These 5 value funds became rich in 2023, gave returns up to 43%

Before investing money in any mutual fund, investors must know about the past returns given by that scheme. Apart from this, other things also have to be taken into consideration including the reputation of the fund house, scheme category and overall market performance

Value funds are those mutual fund schemes which use value investment strategy. This scheme invests minimum 65 percent in shares

According to Morning Star data, the value fund category has given 33.29 percent returns in the year 2023.

There are 23 schemes in the value fund category. Their total AUM is Rs 1.25 lakh crore.

Aditya Birla Sun Life Pure Value Fund has given the highest return this year at 42.36 percent

JM Value Fund has given 46.62 percent return. Whereas, Nippon India Value Fund has given 39.33 percent return.

HSBC Value Fund has given 39.04 percent returns in the last one year. Whereas, Axis Value Fund has given 38.65 percent return.