The value style of investing has done well in the past few years. To capitalise on this performance, fund houses are on a fund-launching spree. While Axis and Bandhan Asset Management Company (AMC) have announced schemes tracking the Nifty500 Value 50 Index, ICICI Prudential AMC has launched new fund offers (NFOs) for both an index fund and an exchange-traded fund (ETF) tracking the Nifty 200 Value 30 Index.