HDFC Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹777.84+0.32%1 day
- Return since launch
- 14.5%
- 52-week range
- ₹671.34 — ₹803.17
- AUM
- ₹8,266 Cr
HDFC Value Fund is a Value & Contra equity fund from HDFC Mutual Fund with ₹8,266 Cr under management, launched in 1993. Over three years it has returned 8.3% a year, against 11.9% for its category. The expense ratio is 1.88% and the SEBI riskometer reading is Very High.
Performance
HDFC Value Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.6% against +0.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.5% | +3.1 pts | 2.4% | -1.9% |
| 2Y | 6.0% | +4.6 pts | 1.4% | 0.4% |
| 3Y | 8.3% | −3.6 pts | 11.9% | 3.5% |
| 5Y | 13.2% | +1.6 pts | 11.5% | 10.1% |
| 7Y | 15.9% | +1.1 pts | 14.8% | 13.8% |
| 10Y | 14.2% | +1.4 pts | 12.9% | 12.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.1% | +0.1 pts | -3.2% | -3.1% |
| 3M | 1.5% | +2.4 pts | -0.8% | -1.1% |
| 6M | 13.0% | +4.2 pts | 8.7% | 7.7% |
| 1Y | 6.6% | +4.2 pts | 2.4% | 0.6% |
| 2Y | 0.3% | +3.4 pts | -3.0% | -3.5% |
| 3Y | 15.0% | +3.1 pts | 11.9% | 10.9% |
| 5Y | 12.4% | +0.9 pts | 11.5% | 10.8% |
| 7Y | 15.7% | −0.3 pts | 15.9% | 14.9% |
| 10Y | 13.2% | +0.3 pts | 12.9% | 12.0% |
Since launch (16 Dec 1993): 14.5%
Calendar-year returns
Category average12.9%
35.6%
3.6%
29.6%
20.5%
8.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.6% | +2.8 pts | 5.8% |
| 2024 | 20.5% | −1.7 pts | 22.2% |
| 2023 | 29.6% | −5.8 pts | 35.3% |
| 2022 | 3.6% | −3.9 pts | 7.5% |
| 2021 | 35.6% | −2.0 pts | 37.6% |
| 2020 | 12.9% | −4.2 pts | 17.1% |
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
1.88%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.53%
- Brokerage
- 0.02%
- Transaction charges
- 0.01%
- Statutory levies
- 0.32%
- Exit load
- Exit load of 1% if redeemed within 1 year
- 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 | 4.31 | 5.66 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.00 | 0.98 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.73 | 0.77 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.97 | 1.11 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.37 | 16.52 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
HDFC Value Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.2%
- Other0.8%
Market cap split
- Large58.3%
- Mid22.9%
- Small18.8%
- P/E
- 25.67
- P/B
- 3.46
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 6.60% | ₹545 Cr | +6.44% | +6.98% | +7.69% |
| HDFC Bank Ltd. | Financial | 4.43% | ₹367 Cr | +5.26% | +6.19% | +7.03% |
| State Bank of India | Financial | 3.40% | ₹281 Cr | +3.49% | +4.46% | +3.58% |
| Axis Bank Ltd. | Financial | 3.30% | ₹273 Cr | +4.27% | +4.57% | +3.71% |
| Bharti Airtel Ltd. | Communication | 2.85% | ₹236 Cr | +3.25% | +3.30% | +4.21% |
| Larsen & Toubro Ltd. | Construction | 2.57% | ₹212 Cr | +2.93% | +3.03% | +2.63% |
| AU Small Finance Bank Ltd. | Financial | 2.29% | ₹189 Cr | +2.48% | +2.55% | +2.39% |
