A broad-based rally in the Indian equity markets have helped value-focused funds deliver superior returns in the last one year. Value funds were out of favour as investors piled on to ‘growth’ stocks even at lofty valuations in the pre-pandemic world, leading to sharp polarisation in the stock market returns. But in the last one year, value funds have started delivering returns as investors have shifted their stocks away from growth stocks to ones that are available at attractive valuations. Mutual fund (MF) industry players believe that even now there is enough value in the market. “We believe value is in the early stages of playing catch-up with growth and quality which has significantly rallied over the past few years. Also, several stocks public sector undertakings (PSUs) and others which have been beaten down names over the past several years, have caught investor attention due to their deep value have started rallying. All of this put together, has helped value fun