101 equity mutual funds doubled money in 5 years; 4 did it in just 3. Should you invest now?

More than 100 Indian equity mutual funds doubled investors’ money over five years, but experts caution against chasing past winners. While sectors such as defence, infrastructure and PSUs delivered stellar returns, recent performance has weakened. Fund managers recommend diversified equity funds over concentrated sector bets, citing attractive valuations and long-term opportunities despite near-term market volatility.

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