New Delhi, May 5 -- If you are looking to invest in a mutual fund, it is vital to examine the scheme's past returns and compare them with schemes in the same category. Although past returns do not guarantee future returns, they definitely give an indication of the scheme's future prospects.

Here, we list eight value mutual funds which have delivered over 25 per cent annual returns in the past five years.

Value mutual funds refer to schemes which follow a value investment strategy, with at least 65 per cent in stocks. Equity funds may be categorised based on the valuation parameters adopted in stock selection. One is growth funds, which identify momentum stocks that are expected to perform better than the market.

The other category is v...