Jan 08, 2025 02:48 PM IST
A value mutual fund is a scheme that puts at least 65% of the invested amount into stocks which are undervalued, but expected to perform well over time
A value mutual fund is a scheme that invests at least 65% of the invested amount in stocks that are undervalued but expected to perform well over time.
Multiple such value schemes have also delivered over 15% annualised return in the past 10 years. The following are six examples.
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| Value funds | 10-year-returns (%) | AUM ( ₹crore) |
|---|---|---|
| JM Value Fund | 17.52 | 1,071.88 |
| HSBC Value Fund | 16.83 | 13,462.85 |
| Nippon India Value Fund | 16.00 | 8,496.36 |
| ICICI Prudential Value Discovery Fund | 15.26 | 48,439.21 |
| Bandhan Sterling Value Fund | 15.22 | 9,897.05 |
| Tata Equity PE Fund | 15.04 | 8,474.22 |
Source: Association of Mutual Funds in India (AMFI) data as of January 7, 2025
The highest return was from JM Value Fund at 17.52% over a ten year period.
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The others are from HSBC Value Fund at 16.83%, Nippon India Value Fund at 16%, ICICI Prudential Value Discovery Fund at 15.26%, Bandhan Sterling Value Fund at 15.22%, and Tata Equity PE Fund at 15.04% return.
However, ICICI Prudential Value Discovery Fund is the largest fund among them all with assets under management (AUM) of ₹48,439.21 crore, while JM Value Fund which also delivered the highest return is the smallest fund at Rs1,071.88 crore.
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Mutual fund houses either offer a value fund or a contra fund, as per a Securities and Exchange Board of India (SEBI) circular on categorisation and rationalisation of mutual fund schemes.
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