Best Mutual Funds to invest in 2023 as per ChatGPT AI

ChatGPT is an Artificial Intelligence tool that can provide answers to almost everything. While some question the accuracy in some areas, ChatGPT also provides personal finance tips and advice on mutual funds investing. I asked ChatGPT which are the Best Mutual Funds to invest in 2023 and it gave different responses till I got the response what I need to write this article. Let me summarise what ChatGPT says about investing in mutual funds, List of ChatGPT recommended mutual funds and our view about these funds.

What is the ChatGPT response on “Best mutual funds to invest in 2023”?

ChatGPT says,  “As an AI language model, I cannot provide financial advice or make predictions about the future performance of mutual funds. However, I can provide some general guidelines that can help investors make informed decisions when selecting mutual funds”.

ChagGPT Recommended Best Mutual Funds to invest in 2023

Essential Factors ChatGPT thinks to consider while investing in mutual funds

When investing in mutual funds, it is essential to consider factors such as the fund’s investment objective, performance history, fees, and risk profile.

ChatGPT provides Tips to pick-up Best Mutual Funds to invest in 2023

Here are some tips to help investors find the best mutual funds to invest in 2023:

#1 – Determine Your Investment Goals and Risk Tolerance

Before selecting a mutual fund, it is important to determine your investment goals and risk tolerance. This will help you choose a mutual fund that aligns with your investment objectives and helps you achieve your financial goals.

#2 – Research the Mutual Fund’s Performance

Investors should research the mutual fund’s performance over the long term, such as 5-10 years, and compare it with the benchmark index. It is also important to look at the fund’s historical returns and consistency of performance.

#3 – Look for Funds with Low Expense Ratios

Expense ratios can have a significant impact on the returns of mutual funds. Therefore, investors should look for funds with low expense ratios. Generally, index funds and exchange-traded funds (ETFs) have lower expense ratios than actively managed funds. You can look at 12 Low Cost Index Mutual funds recommended by us earlier.

#4 – Consider the Fund Manager’s Experience and Track Record

The fund manager’s experience and track record can be a good indicator of the fund’s potential for future performance. Therefore, investors should consider the fund manager’s investment style, experience, and performance history before investing.

#5 – Diversify Your Portfolio

It is important to diversify your portfolio across different asset classes and mutual funds. This can help reduce risk and increase the potential for long-term returns.

List of ChatGPT Recommended Mutual Funds to invest in 2023

Here is the list of mutual funds recommended by ChatGPT to invest in 2023 in India. (Refer Screenshot).

Best Mutual Funds to invest in 2023 as per ChatGPT AI – Performance and our view

1) HDFC Top 100 Fund

This is a large cap mutual fund. Currently, it invests 94% in large cap stocks and 6% in mid cap stocks.

This mutual fund was launched 26 years back and generated 19% annualised returns since inception (direct plans).

From an annualised returns perspective, this fund generated 13% annualised returns in last 10 years, 11% annualised returns in last 1 year and 5 years.

From the SIP returns perspective, it generated 13% to 15% annualised returns in last 5 to 10 years.

Even we recommended this fund earlier several times and it is one of the Best Mutual Funds to invest in 2023 that has a consistent track record. If you are a moderate risk investor and willing to invest for 5+ years, you can invest in such funds.

2) Axis Bluechip Fund

Even this is a large cap mutual fund. Currently it invests 99.2% in largecap stocks and small portion on midcap stocks

This mutual fund generated 14.2% annualised returns since inception of direct plans.

From an annualised returns perspective, this fund generated 14% annualised returns in last 10 years, 11.6% annualised returns in last 5 years and 0.8% returns in last 1 year.

From the SIP returns perspective, it generated 10% to 13% annualised returns in last 5 to 10 years.

Axis mutual funds have underperformed post the scam broke-out where some of their fund managers were front running. Axis Mutual Funds are among the worst performing mutual funds compared to any other peers among all segments.

Since ChatGPT might not have considered latest facts, I am personally neutral about such funds. Yes, my opinion might change in future once things stabilize.

3) SBI Small Cap Fund

This is a small cap mutual fund. Currently, it invests 62% in mid cap stocks and 38% in small cap stocks.

This mutual fund was launched 14 years back and generated 25% annualised returns (direct plan) since inception.

From an annualised returns perspective, this fund generated 26% annualised returns in last 10 years, 15% annualised returns in last 5 years and 9% returns in last 1 year.

From the SIP returns perspective, it generated 23% to 23.5% annualised returns in last 5 to 10 years.

Even we recommended this as one of the Best Mutual Funds to invest in 2023 in Smallcap segment several times on this blog. I have advised my son to invest in this fund who started his career a year back. If you are a high risk investor and willing to invest for 8-10 years or above, you can invest in such funds.

4) Mirae Asset Emerging Bluechip Fund

This is a large cap and mid cap mutual fund. Currently, it invests 55% in large cap stocks, 41% in mid cap stocks and 4% in small cap stocks.

This mutual fund was launched 12.5 years back and generated 21.6% annualised returns (direct plan) since inception.

From an annualised returns perspective, this fund generated 23% annualised returns in last 10 years, 15% annualised returns in last 5 years and 3% returns in last 1 year.

From the SIP returns perspective, it generated 17% to 19.5% annualised returns in last 5 to 10 years.

Even we recommended this as one of the Best Large Cap and Midcap Mutual Funds to invest in 2023. If you are a high risk investor and willing to invest for 5+ years, you can invest in such funds.

5) Aditya Birla Sun Life Frontline Equity Fund

Even this is a large cap mutual fund. Currently, it invests 94% in large cap stocks and 6% in mid cap stocks.

This mutual fund was launched 20 years back and generated 14% annualised returns since inception of direct plans.

From an annualised returns perspective, this fund generated 14% annualised returns in last 10 years, 10% annualised returns in last 5 years and 6% returns in the last 1 year.

From the SIP returns perspective, it generated 12% to 13% annualised returns in last 5 to 10 years.

Even we recommended this fund earlier several times and can be considered as one of the Best Mutual Funds to invest in 2023 from Largecap category. If you are a moderate risk investor and willing to invest for 5+ years, you can invest in such funds.

Can ChatGPT change the list of recommended mutual funds?

No one knows.

Crisil recommends mutual funds and the ratings can change every now and then. Value Research rates mutual funds which might change every quarter. There are several hundreds of mutual funds and hundreds of good performance, hence rating only 5 funds or 10 funds is difficult. Even on our blog we keep recommending 5-10 funds from different category of mutual funds. However some of them can become worst performing mutual funds later-on.

Can you depend on ChagGPT alone for mutual fund advice? Even can you invest in mutual funds based on recommended on this blog? The answer is NO. While ChatGPT or this blog gives initial guidance, one should analyse and invest in the mutual funds based on their risk appetite, tenure of investment and financial goals.

Have you liked our tips and analysis? Then share it on your Facebook, Twitter, Telegram and other social media which might be useful to your friends too.

6 comments

  1. Over the years no of mutual funds in my personal portfolio in different asset classes has exceeded to 50 ! But so far none of the mutual funds in my portfolio has given me negative returns. Some of them are invested in my early earning years.so sentiments also blocking me to sell them. What is your advise to reduce no of schemes ?

  2. ChatGPT doesn’t give any investment recommendations on investments. Pls stop misleading the mass.

    1. I have already shared the screenshot from ChatGPT with recommended funds in the article, check that including URL. Looks you have limited knowledge about ChatGPT. As an example, you keep asking the same question to ChatGPT and it would provide variety of answers including the recommended list wherever required.

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