DSP Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 23 Sep 2026
- ₹23.36+0.18%1 day
- Return since launch
- 15.7%
- 52-week range
- ₹21.49 — ₹24.17
- AUM
- ₹2,220 Cr
DSP Value Fund is a Value & Contra equity fund from DSP Mutual Fund with ₹2,220 Cr under management, launched in 2020. Over three years it has returned 9.6% a year, against 11.9% for its category. The expense ratio is 2.46% 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 +5.7% against 0.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.9% | +2.0 pts | 0.9% | -3.0% |
| 2Y | 6.9% | +5.7 pts | 1.2% | 0.0% |
| 3Y | 9.6% | −2.3 pts | 11.9% | 3.4% |
| 5Y | 13.6% | +2.1 pts | 11.5% | 10.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.5% | +0.8 pts | -3.3% | -3.8% |
| 3M | -0.6% | +0.7 pts | -1.3% | -1.7% |
| 6M | 5.9% | −0.8 pts | 6.7% | 5.4% |
| 1Y | 5.9% | +4.9 pts | 0.9% | -0.8% |
| 2Y | 4.3% | +7.2 pts | -2.9% | -3.4% |
| 3Y | 15.7% | +3.8 pts | 11.9% | 11.0% |
| 5Y | 11.7% | +0.2 pts | 11.5% | 10.8% |
Since launch (20 Nov 2020): 15.7%
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
2.40%
Expense ratio as on 22 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.72%
- Brokerage
- 0.08%
- Transaction charges
- 0.01%
- Statutory levies
- 0.59%
- 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 | 5.90 | 5.27 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.64 | 1.07 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.94 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.33 | 1.02 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 10.98 | 17.61 | 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 31 Aug 2026
Asset allocation
- Equity84.0%
- Other16.0%
Market cap split
- Large83.1%
- Mid12.1%
- Small4.8%
- P/E
- 17.98
- P/B
- 2.84
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 16.04% | ₹355 Cr | +25.05% | +28.71% | +24.03% |
| HDFC Bank Ltd. | Financial | 7.98% | ₹177 Cr | +0.01% | -3.61% | -6.44% |
| ICICI Bank Ltd. | Financial | 7.92% | ₹176 Cr | +7.34% | — | — |
| Nifty 50 | Financial | 4.26% | ₹94.58 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 3.40% | ₹75.57 Cr | +2.34% | — | — |
| Bharti Airtel Ltd. | Communication | 2.56% | ₹56.75 Cr | +3.14% | +3.18% | +2.60% |
| ITC Ltd. | Consumer Staples | 2.25% | ₹50.04 Cr | — | — | — |
| NTPC Ltd. | Energy | 2.19% | ₹48.69 Cr | — | — | — |
| SBI Life Insurance Company Ltd. | Insurance | 2.19% | ₹48.71 Cr | +1.44% | — | — |
| Axis Bank Ltd. | Financial | 2.12% | ₹47.01 Cr | +2.55% | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 2.08% | ₹46.18 Cr | +1.95% | — | — |
| State Bank of India | Financial | 1.97% | ₹43.78 Cr | — | — | — |
| Maruti Suzuki India Ltd. | Automobile | 1.96% | ₹43.45 Cr | +1.16% | +1.06% | +1.47% |
| Hero Motocorp Ltd. | Automobile | 1.88% | ₹41.76 Cr | +2.00% | +1.34% | +1.66% |
| Alkem Laboratories Ltd. | Healthcare | 1.87% | ₹41.54 Cr | — | — | — |
