DSP Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹24.18+1.46%1 day
- Return since launch
- 15.8%
- 52-week range
- ₹21.49 — ₹24.17
- AUM
- ₹2,225 Cr
DSP Value Fund is a Value & Contra equity fund from DSP Mutual Fund with ₹2,225 Cr under management, launched in 2020. Over three years it has returned 10.7% a year, against 12.3% for its category. The expense ratio is 2.40% and the SEBI riskometer reading is Very High.
Performance
DSP Value Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.3% against -1.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 9.2% | +8.2 pts | 1.1% | 3.2% |
| 2Y | 10.1% | +6.2 pts | 3.9% | 3.1% |
| 3Y | 10.7% | −1.7 pts | 12.3% | 4.3% |
| 5Y | 14.2% | +2.9 pts | 11.3% | 10.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.2% | +0.3 pts | 5.9% | 6.3% |
| 3M | 0.3% | +1.5 pts | -1.1% | -1.5% |
| 6M | 3.4% | +0.9 pts | 2.6% | 2.1% |
| 1Y | 6.8% | +5.8 pts | 1.1% | -0.2% |
| 2Y | 8.2% | +6.7 pts | 1.5% | 1.1% |
| 3Y | 16.4% | +4.1 pts | 12.3% | 11.7% |
| 5Y | 12.3% | +1.0 pts | 11.3% | 10.6% |
Since launch (20 Nov 2020): 15.8%
Calendar-year returns
Category average31.0%
-2.5%
29.9%
20.7%
11.5%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 11.5% | +5.8 pts | 5.8% |
| 2024 | 20.7% | −1.5 pts | 22.2% |
| 2023 | 29.9% | −5.4 pts | 35.3% |
| 2022 | -2.5% | −10.0 pts | 7.5% |
| 2021 | 31.0% | −6.6 pts | 37.6% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.35%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.71%
- Brokerage
- 0.07%
- Transaction charges
- 0.01%
- Statutory levies
- 0.56%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 5.94 | 5.16 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.66 | 1.06 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.82 | 0.59 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.14 | 0.87 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 11.37 | 17.99 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
DSP Value Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity92.3%
- Other7.7%
Market cap split
- Large82.7%
- Mid12.8%
- Small4.5%
- P/E
- 16.85
- P/B
- 2.70
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 9.45% | ₹210 Cr | +8.55% | -3.00% | -6.08% |
| ICICI Bank Ltd. | Financial | 8.22% | ₹183 Cr | +8.43% | — | — |
| Others | Others | 6.70% | ₹149 Cr | +29.40% | +43.80% | +30.24% |
| Nifty 50 | Financial | 3.98% | ₹88.56 Cr | +4.74% | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 3.29% | ₹73.23 Cr | +3.32% | +1.11% | — |
| NTPC Ltd. | Energy | 2.65% | ₹58.95 Cr | +1.34% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 2.59% | ₹57.57 Cr | +1.15% | +1.35% | +1.50% |
| HDFC Asset Management Company Ltd. | Financial | 2.57% | ₹57.24 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | 2.56% | ₹56.91 Cr | +2.25% | — | — |
| Axis Bank Ltd. | Financial | 2.48% | ₹55.27 Cr | +2.46% | — | — |
| Bharti Airtel Ltd. | Communication | 2.47% | ₹55.03 Cr | +2.94% | +3.13% | +2.86% |
| Alkem Laboratories Ltd. | Healthcare | 2.43% | ₹53.97 Cr | +0.88% | — | — |
| Hero Motocorp Ltd. | Automobile | 2.30% | ₹51.14 Cr | +1.81% | +1.20% | +1.69% |
| Cipla Ltd. | Healthcare | 2.29% | ₹51.02 Cr | +1.79% | +1.19% | +1.90% |
| SBI Life Insurance Company Ltd. | Insurance | 2.13% | ₹47.48 Cr | +2.16% | — | — |
| State Bank of India | Financial | 2.02% | ₹45.05 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 1.99% | ₹44.30 Cr | +2.21% | — | — |
