12 Best Mutual Funds to Invest in 2024 (as per Chat GPT)
ChatGPT used to have knowledge limited to information available up to 2021. However, the new ChatGPT allows users to ask questions based on the latest trends. I asked ChatGPT, “Best equity mutual funds to invest in 2024 in India?” and it listed 12 mutual fund schemes along with a few lines about each fund. Many readers previously indicated that ChatGPT would not provide such recommendations; hence, I recorded a video of the response as proof and have included it at the end of the article. In this article, we will list the Best Mutual Funds to Invest in for 2024 according to ChatGPT AI, along with performance metrics and our view on these funds.
Does ChatGPT Really Provide Real-Time Updates Now?
Earlier we wrote about Best Mutual Funds for 2023 as per ChatGPT and there were mixed reactions from readers. Some appreciated and some criticized saying ChatGPT would not provide real time mutual fund recommendations.
Unlike older versions where ChatGPT stated it had knowledge only up to September 2021, the latest version of ChatGPT does not have this restriction. Whether the information is up to date or not is for users to verify. I asked ChatGPT, “Best mutual Funds to invest in for 2024 in India” and it provided a list of funds.
12 Best Mutual Funds to invest in 2024 (as per Chat GPT)
Here is the list. You can check recorded video from ChatGPT at the end of the article.
Top Large-Cap Funds as per Chat GPT
#1 – Axis Bluechip Fund
#2 – HDFC Top 100 Fund
Top Mid-Cap Funds as per Chat GPT
#3 – Nippon India Growth Fund
#4 – Kotak Emerging Equity Fund
Top Small-Cap Funds as per Chat GPT
#5 – Axis Small Cap Fund
#6 – SBI Small Cap Fund
Top Flexi-Cap Funds as per Chat GPT
#7 – Parag Parikh Flexi Cap Fund
#8 – UTI Flexi Cap Fund
Sector-Specific and Thematic Funds
#9 – Kotak Infrastructure and Economic Reform Fund
#10 – Quant Infrastructure Fund
Tax-Saving Funds (ELSS)
#11 – Quant Tax Plan
#12 – Axis Long Term Equity Fund
Top Mutual Funds as per Chat GPT to invest in 2024 – Performance and Key Metrics
Let us dive into more information about these mutual funds and our views on them.
#1 – Axis Bluechip Fund
Investment Objective:
The scheme aims to generate long term capital growth by investing in a diversified portfolio predominantly consisting of equity & equity related instruments of large cap companies.
Performance Details
Absolute Returns of the fund
1-Year Return: 28.6%
2-Year Return: 38.9%
3-Year Return: 45.1%
5-Year Return: 105.2%
10-Year Return: 292.2% (1 lakh would have turned into 3.92 Lakhs)
Annualised Returns of the fund
1-Year Return: 28.6%
2-Year Annualised Return: 17.8%
3-Year Annualised Return: 13.2%
5-Year Annualised Return: 15.4%
10-Year Annualised Return: 14.6%
Our view on this mutual fund scheme
This Largecap fund invests 97% in equity and 3% in other instruments.
Its equity component is 74% in large cap, 5% in midcap, and balance in other equity instruments.
As part of other investments, it invests in TREPS.
Fund’s beta is 0.96. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is minus 3.5. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.64% for direct plans.
One can invest as low as Rs 100 through lump sum and Rs 100 through SIP for 6 months in this fund. While there is no lock-in period, this fund has exit load of 1% if redeemed more than 10% of the investment within 365 days.
This fund has generated 15.4% annualised returns since inception of direct plans in 2013.
After the Axis MF scam broke out, we observed underperformance in the majority of Axis equity funds. We wrote an article about Worst Performing Axis Mutual Funds in the last 1 year too. This fund failed to meet the category average performance over the last 1 to 5 years. If you are already investing, consider continuing to invest in such schemes for some more time.
#2 – HDFC Top 100 Fund
Investment Objective:
The scheme seeks to provide long-term capital appreciation/income by investing predominantly in Large-Cap companies.
Performance Details
Absolute Returns of the fund
1-Year Return: 35.6%
2-Year Return: 60.1%
3-Year Return: 78.9%
5-Year Return: 121.6%
10-Year Return: 288.5% (1 lakh would have turned into 3.88 Lakhs)
Annualised Returns of the fund
1-Year Return: 35.6%
2-Year Annualised Return: 26.5%
3-Year Annualised Return: 21.4%
5-Year Annualised Return: 17.2%
10-Year Annualised Return: 14.5%
Our view about this mutual fund scheme
This is a large cap fund that invests 98% in equity and 2% in other instruments.
