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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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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.