Comparing a mutual fund’s return is key to assessing its overall performance. Although there are a number of factors that play their role in determining the worth of a fund such as the reputation of a fund house, category of funds and the overall macro-economic scenario, but the past returns are also given a due weightage by investors before they start their investing journey.
Here, we give the lowdown on two top-performing value funds which have delivered high returns in the past one year.
As a category, value funds have given an average of 6.07 percent return in the past one year, Morning Star data shows. But the top-performing value funds gave far higher return with an annual return of over 15 percent.
As we can see in the table below, Quant Value Fund delivered a yearly return of 15.05 percent in the past one year, against the benchmark of 4.25 percent. Templeton India Value Fund, at the same time, gave a return of 15.46 percent against the benchmark of 23.16 percent.
|Value Funds||Return (%)||Benchmark returns (%)|
|Quant Value Fund||15.05||4.25|
|Templeton India Value Fund||15.46||23.16|
(Source: AMFI, direct returns as on December 30, 2022)
Templeton India Value Fund: It was launched in September 1996. The annualised returns of the scheme were 18.95 percent. This means if someone had invested ₹5,000 at that time, it would have grown to ₹2,39,804 by now.
The top 10 stocks in the portfolio of the scheme are ICICI Bank, HDFC Bank, SBI, Axis Bank, HCL Technologies, Grasim Industries, NTPC, Bharat Electronics, Tech Mahindra and ITC.
Quant Value Fund: This is a new fund and was launched in December 2021. It has both regular and direct plans with growth and IDCW options. The fund is managed by Sandeep Tandon, Ankit Pande, Sanjeev Sharma and Vasav Sahgal.