| HDFC Asset Management Company Ltd. | Financial | 1.72% | ₹38.29 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 1.71% | ₹37.94 Cr | +1.69% | +1.96% | +1.45% |
| WCM Global Equity Fund | Others | 1.65% | ₹36.73 Cr | +1.97% | +2.20% | +2.66% |
| Power Grid Corporation Of India Ltd. | Energy | 1.57% | ₹34.85 Cr | +2.11% | +2.66% | +2.16% |
| Cipla Ltd. | Healthcare | 1.53% | ₹33.95 Cr | +1.09% | +1.29% | +2.13% |
| Harding Loevner Global Equity Fund Calss A | Others | 1.46% | ₹32.32 Cr | +1.72% | +4.33% | +5.44% |
| Oberoi Realty Ltd. | Construction | 1.34% | ₹29.79 Cr | +1.49% | +1.41% | +1.44% |
| Oil India Ltd. | Energy | 1.27% | ₹28.14 Cr | +1.52% | +1.67% | +0.24% |
| Infosys Ltd. | Technology | 1.26% | ₹27.95 Cr | +1.57% | +2.16% | +3.20% |
| Bharat Electronics Ltd. | Capital Goods | 1.12% | ₹24.83 Cr | +1.35% | +1.80% | +2.08% |
| Microsoft Corportion (US) | Technology | 1.12% | ₹24.81 Cr | +1.21% | +1.23% | +2.14% |
| Ultratech Cement Ltd. | Materials | 1.09% | ₹24.29 Cr | +1.34% | +1.64% | +1.15% |
| Sony Group Corporation Forgn Eq | Consumer Staples | 1.06% | ₹23.48 Cr | +1.11% | +1.40% | +1.01% |
| NVIDIA Corporation (USA) | Capital Goods | 1.02% | ₹22.71 Cr | +1.19% | +1.08% | — |
| Coromandel International Ltd. | Chemicals | 0.98% | ₹21.81 Cr | +0.78% | — | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.98% | ₹21.85 Cr | — | — | — |
| Amazon. com Inc. (USA) | Services | 0.96% | ₹21.40 Cr | +1.22% | +1.11% | +1.34% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.91% | ₹20.31 Cr | +1.53% | +1.82% | +1.44% |
| Bharat Petroleum Corporation Ltd. | Energy | 0.90% | ₹20.01 Cr | +0.90% | +1.23% | +1.17% |
| company:1492 | Consumer Staples | 0.90% | ₹20.05 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 0.89% | ₹19.81 Cr | +2.99% | +3.00% | +3.11% |
| Kotak Mahindra Bank Ltd. | Financial | 0.87% | ₹19.25 Cr | -0.04% | -5.24% | — |
| LT Foods Ltd. | Consumer Staples | 0.82% | ₹18.12 Cr | +0.87% | +1.10% | +0.92% |
| Jindal Steel Ltd. | Metals & Mining | 0.78% | ₹17.29 Cr | +0.96% | +2.05% | +0.64% |
| KFin Technologies Ltd. | Financial | 0.77% | ₹17.20 Cr | +0.83% | — | — |
| company:5765 | Insurance | 0.77% | ₹17.08 Cr | — | — | — |
| Contemporary Amperex Technology Co Ltd. | Technology | 0.76% | ₹16.94 Cr | +1.07% | +1.01% | +1.07% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.73% | ₹16.14 Cr | — | — | — |
| Schneider Electric Sa (France) | Others | 0.73% | ₹16.29 Cr | +0.82% | +1.00% | +1.01% |
| Alibaba Group Holdings Ltd. | Services | 0.71% | ₹15.77 Cr | +0.91% | +1.11% | +1.21% |
| CE Info Systems Ltd. | Technology | 0.65% | ₹14.35 Cr | +0.64% | +0.59% | — |
| Tata Motors Ltd. | Automobile | 0.65% | ₹14.53 Cr | +1.31% | +1.99% | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.62% | ₹13.68 Cr | +0.81% | +1.11% | +1.04% |