| Infosys Ltd. | Technology | 2.19% | ₹181 Cr | +2.70% | +3.07% | +3.68% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.16% | ₹179 Cr | +2.21% | +2.58% | +2.44% |
| Bharat Electronics Ltd. | Capital Goods | 2.01% | ₹166 Cr | +2.25% | +2.40% | +2.06% |
| NTPC Ltd. | Energy | 1.98% | ₹164 Cr | +2.65% | +2.58% | +2.28% |
| Reliance Industries Ltd. | Energy | 1.93% | ₹160 Cr | +2.26% | +1.89% | +1.13% |
| SBI Life Insurance Company Ltd. | Insurance | 1.79% | ₹148 Cr | +2.13% | +2.34% | +2.14% |
| Bosch Ltd. | Automobile | 1.75% | ₹145 Cr | +1.45% | +1.42% | +1.68% |
| Eternal Ltd. | Services | 1.75% | ₹144 Cr | +1.51% | +1.30% | +0.87% |
| Tech Mahindra Ltd. | Technology | 1.67% | ₹138 Cr | +1.72% | +1.56% | +1.75% |
| Divi's Laboratories Ltd. | Healthcare | 1.60% | ₹133 Cr | +1.28% | +1.21% | +1.20% |
| Prestige Estates Projects Ltd. | Construction | 1.57% | ₹130 Cr | +1.49% | +1.49% | +2.03% |
| Global Health Ltd. | Healthcare | 1.54% | ₹127 Cr | +1.02% | — | — |
| ACME Solar Holdings Ltd. | Energy | 1.52% | ₹126 Cr | +1.10% | +0.83% | +0.84% |
| The Phoenix Mills Ltd. | Construction | 1.49% | ₹124 Cr | +1.62% | +1.50% | +1.40% |
| Maruti Suzuki India Ltd. | Automobile | 1.48% | ₹122 Cr | +1.29% | +1.36% | +1.03% |
| HCL Technologies Ltd. | Technology | 1.43% | ₹118 Cr | +1.46% | +1.75% | +1.89% |
| United Spirits Ltd. | Consumer Staples | 1.42% | ₹117 Cr | +1.37% | +1.46% | +1.44% |
| Five-Star Business Finance Ltd. | Financial | 1.39% | ₹115 Cr | +1.31% | +1.21% | +0.76% |
| Tata Capital Ltd. | Financial | 1.39% | ₹115 Cr | +1.31% | +0.74% | — |
| Apar Industries Ltd. | Consumer Staples | 1.37% | ₹113 Cr | +1.18% | +1.44% | — |
| Sterlite Technologies Ltd. | Communication | 1.37% | ₹113 Cr | +1.61% | +0.78% | +0.62% |
| Eicher Motors Ltd. | Automobile | 1.35% | ₹111 Cr | +1.37% | +1.51% | +1.19% |
| PNB Housing Finance Ltd. | Financial | 1.33% | ₹110 Cr | +1.35% | +1.06% | +0.95% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.27% | ₹105 Cr | +1.08% | +0.93% | — |
| Lupin Ltd. | Healthcare | 1.26% | ₹104 Cr | +1.47% | +1.55% | +1.32% |
| Bajaj Auto Ltd. | Automobile | 1.25% | ₹103 Cr | +1.22% | +1.35% | +1.20% |
| Britannia Industries Ltd. | Consumer Staples | 1.21% | ₹99.75 Cr | +1.35% | +1.34% | — |
| Karur Vysya Bank Ltd. | Financial | 1.09% | ₹90.38 Cr | +1.11% | +1.23% | +1.02% |
| Max Financial Services Ltd. | Financial | 1.06% | ₹87.86 Cr | +1.28% | +1.37% | +1.25% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.03% | ₹84.73 Cr | +1.25% | +1.28% | +0.97% |
| Godrej Consumer Products Ltd. | Consumer Staples | 1.00% | ₹82.69 Cr | +1.29% | +1.51% | +1.59% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.99% | ₹81.50 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 0.98% | ₹80.74 Cr | +1.11% | +1.21% | +1.24% |
| Trent Ltd. | Services | 0.96% | ₹79.20 Cr | +1.10% | +1.00% | — |
| Tata Communications Ltd. | Communication | 0.95% | ₹78.77 Cr | +1.23% | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 0.93% | ₹76.68 Cr | +0.97% | +1.08% | — |