Its equity component is 80% in large cap, 6% in midcap and balance in other equity instruments.
As part of other investments, it invests in TREPS.
Fund’s beta is 0.95. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 4.4. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 1.04% for direct plans.
One can invest as low as Rs 100 through lump sum and Rs 100 through SIP for 6 months in this fund. While there is no lock-in period, this fund has exit load of 1% if redeemed within 365 days.
This fund has been a consistent performer that has generated 15% annualised returns since inception of direct plans in 2013.
This fund outperformed the large-cap category average returns over the last 1 year, 3 years, 5 years, and 10 years. As indicated in our earlier article on 3 large-cap/index funds where I am investing, I am also investing in this fund. Moderate to high-risk investors can consider investing for over 5 years in such schemes.
#3 – Nippon India Growth Fund
Investment Objective:
The primary investment objective of the Scheme is to achieve long-term growth of capital by investing in equity and equity related securities through a research based investment approach.
Performance Details
Absolute Returns of the fund
1-Year Return: 60%
2-Year Return: 90%
3-Year Return: 126.9%
5-Year Return: 243.9%
10-Year Return: 571.8% (1 lakh would have turned into 6.7 Lakhs)
Annualised Returns of the fund
1-Year Return: 60%
2-Year Annualised Return: 37.8%
3-Year Annualised Return: 31.4%
5-Year Annualised Return: 28.0%
10-Year Annualised Return: 20.9%
Our view about this mutual fund scheme
This is a Midcap fund that invests 100% in equity.
Its equity component is 14% in large cap, 51% in midcap, 12% in small cap and balance in other equity instruments.
Fund’s beta is 0.94. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 3.8. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.8% for direct plans.
One can invest as low as Rs 100 through lump sum and Rs 100 through SIP for 6 months in this fund. While there is no lock-in period, this fund has exit load of 1% if redeemed within 30 days.
This fund has been a consistent performer that has generated 19.6% annualised returns since inception of direct plans in 2013.
This fund outperformed the mid-cap category average returns over the last 1 year, 3 years, 5 years, and 10 years. Since this fund invests in mid-cap and small-cap companies, it carries higher risk. If you are a high-risk investor willing to invest for the medium to long term, you can consider investing in such funds. This fund is part of our earlier article on 5 Mutual Fund Schemes with Highest NAV of Rs 1,560 to 3,650
#4 – Kotak Emerging Equity Fund
Investment Objective:
The investment objective of the scheme is to generate long term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid companies.
Performance Details
Absolute Returns of the fund
1-Year Return: 48.5%
2-Year Return: 73.7%
3-Year Return: 102.1%
5-Year Return: 231.9%
10-Year Return: 749.3% (1 lakh would have turned into 8.49 Lakhs)
Annualised Returns of the fund
1-Year Return: 48.5%
2-Year Annualised Return: 31.8%
3-Year Annualised Return: 26.4%
5-Year Annualised Return: 27.0%
10-Year Annualised Return: 23.8%
Our view about this mutual fund scheme
This is a midcap fund that invests 98% in equity and balance in other instruments.
Its equity component is 5% in large cap, 55% in midcap, 19% in smallcap and balance in other equity instruments.
Fund’s beta is 0.81. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 1.53. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.68% for direct plans.
One can invest as low as Rs 100 through lump sum and Rs 100 through SIP for 6 months in this fund. While there is no lock-in period, this fund has exit load of 1% if redeemed within 30 days.
This fund has been a consistent performer that has generated 21.7% annualised returns since inception of direct plans in 2013.
This fund outperformed the mid-cap category average returns over the last 3 years, 5 years, and 10 years. Since this fund invests in mid-cap and small-cap companies, it is a high-risk fund. High-risk investors can consider investing in such funds for a medium to long-term tenure.
#5 – Axis Small Cap Fund
Investment Objective:
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.
Performance Details
Absolute Returns of the fund
1-Year Return: 40.0%
2-Year Return: 66.6%
3-Year Return: 102.1%
5-Year Return: 265.1%
10-Year Return: 755.4% (1 lakh would have turned into 8.55 Lakhs)
Annualised Returns of the fund
1-Year Return: 40.0%
2-Year Annualised Return: 29.1%
3-Year Annualised Return: 26.4%
5-Year Annualised Return: 29.5%
10-Year Annualised Return: 23.9%
Our view about this mutual fund scheme
This is a small cap fund that invests 90% in equity and balance in other instruments.