| Tencent Holdings Ltd. | Technology | 0.62% | ₹13.75 Cr | +0.71% | +1.01% | +1.59% |
| iShares S&P 500 Energy Sector UCITS ETF USD | Unclassified | 0.62% | ₹13.70 Cr | +0.67% | +0.78% | +0.84% |
| Novo Nordisk A/S - ADR | Healthcare | 0.60% | ₹13.40 Cr | +0.74% | +0.71% | +1.17% |
| company:15789 | Services | 0.50% | ₹11.19 Cr | — | — | — |
| Midea Group Co Ltd. | Capital Goods | 0.46% | ₹10.32 Cr | +0.48% | — | — |
| Nike Inc. | Consumer Discretionary | 0.40% | ₹8.97 Cr | +0.58% | +0.92% | +1.54% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.36% | ₹7.95 Cr | +0.50% | +0.72% | +1.03% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 0.33% | ₹7.23 Cr | +0.51% | +0.60% | +1.47% |
| Ipca Laboratories Ltd. | Healthcare | 0.27% | ₹6.05 Cr | +0.72% | +0.89% | +1.12% |
| SK Hynix Inc | Capital Goods | 0.24% | ₹5.24 Cr | +0.36% | +2.10% | +1.36% |
| Alembic Pharmaceuticals Ltd. | Healthcare | 0.23% | ₹5.12 Cr | +0.26% | +0.30% | +0.56% |
| iShares Global Healthcare ETF | Unclassified | 0.23% | ₹5.14 Cr | +0.26% | +0.32% | +0.37% |
| Cyient Ltd. | Technology | 0.20% | ₹4.43 Cr | +0.35% | +0.43% | +0.77% |
| Sony Financial Group Inc | Financial | 0.02% | ₹0.41 Cr | +0.02% | +0.03% | — |
| Bajaj Finance Ltd. | Financial | -0.01% | ₹-0.18 Cr | 0.00% | -0.87% | — |
| Reliance Industries Ltd. | Energy | -0.04% | ₹-0.95 Cr | -0.02% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:1492 | 0.00% | 0.90% | +0.90% |
| company:5765 | 0.00% | 0.77% | +0.77% |
| HDFC Bank Ltd. | 8.72% | 7.98% | -0.74% |
| Tata Motors Ltd. | 1.28% | 0.65% | -0.63% |
| company:15789 | 0.00% | 0.50% | +0.50% |
| Alkem Laboratories Ltd. | 1.38% | 1.87% | +0.49% |
| Bharti Airtel Ltd. | 2.88% | 2.56% | -0.32% |
| NTPC Ltd. | 1.88% | 2.19% | +0.31% |
| SBI Life Insurance Company Ltd. | 2.46% | 2.19% | -0.27% |
| Mahindra & Mahindra Ltd. | 3.65% | 3.40% | -0.25% |
| State Bank of India | 1.74% | 1.97% | +0.23% |
| ITC Ltd. | 2.03% | 2.25% | +0.22% |
| Nifty 50 | 4.45% | 4.26% | -0.19% |
| ICICI Bank Ltd. | 8.11% | 7.92% | -0.19% |
| Power Grid Corporation Of India Ltd. | 1.75% | 1.57% | -0.18% |
| Oil And Natural Gas Corporation Ltd. | 0.80% | 0.98% | +0.18% |
| Maruti Suzuki India Ltd. | 2.13% | 1.96% | -0.17% |
| Ipca Laboratories Ltd. | 0.44% | 0.27% | -0.17% |
| Others | 6.85% | 6.70% | -0.15% |
| Indus Towers Ltd. | 1.56% | 1.71% | +0.15% |
| CE Info Systems Ltd. | 0.78% | 0.65% | -0.13% |
| Coromandel International Ltd. | 1.11% | 0.98% | -0.13% |
| Cipla Ltd. | 1.66% | 1.53% | -0.13% |
| Contemporary Amperex Technology Co Ltd. | 0.86% | 0.76% | -0.10% |
| HDFC Life Insurance Co Ltd. | 2.18% | 2.08% | -0.10% |
| Ultratech Cement Ltd. | 1.18% | 1.09% | -0.09% |
| Amazon. com Inc. (USA) | 1.04% | 0.96% | -0.08% |
| Godrej Consumer Products Ltd. | 0.44% | 0.36% | -0.08% |
| HDFC Asset Management Company Ltd. | 1.78% | 1.72% | -0.06% |
