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Dividend yield funds saw high returns, with top schemes like ICICI and HDFC performing exceptionally. Investors seeking stability favored these funds. However, caution is advised due to taxation impact on dividends and potential future performance uncertainties.
Flexi cap mutual funds with Rs 3.5 lakh crore AUM lead equity categories. Fund managers' flexibility, market outlook trust, and SIPs for systematic investment make these funds popular among investors for long-term goals.
The fund has maintained a flexible approach by adopting diversified active and passive strategies across market capitalisation and tactical allocations, according to the press release.
Tax-saving mutual funds, or ELSS, provide investors with tax benefits under Section 80C of the Income Tax Act, of 1961. The lock-in period inculcates a good habit among investors to thrive for long-term investing while putting their money in an equity-related instrument.
Hybrid funds invest in both equity and debt with the goal of balancing risk and reward, and optimizing investment returns. The tax treatment of equity-oriented hybrid schemes is similar to that of equity schemes