| Indus Towers Ltd. | Communication | 1.90% | ₹42.25 Cr | +1.39% | +1.90% | +1.48% |
| Kotak Mahindra Bank Ltd. | Financial | 1.68% | ₹37.45 Cr | -0.02% | -4.48% | — |
| WCM Global Equity Fund | Others | 1.65% | ₹36.70 Cr | +1.89% | +2.10% | +2.74% |
| Infosys Ltd. | Technology | 1.61% | ₹35.79 Cr | +1.25% | +2.10% | +3.15% |
| Power Grid Corporation Of India Ltd. | Energy | 1.55% | ₹34.45 Cr | +1.92% | +2.66% | +2.18% |
| Harding Loevner Global Equity Fund Calss A | Others | 1.44% | ₹31.95 Cr | +1.54% | +1.88% | +5.31% |
| Oberoi Realty Ltd. | Construction | 1.43% | ₹31.86 Cr | +1.43% | +1.40% | +1.34% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.40% | ₹31.11 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 1.34% | ₹29.74 Cr | +1.86% | +3.19% | +2.99% |
| Emami Ltd. | Consumer Staples | 1.25% | ₹27.75 Cr | — | — | — |
| Microsoft Corportion (US) | Technology | 1.13% | ₹25.23 Cr | +0.92% | +1.22% | +2.10% |
| NVIDIA Corporation (USA) | Capital Goods | 1.06% | ₹23.62 Cr | +1.03% | +1.21% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.05% | ₹23.27 Cr | +1.25% | +1.63% | +2.15% |
| Ultratech Cement Ltd. | Materials | 1.04% | ₹23.24 Cr | +1.21% | +1.55% | +1.06% |
| Knowledge Realty Trust | Construction | 1.02% | ₹22.64 Cr | — | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.02% | ₹22.58 Cr | — | — | — |
| Sony Group Corporation Forgn Eq | Consumer Staples | 1.01% | ₹22.51 Cr | +0.95% | +1.27% | +0.99% |
| Max Financial Services Ltd. | Financial | 1.00% | ₹22.16 Cr | — | — | — |
| Amazon. com Inc. (USA) | Services | 0.93% | ₹20.64 Cr | +0.99% | +1.16% | +1.22% |
| Coromandel International Ltd. | Chemicals | 0.90% | ₹20.12 Cr | +1.16% | — | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.84% | ₹18.73 Cr | +0.84% | +0.91% | +1.43% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.84% | ₹18.59 Cr | +1.46% | +1.85% | +1.36% |
| Contemporary Amperex Technology Co Ltd. | Technology | 0.81% | ₹18.03 Cr | +0.91% | +1.23% | +1.34% |
| Jindal Steel Ltd. | Metals & Mining | 0.74% | ₹16.45 Cr | +0.78% | +1.85% | +0.68% |
| LT Foods Ltd. | Consumer Staples | 0.73% | ₹16.25 Cr | +0.75% | +1.00% | +0.95% |
| Life Insurance Corporation of India | Insurance | 0.73% | ₹16.15 Cr | — | — | — |
| Schneider Electric Sa (France) | Others | 0.71% | ₹15.90 Cr | +0.78% | +0.85% | +1.10% |
| KFin Technologies Ltd. | Financial | 0.67% | ₹14.90 Cr | +0.79% | +0.52% | — |
| Alibaba Group Holdings Ltd. | Services | 0.67% | ₹14.80 Cr | +0.65% | +0.97% | +1.77% |
| Oil India Ltd. | Energy | 0.64% | ₹14.16 Cr | +1.23% | +1.66% | +0.24% |
| iShares S&P 500 Energy Sector UCITS ETF USD | Unclassified | 0.62% | ₹13.85 Cr | +0.59% | +0.93% | +0.79% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.59% | ₹13.18 Cr | +0.42% | +0.47% | +1.42% |
| Tencent Holdings Ltd. | Technology | 0.59% | ₹13.16 Cr | +0.66% | +1.00% | +1.68% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.59% | ₹13.10 Cr | +0.75% | +0.85% | +1.16% |
| Tata Motors Ltd. | Automobile | 0.58% | ₹13.01 Cr | +1.35% | +1.57% | — |
| CE Info Systems Ltd. | Technology | 0.55% | ₹12.15 Cr | +0.58% | +0.64% | — |
| Novo Nordisk A/S - ADR | Healthcare | 0.51% | ₹11.27 Cr | +0.71% | +0.73% | +1.10% |
| Trip.Com Group Ltd. | Services | 0.43% | ₹9.65 Cr | — | — | — |