| Microsoft Corportion (US) | 1.06% | 1.12% | +0.06% |
| Hindustan Petroleum Corporation Ltd. | 0.68% | 0.62% | -0.06% |
| NVIDIA Corporation (USA) | 0.96% | 1.02% | +0.06% |
| Tencent Holdings Ltd. | 0.67% | 0.62% | -0.05% |
| Cyient Ltd. | 0.15% | 0.20% | +0.05% |
| ICICI Lombard General Insurance Company Ltd. | 0.78% | 0.73% | -0.05% |
| Novo Nordisk A/S - ADR | 0.65% | 0.60% | -0.05% |
| Nike Inc. | 0.45% | 0.40% | -0.05% |
| Hero Motocorp Ltd. | 1.93% | 1.88% | -0.05% |
| Axis Bank Ltd. | 2.07% | 2.12% | +0.05% |
| Alibaba Group Holdings Ltd. | 0.76% | 0.71% | -0.05% |
| LT Foods Ltd. | 0.78% | 0.82% | +0.04% |
| Tata Motors Passenger Vehicles Ltd. | 0.37% | 0.33% | -0.04% |
| Sun Pharmaceutical Industries Ltd. | 0.95% | 0.91% | -0.04% |
| Infosys Ltd. | 1.30% | 1.26% | -0.04% |
| Bharat Electronics Ltd. | 1.08% | 1.12% | +0.04% |
| Jindal Steel Ltd. | 0.75% | 0.78% | +0.03% |
| Reliance Industries Ltd. | -0.01% | -0.04% | -0.03% |
| WCM Global Equity Fund | 1.68% | 1.65% | -0.03% |
| Sony Group Corporation Forgn Eq | 1.03% | 1.06% | +0.03% |
| Kotak Mahindra Bank Ltd. | -0.00% | -0.03% | -0.03% |
| Oil India Ltd. | 1.25% | 1.27% | +0.02% |
| Bharat Petroleum Corporation Ltd. | 0.92% | 0.90% | -0.02% |
| Oberoi Realty Ltd. | 1.36% | 1.34% | -0.02% |
| iShares S&P 500 Energy Sector UCITS ETF USD | 0.61% | 0.62% | +0.01% |
| Midea Group Co Ltd. | 0.47% | 0.46% | -0.01% |
| Schneider Electric Sa (France) | 0.74% | 0.73% | -0.01% |
| Larsen & Toubro Ltd. | 0.90% | 0.89% | -0.01% |
| Bajaj Finance Ltd. | -0.00% | -0.01% | -0.01% |
| Harding Loevner Global Equity Fund Calss A | 1.45% | 1.46% | +0.01% |
| KFin Technologies Ltd. | 0.78% | 0.77% | -0.01% |
| Alembic Pharmaceuticals Ltd. | 0.23% | 0.23% | 0.00% |
| SK Hynix Inc | 0.24% | 0.24% | 0.00% |
| Sony Financial Group Inc | 0.02% | 0.02% | 0.00% |
| iShares Global Healthcare ETF | 0.23% | 0.23% | 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 | ₹3,106 Cr | 2.48% | 12.3% | 10.3% | 14.4% |
 HDFC Value Fund | ₹8,266 Cr | 1.88% | 4.1% | 8.1% | 13.1% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 10.4% | 9.0% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 6.6% | 9.5% | — |
 LIC MF Value Fund | ₹302 Cr | 3.30% | 28.1% | 14.8% | 15.7% |
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 months5.89% absolute | ₹60,000 | ₹63,534 | 5.89% | |
| 1 year5.89% annualised | ₹1,20,000 | ₹1,23,898 | 3.25% | |
| 3 years15.65% annualised | ₹3,60,000 | ₹4,61,674 | 28.24% | |
| 5 years11.70% annualised | ₹6,00,000 | ₹8,18,065 | 36.34% |
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 ₹23.36 as on 23 Sep 2026.
What is the expense ratio of DSP Value Fund?
The expense ratio of DSP Value Fund is 2.46% 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 2.9% over 1 year, 9.6% over 3 years and 13.6% 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 ₹2,33,296 Cr under management.