From nearing Rs 50 trillion in assets under management (AUM) landmark to 40% rise in small-caps, 2023 was an eventful year for the Indian mutual fund industry. Removing taxation benefit on debt notes came as a negative surprise, while ESG investments too lost prominence. Moneycontrol spoke to Lovaii Navlakhi, Managing Director and CEO at International Money Matters about key investment trends of 2023, top mistakes that investors made during the year and what should investors look out for in 2024.