New Year’s resolution? Why start equity mutual fund SIPs from 2023
Live MintDespite volatile markets in 2022, investors choosing mutual funds through systematic investment plans were well rewarded. Under 1-year SIP returns of equity mutual funds categories, FYERS expert pointed out that barring global funds, MNC, pharma, and healthcare sector funds, most schemes across all equity categories delivered double-digit returns. Further, AMFI data revealed that Indian mutual funds have currently about 6.05 crore SIP accounts through which investors regularly invest in mutual fund schemes. Adding, he said, the SIP mechanism eliminates inertia, and emotion, ushering in an investment discipline, making it the best option for investors even with little to a negligible understanding of sectors and stocks How to choose equity mutual fund SIPs?