MC30 review – 90% of schemes outperform peers in 2022
The Rs 40 lakh crore Indian mutual fund industry can no longer be considered a small basket of funds. There are 39 categories of MF schemes that offer 386 equity schemes, 314 debt schemes, and 138 hybrid funds. You are still left with 163 index funds, 155 exchange-traded funds, 39 gold, and silver-related funds, and 66 international funds.
In reality, all one needs are 7-12 MF schemes. How do you pick the most suitable ones?