January 5, 2024
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Momentum continues in value funds
Value stocks have continued their upward journey for the third year in a row. In 2023, the Nifty 500 Value 50 Total Return Index (TRI) delivered 63%, notably outperforming the Nifty 50 TRI that gained 21%. Value factor is expected to outperform the broader markets in the recovery phase. Value had been a stark underperformer throughout the 2010s as Growth stocks were in favour across markets.
Experts attribute that value has made a strong comeback post the COVID-19 crash. In the case of Indian markets, the value factor tends to be overweight on PSUs and PSBs. PSUs and PSBs in the Financial Services, Commodities, and Energy sectors have done exceedingly well.
There are 20 actively managed and two passive value funds available in the market. The active value funds category delivered an average return of 35% in 2023.
Quicklinks
- Staffavailable.com
- BigGaddi.com
- ChanakyaMFGuidance.com
- Magajmari.com
- AnalysisLibrary.com
- Calls for the Day
