Value funds shine with strong performance

Value investing targets undervalued or turnaround companies with a strong potential for long-term appreciation. Here's how our handpicked value funds have performed lately. ICICI Pru Value Discovery This fund invests around 75 per cent of its assets in the top 100 stocks at bargain prices, resulting in a lower P/E ratio than the market. Ranked among the top five value funds over the last five years, it has consistently outperformed since 2020, though it might lag behind in high-growth markets. The fund's strength mainly lies in selectively investing i