: Baron Fifth Avenue Growth BFTIX, up 57.9%, and Fidelity Blue Chip Growth ETF FBCG, up 57.2%. Gains in both funds were fueled by the massive rally in Nvidia NVDA, which surged 230% this year.
- #1. BNY Mellon Corporate Bond Fund BYMMX.
- #2. Miller Intermediate Bond Fund MIFIX.
- #3. Calvert Income Fund CFICX.
Best performing funds
The best performing Elite Rated fund in 2023 has been T. Rowe Price US Large Cap Growth Equity, which has returned 37.1%*.
Returns | ||
---|---|---|
Fund Name | 3 Years | 5 Years |
Bluechip Fund ICICI Prudential | 24.00% | 14.36% |
Large Cap Fund Mirae Asset | 18.65% | 13.49% |
Bluechip Equity Fund Canara Robeco | 18.57% | 15.24% |
- HDFC Mid-Cap Opportunities Fund.
- Parag Parikh Flexi Cap Fund.
- ICICI Pru Bluechip Fund.
- HDFC Flexi Cap Fund.
- Nippon India Small Cap Fund.
- HDFC Balanced Advantage Fund.
- ICICI Prudential Equity & Debt Fund.
- ICICI Prudential Corporate Bond Fund.
Company | Expense Ratio | Dividend Yield |
---|---|---|
The Hartford Short Duration Fund (HSDIX) | 0.49% | 3.40% |
Vanguard International Growth Fund (VWIGX) | 0.42% | 1.03% |
Schwab Fundamental International Small Company Index Fund (SFILX) | 0.39% | 3.20% |
Victory Nasdaq-100 Index Fund (USNQX) | 0.45% | 0.55% |
- ICICI Prudential BHARAT 22 FOF Direct Growth. ...
- Quant Small Cap Fund Growth Option Direct Plan. ...
- Quant Mid Cap Fund Growth Option Direct Plan. ...
- Nippon India Small Cap Fund - Direct Plan - Growth Plan. ...
- Quant Flexi Cap Fund Growth Option Direct Plan. ...
- HDFC Small Cap Fund-Direct Growth Option.
Over-Diversification of Mutual Funds
The aim of diversification is to spread risk. If you invest too much in one company's stock, you are at great risk. If something happens to that company, a significant portion of your money could get wiped away.
Smallcap funds rewarded investors with a 37 percent returns on average in 2023, midcap funds with 32 percent, while largecap funds delivered 20 percent returns on average. On that note, here are the five things that had the most impact on your MF investments in 2023.
What mutual funds is Dave Ramsey invested in?
I put my personal 401(k) and a lot of my mutual fund investing in four types of mutual funds: growth, growth and income, aggressive growth, and international. I personally spread mine in 25% of those four.
- Parag Parikh Flexi Cap Fund.
- UTI Flexi Cap Fund.
- Axis Midcap Fund.
- Kotak Emerging Equity Fund.
- Axis Small Cap Fund.
- SBI Small Cap Fund.
- SBI Equity Hybrid Fund.
- Mirae Asset Hybrid Equity Fund.
![What is the most popular mutual fund in 2023? (2024)](https://i.ytimg.com/vi/d4I54hPFxok/hq720.jpg?sqp=-oaymwE2CNAFEJQDSFXyq4qpAygIARUAAIhCGAFwAcABBvABAfgBlAmAAtAFigIMCAAQARhlIGUoZTAP&rs=AOn4CLCy81JWieZ00lCqh6gw2MghL-TzNw)
- High-yield savings accounts.
- Certificates of deposit (CDs) and share certificates.
- Money market accounts.
- Treasury securities.
- Series I bonds.
- Municipal bonds.
- Corporate bonds.
- Money market funds.
- Stocks.
- Real Estate.
- Private Credit.
- Junk Bonds.
- Index Funds.
- Buying a Business.
- High-End Art or Other Collectables.
- Invest in your 401(k) and get the matching dollars. ...
- Use a robo-advisor. ...
- Open or contribute to an IRA. ...
- Buy commission-free ETFs. ...
- Trade stocks.
HDFC Mid-Cap Opportunities Fund, the largest scheme in the mid cap category based on assets managed, gave 22.90%. However, Taurus Discovery (Midcap) Fund, the smallest scheme in the mid cap category based on assets managed, gave more than 20%. The scheme offered 20.89%.
Quant Tax Plan, the only ELSS scheme in the category, gave 33.06% in a three-year period. ICICI Prudential Technology Fund, Tata Small Cap Fund, and Bandhan Small Cap Fund gave 32.77%, 32.73%, and 32.04% respectively.
Scheme Name | NAV Direct | Return 1 Year (%) Direct |
---|---|---|
Edelweiss Money Market Fund | 25.25 | 3.78 |
Franklin India Savings Fund | 41.45 | 3.86 |
HDFC Money Market Fund | 4,649.96 | 4.05 |
ICICI Prudential Money Market Fund | 306.58 | 3.93 |
U.S. Treasury securities, money market mutual funds and high-yield savings accounts are considered by most experts to be the safest types of investments available.
- Decide whether to go active or passive.
- Calculate your budget.
- Figure out your risk tolerance.
- Think about your asset allocation.
- Chasing hot-performing funds.
- Following a suggestion from family or friends.
- Pick the funds with the highest star ratings.
- Thinking bonds are too boring.
What is 5 star mutual fund?
The rating ranges from one to five stars of which one star denotes the lowest performer whereas the five-star rating is for the best performer. There are various entities which are actively working on this job such as CRISIL, Morningstar, Value Research, ICRA, etc.
- SBI Mutual Fund.
- ICICI Prudential Mutual Fund.
- HDFC Mutual Fund.
- Aditya Birla Sun Life Mutual Fund.
- Kotak Mahindra Mutual Fund.
- Nippon India Mutual Fund.
- Axis Mutual Fund.
- UTI Mutual Fund.
- Tata AIA Whole Life Mid Cap Equity Fund. AUM:11,524 Cr. ...
- Birla Sun Life Multiplier. AUM:3,999 Cr. ...
- Bajaj Allianz Accelerator Mid-Cap Fund II. AUM:5,754 Cr. ...
- Max Life High Growth Fund. AUM:4,690 Cr. ...
- HDFC Standard Opportunities Fund. AUM:35,480 Cr. ...
- Kotak Mahindra OM Classic Opportunities Fund. ...
- ICICI Prudential Opportunity Fund.
While there is no precise answer for the number of funds one should hold in a portfolio, 8 funds (+/-2) across asset classes may be considered optimal depending on the financial objectives and goals of the investor. Further, higher allocation of portfolio to the right fund is of crucial importance.
Fund Name | 5 Years Return | 10 Years Return |
---|---|---|
Quant Large and Mid Cap Fund (G) | 25.0% | 23.2% |
HSBC Value fund (G) | 21.8% | 21.9% |
Kotak Infrastructure & Economic Reform Fund Standard Plan (G) | 24.6% | 21.5% |
Nippon India Growth Fund (G) | 25.6% | 21.4% |
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