Best Mutual Fund Schemes For 2023!

The current budget was interesting for mutual fund investors. The major announcement of Budget 2023 was an increase in the personal income tax rebate threshold under the new tax regime from Rs 5 lakh to Rs 7 lakh. The number of tax slabs is reduced from six to five, and we see an increase in the tax exemption ceiling to Rs 3 lakh. These changes can make investing in ELSS to reduce taxes less appealing for people with taxable income up to Rs 7 lakh. 
 

One of the highlights of the year 2022 was the preference for passive investment styles by mutual fund investors. In our cover story, we have discussed in detail the pros and cons of passive investing. ‘Is passive investing for you?’ - find out in our cover story this issue. 
 

After a volatile year for equity investors, we can now focus on 2023 with a positive market outlook. To make the most of the possible opportunities in 2023, we are coming up with a special story ‘Best Five Equity Mutual Funds For 2023’. Interestingly we have suggested five different funds keeping in mind the different risk profiles i.e, conservative, moderate and aggressive. 
 

Remember, the best way to participate in the equity markets is by investing in it systematically 
 

Yogesh Supekar
Executive Editor