The MF industry has also urged the finance ministry to align the capital gains tax rates of debt MF schemes with that of listed bonds.

Small-cap mutual funds are highlighted as promising investments amid bullish markets, with 13 funds outperforming benchmarks over three years

Every year on the occasion of New Year, people make new resolutions to improve their lives. Some promise to give up bad habits, while others talk about focusing on fitness or diet. At the same time, many people also resolve to become financially strong and save.

In the past two to three years, the highest-performing mutual fund schemes have been smallcap and midcap funds, along with specific thematic funds.