Its equity component is 2% in large cap, 3% in midcap, 57% in small cap and balance in other equity instruments.
Fund’s beta is 0.64. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 5.6. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.52% for direct plans.
One can invest as low as Rs 100 through lump sum and Rs 100 through SIP for 6 months in this fund. While there is no lock-in period, for units in excess of 10% of the investment, 1% will be charged for a redemption within 365 days.
This fund has generated 25.2% annualised returns since inception of direct plans in 2013.
This fund underperformed the small-cap category average returns over the last 1 year, 3 years, and 5 years. This underperformance has been evident in the last few years following the Axis MF scam. If you are already investing in this fund, you can wait for some more time before making any decisions.
#6 – SBI Small Cap Fund
Investment Objective:
The scheme seeks to provide investors with the opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of small cap companies.
Performance Details
Absolute Returns of the fund
1-Year Return: 40.6%
2-Year Return: 66.2%
3-Year Return: 97.6%
5-Year Return: 246.1%
10-Year Return: 1,024.3% (1 lakh would have turned into 11.2 Lakhs)
Annualised Returns of the fund
1-Year Return: 40.6%
2-Year Annualised Return: 28.8%
3-Year Annualised Return: 25.4%
5-Year Annualised Return: 28.1%
10-Year Annualised Return: 27.3%
Our view about this mutual fund scheme
This is a small cap fund that invests 86% in equity and balance in other instruments.
Its equity component is 0% in large cap, 11% in midcap, 46% in small cap and balance in other equity instruments.
Fund’s beta is 0.62. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 4.7. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.69% for direct plans.
One can invest as low as Rs 5,000 through lump sum and Rs 100 through SIP for 6 months in this fund. While there is no lock-in period, for units in excess of 10% of the investment, 1% will be charged for a redemption within 365 days.
This fund has generated 26.3% annualised returns since inception of direct plans in 2013.
This fund underperformed the small-cap category average returns over the last 3 years and 5 years but outperformed in the last 6 months and over the last 10 years. High-risk investors can consider investing in such funds with a medium to long-term perspective.
You can also check about 6 Low Risk High Return Mutual Funds as per ValueResearch too.
#7 – Parag Parikh Flexi Cap Fund
Investment Objective:
The scheme aims to achieve long-term capital appreciation by investing primarily in equity and equity related instruments.
Performance Details
Absolute Returns of the fund
1-Year Return: 37.3%
2-Year Return: 63.3%
3-Year Return: 85.7%
5-Year Return: 206.5%
10-Year Return: 512.7% (1 lakh would have turned into 6.12 Lakhs)
Annualised Returns of the fund
1-Year Return: 37.3%
2-Year Annualised Return: 27.8%
3-Year Annualised Return: 22.8%
5-Year Annualised Return: 25.1%
10-Year Annualised Return: 19.9%
Our view about this mutual fund scheme
This is a flexicap fund that invests 85% in equity, 4% in debt and balance in other instruments.
Its equity component is 48% in large cap, 6% in midcap, 8% in small cap and balance in other equity instruments.
Fund’s beta is 0.7. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 5.66. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.62% for direct plans.
One can invest as low as Rs 1,000 through lump sum and Rs 1,000 through SIP for 6 months in this fund. While there is no lock-in period, for units in excess of 10% of the investment, 2% will be charged for redemption within 365 days and for units in excess of 10% of the investment, 1% will be charged for redemption after 366 days and within 730 days.
This fund has generated 20.6% annualised returns since inception of direct plans in 2013.
This fund has underperformed the flexi-cap category average returns for the short term of last 6 months to 1 year, however outperformed in the last 3 years, 5 years and 10 years time frame. Since this fund invests in midcap and smallcap companies, it is high risk fund. High risk investors can invest in such funds for medium to long term perspective.
#8 – UTI Flexi Cap Fund
Investment Objective:
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum.
