As one can see in the table above, Bandhan Value Fund delivered 30.51 percent annualised return in the past five years. Other schemes which gave more than 25 percent CAGR return include Templeton India Value Fund (29.04%) and Nippon India Value Fund (27.90%).

Under current rules, each AMC can have only one scheme per category, whether it’s a large-cap fund, a mid-cap fund, or a hybrid.

Time horizon plays a key role in deciding the right type of mutual fund. Equity funds should typically be held for at least 7 years, according to Jiral Mehta, senior research analyst at FundsIndia. “This increases the odds of earning reasonable returns and reduces the risk of negative outcomes,” he said.