Value Mutual Funds: Mutual funds are divided into several categories based on their investments, such as large cap, mid cap, flexi cap. Apart from these, dividend yield, sectoral, ELSS tax saver and value mutual funds are also available.
Value funds are those that invest in shares of companies that are undervalued. Value mutual fund schemes can be ideal for investors who have a long investment horizon, as the market may take time to recognize the true value of a company and hence the share price may also take time to increase.
Today we will tell you about 3 such value mutual fund schemes, which made investors who did a monthly SIP of Rs 10,000 into millionaires. According to the data of the Association of Mutual Funds in India (AMFI), Bandhan Sterling Value Fund, Nippon India Value Fund, HSBC Value Fund and JM Value Fund are the value mutual fund schemes that have given the best returns in the last 10 years. These schemes have given returns ranging from 14.36 percent to 16.88 percent in the last decade.
Nippon India Value Fund
This scheme was launched in June 2005. This open-ended scheme has given returns of 16.95 percent since then. If someone had invested Rs 10,000 every month for 17 years in this scheme, his corpus would have become Rs 1.01 crore with an annual return of 16.86 percent.
JM Value Fund
This scheme was launched in June 1997. This open-ended scheme has given a return of 16.74 percent since then. If someone invested Rs 10,000 every month in this scheme, then his corpus would have become Rs 1.03 crore. However, it took 19 years for this scheme to build a corpus of Rs 1 crore.
Bandhan Sterling Value Fund
This scheme was launched in March 2008. This open-ended scheme has given a return of 17.01 percent since then. If someone had invested Rs 10,000 every month for 17 years in this scheme, his corpus would have become Rs 1.10 crore with an annual return of 17.62 percent.
(Disclaimer: Mutual Fund investment is subject to market risk. If you wish to invest in it, consult a certified investment advisor first. rightsofemployees will not be responsible for any of your gains or losses.)
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