Value mutual funds follow a disciplined approach of identifying fundamentally strong companies that are temporarily undervalued. These funds aim to provide long-term wealth creation by purchasing companies at prices lower than their intrinsic value. To keep this article insights-driven and practical, we analysed 3-Year and 5-Year rolling returns over the past 10 years (25-Oct-2015 to 24-Oct-2025) for Value Mutual Funds. This approach removes one-time period biases and reveals consistency across market cycles. Lets analyse these 5 Best Value Mutual Funds to invest in 2025 based on rolling returns.
What Are Rolling Returns?
Rolling returns measure fund performance over continuous, overlapping time frames (e.g., every 3-year period during the last 10 years). They reflect how consistently a fund has performed instead of relying on one start and end date.
For investors, Median Rolling Returns provide a clearer view of the most likely return experience than just maximum or minimum returns.
How We Shortlisted These Funds
We followed a structured selection approach:
- Considered Direct – Growth plans only.
- Analysed 10-year rolling return data from 27-Oct-2015 to 26-Oct-2025.
- Evaluated both 3-Year and 5-Year rolling returns.
- Favoured funds with:
- Higher Average & Median Rolling Returns
- Lower Negative Return Occurrences
- Higher share of >20% Upside Rolling Outcomes
- Excluded funds that showed persistent underperformance or structural strategy issues.
Top 5 Value Mutual Funds to Invest in 2025 (Based on Rolling Returns)
Period considered: 27-Oct-2015 to 26-Oct-2025 | Rolling Return Averages
| S No. | Value Fund | 3 Years Avg Rolling Return | 5 Years Avg Rolling Return |
|---|---|---|---|
| 1 | ICICI Prudential Value Fund | 17.68% | 19.06% |
| 2 | Nippon India Value Fund | 17.62% | 18.85% |
| 3 | JM Value Fund | 18.32% | 19.04% |
| 4 | HSBC Value Fund | 17.27% | 18.30% |
| 5 | Bandhan Value Fund | 17.94% | 19.70% |
Note: We use Direct plans throughout; values are rolling averages. Medians and upside/downside distribution are covered in each fund’s deep dive below.
Deep Dive into these Value Mutual Funds
#1 – ICICI Prudential Value Fund
Why this ranks #1: Strong balance of consistency, low downside occurrences, and high upside capture.
Rolling Returns (Last 10 Years windows):
- 3 Years: Avg 17.68%
- Median 20.70%
- Min −8.66%
- % of periods >20% 53.52%
- Negative periods 3.25%
- 5 Years: Avg 19.06%
- Median 16.12%
- Min 6.18%
- % of periods >20% 38.01%
- Negative periods 0%
CAGR (Point-to-Point):
- 3 Years: 23.1%
- 5 Years: 27.1%
- 10 Years: 16.3%
Why to Invest:
- Disciplined value investing framework
- Strong track record across cycles
- Suitable as a core value component in diversified portfolios
Who Can Invest:
- Long-term investors (5+ years)
- SIP investors looking for stable compounding
Risk Factors:
- Can underperform growth-oriented peers during momentum-driven rallies
#2 – Nippon India Value Fund
Highlight: Strong median returns and consistent downside control.
Rolling Returns (Last 10 Years windows):
- 3 Years: Avg 17.62%
- Median 19.48%
- Min −6.48%
- % of periods >20% 48.23%
- Negative periods 3.89%
- 5 Years: Avg 18.85%
- Median 17.02%
- Min 6.72%
- % of periods >20% 37.77%
- Negative periods 0%
CAGR (Point-to-Point):
- 3 Years: 23.5%
- 5 Years: 26.4%
- 10 Years: 16.4%
Why to Invest:
- Blended sector exposure providing diversification
- Performs well across market cycles
Who Can Invest:
- Investors seeking steady wealth creation
- Those preferring a SIP-led long-term strategy
Risk Factors:
- May slightly trail aggressive value funds during fast rallies
#3 – JM Value Fund
Highlight: Excellent 5-Year rolling return consistency; strong upside participation.
