These nine mutual funds managed to beat benchmarks over last decade: Check the top performer

In short, it can be said that these nine funds have been the most dependable ones in the last 10 years.

These funds that have performed better than their benchmarks and category average at least 65% of the time during significant market falls, Value Research said.

The Parag Parikh Flexi Cap Fund has emerged as the top-performer among the nine identified funds.

This fund has consistently outshone its peers over the last decade. A key contributing factor to its success is its flexibility in investing in international companies, maintaining an average of 22% in international equities, Value Research said.

This strategy has enabled the fund to generate alpha, delivering extra returns compared to other flexi-cap funds.

Notably, a common thread runs through all the funds on this list, with the exception of Quant ELSS Tax Saver Fund—they follow the 'growth at a reasonable price (GARP)' investment style.

The GARP strategy is a balanced approach, combining elements of both growth and value investing. In essence, it seeks to identify growing companies that are not overly expensive, allowing them to withstand market downswings without drastic reactions, Value Research said.

However, it's essential to highlight that these funds are not any recommendations.