| Midea Group Co Ltd. | Capital Goods | 0.42% | ₹9.40 Cr | +0.42% | — | — |
| Nike Inc. | Consumer Discretionary | 0.37% | ₹8.17 Cr | +0.47% | +0.82% | +1.32% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.34% | ₹7.50 Cr | +0.45% | +0.59% | +0.92% |
| SK Hynix Inc | Capital Goods | 0.25% | ₹5.66 Cr | +0.37% | +1.18% | +1.66% |
| Ipca Laboratories Ltd. | Healthcare | 0.25% | ₹5.57 Cr | +0.74% | +0.94% | +1.03% |
| iShares Global Healthcare ETF | Unclassified | 0.23% | ₹5.06 Cr | +0.24% | +0.31% | +0.36% |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.23% | ₹5.06 Cr | +0.26% | +0.29% | +0.51% |
| Cyient Ltd. | Technology | 0.19% | ₹4.15 Cr | +0.31% | +0.36% | +0.72% |
| Syngene International Ltd. | Healthcare | 0.18% | ₹4.04 Cr | — | — | — |
| Abbott India Ltd. | Healthcare | 0.17% | ₹3.84 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | -0.00% | ₹-0.00 Cr | -0.04% | -5.02% | — |
| Bajaj Finance Ltd. | Financial | -0.00% | ₹-0.08 Cr | -0.02% | -1.40% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 6.70% | 1.04% | -5.66% |
| HDFC Bank Ltd. | 7.98% | 9.45% | +1.47% |
| Knowledge Realty Trust | 0.00% | 1.02% | +1.02% |
| Max Financial Services Ltd. | 0.00% | 1.00% | +1.00% |
| HDFC Asset Management Company Ltd. | 1.72% | 2.57% | +0.85% |
| Cipla Ltd. | 1.53% | 2.29% | +0.76% |
| Oil India Ltd. | 1.27% | 0.64% | -0.63% |
| Maruti Suzuki India Ltd. | 1.96% | 2.59% | +0.63% |
| Alkem Laboratories Ltd. | 1.87% | 2.43% | +0.56% |
| Bajaj Finance Ltd. | -0.01% | -0.56% | -0.55% |
| NTPC Ltd. | 2.19% | 2.65% | +0.46% |
| Larsen & Toubro Ltd. | 0.89% | 1.34% | +0.45% |
| Kotak Mahindra Bank Ltd. | -0.03% | -0.47% | -0.44% |
| Hero Motocorp Ltd. | 1.88% | 2.30% | +0.42% |
| Oil And Natural Gas Corporation Ltd. | 0.98% | 1.40% | +0.42% |
| Axis Bank Ltd. | 2.12% | 2.48% | +0.36% |
| Infosys Ltd. | 1.26% | 1.61% | +0.35% |
| Emami Ltd. | 0.90% | 1.25% | +0.35% |
| ITC Ltd. | 2.25% | 2.56% | +0.31% |
| ICICI Bank Ltd. | 7.92% | 8.22% | +0.30% |
| ICICI Lombard General Insurance Company Ltd. | 0.73% | 1.02% | +0.29% |
| Nifty 50 | 4.26% | 3.98% | -0.28% |
| Tata Motors Passenger Vehicles Ltd. | 0.33% | 0.59% | +0.26% |
| Indus Towers Ltd. | 1.71% | 1.90% | +0.19% |
| Syngene International Ltd. | 0.00% | 0.18% | +0.18% |
| Abbott India Ltd. | 0.00% | 0.17% | +0.17% |
| Mahindra & Mahindra Ltd. | 3.40% | 3.29% | -0.11% |
| CE Info Systems Ltd. | 0.65% | 0.55% | -0.10% |
| KFin Technologies Ltd. | 0.77% | 0.67% | -0.10% |
| Novo Nordisk A/S - ADR | 0.60% | 0.51% | -0.09% |
| Oberoi Realty Ltd. | 1.34% | 1.43% | +0.09% |
| LT Foods Ltd. | 0.82% | 0.73% | -0.09% |
| HDFC Life Insurance Co Ltd. | 2.08% | 1.99% | -0.09% |
| Bharti Airtel Ltd. | 2.56% | 2.47% | -0.09% |
| Coromandel International Ltd. | 0.98% | 0.90% | -0.08% |
| Sun Pharmaceutical Industries Ltd. | 0.91% | 0.84% | -0.07% |
| Bharat Electronics Ltd. | 1.12% | 1.05% | -0.07% |
| Trip.Com Group Ltd. | 0.50% | 0.43% | -0.07% |
| Tata Motors Ltd. | 0.65% | 0.58% | -0.07% |
| Bharat Petroleum Corporation Ltd. | 0.90% | 0.84% | -0.06% |
| SBI Life Insurance Company Ltd. | 2.19% | 2.13% | -0.06% |
| State Bank of India | 1.97% | 2.02% | +0.05% |
| Contemporary Amperex Technology Co Ltd. | 0.76% | 0.81% | +0.05% |
| Sony Group Corporation Forgn Eq | 1.06% | 1.01% | -0.05% |
| Ultratech Cement Ltd. | 1.09% | 1.04% | -0.05% |