Performance Details
Absolute Returns of the fund
1-Year Return: 20.4%
2-Year Return: 28.3%
3-Year Return: 34.1%
5-Year Return: 110.6%
10-Year Return: 283.6% (1 lakh would have turned into 3.83 Lakhs)
Annualised Returns of the fund
1-Year Return: 20.3%
2-Year Annualised Return: 13.2%
3-Year Annualised Return: 10.2%
5-Year Annualised Return: 16.1%
10-Year Annualised Return: 14.3%
Our view about this mutual fund scheme
This is a flexicap fund that invests 95% in equity, 4% in debt and balance in other instruments.
Its equity component is 40% in large cap, 22% in midcap, 9% in small cap and balance in other equity instruments.
Fund’s beta is 0.91. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is minus 7.8. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.62% for direct plans.
One can invest as low as Rs 5,000 through lump sum and Rs 500 through SIP for 6 months in this fund. While there is no lock-in period, for units in excess of 10% of the investment, 1% will be charged for a redemption within 365 days.
This fund has generated 14.5% annualised returns since inception of direct plans in 2013.
This fund has underperformed the flexi-cap category average returns in the last 1 year, 3 years, 5 years and 10 years time frame. Since this fund invests in midcap and smallcap companies, it is high risk fund. There are better funds in this category where investors can explore.
#9 – Kotak Infrastructure and Economic Reform Fund
Investment Objective:
The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms.
Performance Details
Absolute Returns of the fund
1-Year Return: 62.1%
2-Year Return: 111.8%
3-Year Return: 168.7%
5-Year Return: 257.4%
10-Year Return: 621.7% (1 lakh would have turned into 7.21 Lakhs)
Annualised Returns of the fund
1-Year Return: 62.1%
2-Year Annualised Return: 45.5%
3-Year Annualised Return: 39.0%
5-Year Annualised Return: 28.9%
10-Year Annualised Return: 21.8%
Our view about this mutual fund scheme
This is a sector mutual fund that invests 98% in the equity of infrastructure and related companies and balance with other instruments.
Its equity component is 35% in large cap, 23% in midcap, 27% in small cap and balance in other equity instruments.
Fund’s beta is 0.41. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 13.6. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.68% for direct plans.
One can invest as low as Rs 100 through lump sum and Rs 100 through SIP for 6 months in this fund. While there is no lock-in period, this fund has exit load of 1% if redeemed within 90 days.
This fund has been a consistent performer that has generated 20.3% annualised returns since inception of direct plans in 2013.
This fund outperformed the category average returns in the last 1 year, 3 years, 5 years and 10 years time frame. Since this fund invests in single sector i.e. Infrastructure and infra related companies, it is high risk fund. Government push on infrastructure related development is boosting this sector. I am personally investing in this mutual fund scheme. High risk investors can invest some portion of their investments in such funds for short to medium term perspective.
#10 – Quant Infrastructure Fund
Investment Objective:
The fund aims to invest predominantly in equity and equity related instruments of the companies in the infrastructure sector.
Performance Details
Absolute Returns of the fund
1-Year Return: 80.5%
2-Year Return: 108.1%
3-Year Return: 166.2%
5-Year Return: 416.5%
10-Year Return: 678.1% (1 lakh would have turned into 7.78 Lakhs)
Annualised Returns of the fund
1-Year Return: 80.5%
2-Year Annualised Return: 44.1%
3-Year Annualised Return: 38.5%
5-Year Annualised Return: 38.8%
10-Year Annualised Return: 22.7%
Our view about this mutual fund scheme
This is an infrastructure mutual fund that invests 92% in equity of infrastructure and related companies, 7% in debt instruments and balance with other instruments.
Its equity component is 27% in large cap, 20% in midcap, 21% in small cap and balance in other equity instruments.
Fund’s beta is 0.73. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 6.5. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.66% for direct plans.
One can invest as low as Rs 5,000 through lump sum and Rs 1,000 through SIP for 6 months in this fund. While there is no lock-in period, this fund has exit load of 0.5% if redeemed within 90 days.
This fund has been a consistent performer that has generated 20.5% annualised returns since inception of direct plans in 2013.
This fund outperformed the category average returns in the last 1 year, 3 years, 5 years and 10 years time frame. Since this fund invests in infrastructure and infra related companies, it is high risk fund. Like I indicated in earlier sections, Government push on infrastructure related development is boosting this sector. High risk investors can invest some portion of their investments in such funds for short to medium term perspective.
Another good idea can be investing in any of the Equity Mutual Funds that generated positive returns every year in the last 10 years.
