Nippon, UTI mutual funds top picks of brokerage. Here's why3 min read . Updated: 13 Jan 2023, 10:55 PM IST
- The outlook ahead for the mutual funds market seems to be strong, and thereby BOB Capital Markets has recommended buying two mutual funds. These are Nippon AMC and UTI AMC.
The Indian mutual funds market is seen to be poised for 11% CAGR over FY22-FY27 aided by financial savings, product literacy, and digitalisation rise. The performance of the Systematic Investment Plan (SIP) has shown resiliency, while the equity mutual funds market has witnessed rapid growth in 2022 despite volatile markets. With strong fundamentals in the mutual funds market going forward, brokerage BOB Capital Markets has recommended buying two mutual funds. These are Nippon AMC and UTI AMC.
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