Which is the Best Mutual Fund for 2024?

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The phrase "Best Mutual Fund" holds significant sway in the financial world, with various entities like YouTubers, financial advisors, bankers, and investment apps often promoting specific funds. However, a deeper examination reveals a more nuanced reality. By analyzing the returns of different flexicap funds over the past decade and categorizing them into quartiles, it becomes evident that the top-performing funds in one year often do not maintain their position the following year. In fact, there is only a 25% chance that a mutual fund in the top quartile will remain there in the subsequent year. This challenges the notion of a singular "best mutual fund" and highlights the importance of relying on data rather than subjective recommendations

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