#11 – Quant Tax Plan
Investment Objective:
The scheme aims to generate capital appreciation by investing predominantly in equity shares with growth potential. The secondary objective is to give dividend and other income.
Performance Details
Absolute Returns of the fund
1-Year Return: 60.5%
2-Year Return: 79.9%
3-Year Return: 115.4%
5-Year Return: 360.5%
10-Year Return: 936.9% (1 lakh would have turned into 10.36 Lakhs)
Annualised Returns of the fund
1-Year Return: 60.5%
2-Year Annualised Return: 34.1%
3-Year Annualised Return: 29.2%
5-Year Annualised Return: 35.7%
10-Year Annualised Return: 26.3%
Our view about this mutual fund scheme
This is a tax saving mutual fund scheme that invests 95% in equity and balance in other instruments.
Its equity component is 47% in large cap, 27% in midcap, 7% in small cap and balance in other equity instruments.
Fund’s beta is 1.06. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is 8.9. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.77% for direct plans.
One can invest as low as Rs 500 through lump sum and Rs 500 through SIP for 6 months in this fund. This fund as 3 year lock-in period and no exit load.
This fund has been a consistent performer that has generated 23.1% annualised returns since inception of direct plans in 2013.
This fund outperformed the category average returns in the last 1 year, 3 years, 5 years and 10 years time frame.
This fund provides an income tax exemption u/c 80c for the investments done up to Rs 1.5 lakhs during the financial year, however, has 3 year lock-in period. Moderate to high risk investors who are looking for tax savings u/c 80c can invest in such funds. Other investors can go for simple equity funds that do not have any lock-in period.
#12 – Axis Long Term Equity Fund
Investment Objective:
The scheme aims to generate regular long term capital growth from a diversified portfolio of equity and equity related securities. The Scheme Will invest in companies with strong growth & a sustainable business model.
Performance Details
Absolute Returns of the fund
1-Year Return: 31.8%
2-Year Return: 42.3%
3-Year Return: 43.3%
5-Year Return: 106.5%
10-Year Return: 366.7% (1 lakh would have turned into 4.66 Lakhs)
Annualised Returns of the fund
1-Year Return: 31.8%
2-Year Annualised Return: 19.2%
3-Year Annualised Return: 12.7%
5-Year Annualised Return: 15.6%
10-Year Annualised Return: 16.6%
Our view about this mutual fund scheme
This is a tax saving ELSS mutual fund scheme that invests 95% in equity and balance in other instruments.
Its equity component is 46% in large cap, 22% in midcap, 5% in small cap and balance in other equity instruments.
Fund’s beta is 1.03. It is a measure of the fund’s sensitivity to the market movement. Beta of less than 1 indicates that the fund would have lower swing compared to the ups and downs of the benchmark. Beta of more than 1 indicates that the fund would have wider swings compared to the benchmark.
Alpha is minus 6.7. It is a measure of extra returns provided by the fund compared to the benchmark. Investors should prefer high alpha funds which can generate higher returns.
Its expense ratio is 0.76% for direct plans.
One can invest as low as Rs 500 through lump sum and Rs 500 through SIP for 6 months in this fund. This fund has a 3 years lock-in period and no exit load.
This fund has generated 17.7% annualised returns since inception of direct plans in 2013.
This fund underperformed the category average returns in the last 1 year, 3 years, 5 years and 10 years time frame.
This fund provides an income tax exemption u/c 80c for the investments done up to Rs 1.5 lakhs during the financial year, however, has 3 year lock-in period. There are better funds in this category where investors can review and invest.
Chat GPT Recommended Mutual Funds for 2024 Video Proof
Now some critics would come and say this list is fake and ChatGPT would not provide any latest mutual fund recommendations for 2024. Here is the video recorded which has the question and its response.
Should you invest in Chat GPT recommended equity funds?
It is immaterial whether any recommendations are coming from Chat GPT or from my articles. Investors should first consider their investment goals, tenure and risk tolerance (high risk, moderate risk or low risk) as a first step.
As a second step, you can filter mutual funds based on medium to long term performance on how well such funds performed in various market cycles and finally expert views can add value to your decision.
Suresh KP is the Founder of Myinvestmentideas. He is NISM Certified – Investment Adviser and NISM Certified – Research Analyst. He has been analyzing financial markets in the last 20 years.He can be reached at suresh@myinvestmentideas.com Latest posts by Suresh KP (see all)
