Value Funds: buying cheap, waiting patiently

Value funds follow a value-investing style — buying companies trading below what the manager thinks they're worth, then waiting for the price to catch up.

• Behaviour: can lag for years, then surge when value comes back in favour (style cycles).
• Temperament: needs patience — value and growth take turns leading.

Good as a diversifier alongside growth-tilted funds, for investors with a long horizon. Equity taxation applies.

→ Screen value funds in the MF screener.