| Alibaba Group Holdings Ltd. | 0.71% | 0.67% | -0.04% |
| Life Insurance Corporation of India | 0.77% | 0.73% | -0.04% |
| NVIDIA Corporation (USA) | 1.02% | 1.06% | +0.04% |
| Jindal Steel Ltd. | 0.78% | 0.74% | -0.04% |
| Midea Group Co Ltd. | 0.46% | 0.42% | -0.04% |
| Nike Inc. | 0.40% | 0.37% | -0.03% |
| Amazon. com Inc. (USA) | 0.96% | 0.93% | -0.03% |
| Hindustan Petroleum Corporation Ltd. | 0.62% | 0.59% | -0.03% |
| Tencent Holdings Ltd. | 0.62% | 0.59% | -0.03% |
| Reliance Industries Ltd. | -0.04% | -0.02% | +0.02% |
| Harding Loevner Global Equity Fund Calss A | 1.46% | 1.44% | -0.02% |
| Godrej Consumer Products Ltd. | 0.36% | 0.34% | -0.02% |
| Power Grid Corporation Of India Ltd. | 1.57% | 1.55% | -0.02% |
| company:20274 | 0.02% | 0.00% | -0.02% |
| Ipca Laboratories Ltd. | 0.27% | 0.25% | -0.02% |
| Schneider Electric Sa (France) | 0.73% | 0.71% | -0.02% |
| SK Hynix Inc | 0.24% | 0.25% | +0.01% |
| Microsoft Corportion (US) | 1.12% | 1.13% | +0.01% |
| Cyient Ltd. | 0.20% | 0.19% | -0.01% |
| iShares S&P 500 Energy Sector UCITS ETF USD | 0.62% | 0.62% | 0.00% |
| Alembic Pharmaceuticals Ltd. | 0.23% | 0.23% | 0.00% |
| iShares Global Healthcare ETF | 0.23% | 0.23% | 0.00% |
| WCM Global Equity Fund | 1.65% | 1.65% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,042 Cr | 2.43% | 12.8% | 9.8% | 14.5% |
 HDFC Value Fund | ₹8,039 Cr | 1.87% | 10.9% | 9.3% | 13.7% |
 Quant Value Fund | ₹1,917 Cr | 2.31% | 8.0% | 7.3% | — |
 Axis Value Fund | ₹1,877 Cr | 2.20% | 13.0% | 10.5% | 15.8% |
 LIC MF Value Fund | ₹336 Cr | 3.33% | 19.4% | 12.2% | 14.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate consistent returns by investing in equity and equity related or fixed income securities which are currently undervalued.
Fund managers
- Abhishek SinghMr. Singh is a B-Tech, IIT Kanpur PGDM, IIM LucknowPrior to joining DSP Mutual Fund he has worked with EdelCap Securities Limited, Systematic Trading Division. Kotak Securities Limited, Proprietary Trading and Structured Products Division. Kotak Mahindra Investments Limited, Structured Products Division.
- Kaivalya NadkarniMs. Nadkarni has done B.Com, CA, CS and CFAPrior to joining DSP Mutual Fund, she has worked with ICICI Prudential MF, RSN & Company and G.M.Kapadia & Co
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.44% absolute | ₹60,000 | ₹62,064 | 3.44% | |
| 1 year6.82% annualised | ₹1,20,000 | ₹1,24,527 | 3.77% | |
| 3 years16.41% annualised | ₹3,60,000 | ₹4,67,459 | 29.85% | |
| 5 years12.33% annualised | ₹6,00,000 | ₹8,32,422 | 38.74% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of DSP Value Fund?
The NAV of DSP Value Fund is ₹24.18 as on 6 Nov 2026.
What is the expense ratio of DSP Value Fund?
The expense ratio of DSP Value Fund is 2.40% per year.
What is the minimum SIP amount for DSP Value Fund?
You can start a SIP in DSP Value Fund with ₹3,000 a month.
What returns has DSP Value Fund given?
DSP Value Fund has returned 9.2% over 1 year, 10.7% over 3 years and 14.2% over 5 years (annualised).
Is there a lock-in or exit load on DSP Value Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months..
How risky is DSP Value Fund?
DSP Value Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages DSP Value Fund?
DSP Value Fund is managed by DSP Mutual Fund, which runs 60 schemes with ₹2,47,696 Cr under management.