Looking to invest in MFs? ICICI Direct picks 5 small-cap mutual funds for 2023

Brokerage house ICICI Direct, in its year-end mutual fund review, noted that if overall markets do not witness a significant correction, midcap/small-cap funds may continue to outperform. The brokerage has listed 5 small-cap equity mutual fund picks for the upcoming year. It's important to note that small-cap funds are suitable for investors looking to invest money for at least 3-4 years and seeking very high returns. At the same time, these investors should also be ready for the possibility of higher losses in their investments. Let's take a look at ICICI Direct's top 5 small-cap MF picks:

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It is easy to get tempted by high returns posted by small cap funds in the past one year, but experts opine that these funds are more prone to volatility when compared to their larger peers. We decode the distinction between small and large caps, and explore how it influences the investment decisions of small investors.

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Looking to invest in MFs? ICICI Direct picks 5 small-cap mutual funds for 2023

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