Money magnets of 2023

If a year could have the Midas touch, it was 2023. Everything it touched in the equity market turned to gold. The mid- and small-cap funds had a dream run. So did the large-cap funds, especially in the back half of the year. Heck, even active funds struck gold, stealing the thunder from their passive counterparts. You can thank controlled inflation, increased consumption, and amplified capital expenditure for sprinkling much-needed gold dust over the market, which was, until then, crying out for inspiration. All said and done, 2023 will be a gold standard for the mutual fund industry.