Rolling Returns (Last 10 Years windows):
- 3 Years: Avg 18.32%
- Median 18.41%
- Min −6.69%
- % of periods >20% 44.83%
- Negative periods 7.50%
- 5 Years: Avg 19.04%
- Median 17.41%
- Min 8.45%
- % of periods >20% 41.22%
- Negative periods 0%
CAGR (Point-to-Point):
- 3 Years: 25.5%
- 5 Years: 26.4%
- 10 Years: 17.6%
Why to Invest:
- Strong long-term compounding potential
- Well-balanced portfolio strategy
Who Can Invest:
- Long-term investors seeking return stability
- Ideal for SIP-based accumulation
Risk Factors:
- May underperform in short-term market corrections
#4 – HSBC Value Fund
Highlight: Strong median 3-Year performance with meaningful upside capture.
Rolling Returns (Last 10 Years windows):
- 3 Years: Avg 17.27%
- Median 19.16%
- Min −9.67%
- % of periods >20% 46.37%
- Negative periods 7.38%
- 5 Years: Avg 18.30%
- Median 15.97%
- Min 7.66%
- % of periods >20% – 37.68%
- Negative periods 0%
CAGR (Point-to-Point):
- 3 Years: 25.4%
- 5 Years: 26.7%
- 10 Years: 16.9%
Why to Invest:
- Globally experienced investment framework
- Balanced approach to domestic value allocation
Who Can Invest:
- Ideal for those building a core multi-year portfolio
Risk Factors:
- Periodic volatility during sector rotations
#5 – Bandhan Value Fund
Highlight: High upside potential on 3-Year and 5-Year rolling periods.
Rolling Returns (Last 10 Years windows):
- 3 Years: Avg 17.94%
- Median 18.91%
- Min −13.24%
- % of periods >20% – 46.48%
- Negative periods 12.49%
- 5 Years: Avg 19.70%
- Median 17.88%
- Min 6.48%
- % of periods >20% – 41.19%
- Negative periods 0%
CAGR (Point-to-Point):
- 3 Years: 19.3%
- 5 Years: 28.1%
- 10 Years: 16.8%
Why to Invest:
- Attractive long-term compounding story
- Suitable for investors seeking growth with value focus
Who Can Invest:
- Investors with medium-to-high risk capacity and 5–7+ year horizon
Risk Factors:
- Higher drawdowns observed during bearish markets
Comparison Summary (Rolling Returns Performance)
| Fund Name | 3 Years Median | 5 Years Median | % of Times >20% (3 Years) | % of Times >20% (5 Years) |
|---|---|---|---|---|
| ICICI Prudential Value Fund | 20.70% | 16.12% | 53.52% | 38.01% |
| Nippon India Value Fund | 19.48% | 17.02% | 48.23% | 37.77% |
| JM Value Fund | 18.41% | 17.41% | 44.83% | 41.22% |
| HSBC Value Fund | 19.16% | 15.97% | 46.37% | 37.68% |
| Bandhan Value Fund | 18.91% | 17.88% | 46.48% | 41.19% |
Conclusion
These five value mutual funds stand out due to their rolling return consistency, balanced downside protection, and meaningful long-term upside capture.
Invest using SIP if you expect volatility in the short term. For lumpsum investments, stagger entries over several months.
Value investing rewards patience. A holding period of 5–7+ years is recommended.
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Dear Suresh ji,
3,5 & 10 year rolling performance shows always good returns, hence will you please guide us on best rolling returns by selected Mutual funds considering only 1 year performance.
Best Regards
Hello Sanjeev
3 to 5 years rolling returns are computed based on last 10 years data. Means there are both upsides / downsides / bull runs / bearish markets, hence this view gives correct view consider +/-. If we take only 1 year rolling returns, it would get skewed (both in bull run or bearish markets)