| 360 One Wam Ltd. | Financial | 0.92% | ₹76.38 Cr | — | — | — |
| Info Edge (India) Ltd. | Services | 0.91% | ₹75.06 Cr | +0.78% | +0.79% | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.89% | ₹73.97 Cr | +1.01% | +0.92% | +0.74% |
| Interglobe Aviation Ltd. | Services | 0.89% | ₹73.28 Cr | +0.72% | — | — |
| Tube Investments Of India Ltd. | Automobile | 0.87% | ₹72.28 Cr | +1.12% | +0.94% | — |
| Alkem Laboratories Ltd. | Healthcare | 0.84% | ₹69.47 Cr | — | — | — |
| WeWork India Management Ltd. | Services | 0.84% | ₹69.83 Cr | +0.84% | +0.66% | — |
| Ambuja Cements Ltd. | Materials | 0.83% | ₹68.42 Cr | +1.04% | +1.15% | +1.28% |
| Hyundai Motor India Ltd. | Automobile | 0.83% | ₹68.36 Cr | +0.66% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.83% | ₹68.50 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 0.82% | ₹67.58 Cr | +1.01% | +0.93% | +1.09% |
| Others | Others | 0.81% | ₹68.56 Cr | -0.10% | -0.20% | +0.10% |
| Aavas Financiers Ltd. | Financial | 0.80% | ₹66.33 Cr | +0.93% | +0.84% | — |
| Bharat Petroleum Corporation Ltd. | Energy | 0.78% | ₹64.81 Cr | +0.82% | +1.04% | +0.94% |
| Chalet Hotels Ltd. | Services | 0.77% | ₹63.39 Cr | — | — | — |
| Jindal Steel Ltd. | Metals & Mining | 0.76% | ₹62.63 Cr | +0.87% | +0.88% | +0.69% |
| Jubilant Ingrevia Ltd. | Chemicals | 0.76% | ₹62.47 Cr | +0.82% | +0.73% | +0.88% |
| Electronics Mart India Ltd. | Services | 0.75% | ₹62.35 Cr | +0.54% | +0.47% | +0.58% |
| Balkrishna Industries Ltd. | Automobile | 0.68% | ₹55.97 Cr | +0.74% | +0.79% | +0.78% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.65% | ₹53.69 Cr | +0.79% | +0.87% | +0.77% |
| Technocraft Industries (India) Ltd. | Metals & Mining | 0.60% | ₹49.79 Cr | +0.51% | +0.39% | +0.40% |
| company:20391 | Unclassified | 0.60% | ₹50.00 Cr | — | — | — |
| Mphasis Ltd. | Technology | 0.59% | ₹48.83 Cr | +0.62% | +0.62% | — |
| CESC Ltd. | Energy | 0.55% | ₹45.75 Cr | +0.80% | +0.69% | +0.68% |
| Zensar Technologies Ltd. | Technology | 0.51% | ₹41.83 Cr | +0.61% | +0.69% | +0.79% |
| company:20242 | Healthcare | 0.49% | ₹40.42 Cr | — | — | — |
| Baazar Style Retail Ltd. | Services | 0.48% | ₹40.09 Cr | +0.49% | +0.44% | +0.48% |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 0.48% | ₹39.28 Cr | +0.59% | +0.67% | +0.89% |
| Diamond Power Infrastructure Ltd. | Capital Goods | 0.45% | ₹37.58 Cr | — | — | — |
| Indoco Remedies Ltd. | Healthcare | 0.45% | ₹37.34 Cr | +0.44% | +0.42% | +0.33% |
| company:20769 | Healthcare | 0.44% | ₹36.24 Cr | — | — | — |
| GMM Pfaudler Ltd. | Capital Goods | 0.38% | ₹31.27 Cr | +0.31% | +0.34% | +0.44% |
| Uniparts India Ltd. | Automobile | 0.35% | ₹28.58 Cr | +0.45% | +0.35% | +0.31% |
| company:20819 | Financial | 0.31% | ₹25.35 Cr | — | — | — |
| Popular Vehicles And Services Ltd. | Services | 0.12% | ₹9.55 Cr | +0.09% | +0.09% | +0.11% |
| company:20835 | Capital Goods | 0.07% | ₹5.39 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | -0.74% | -0.02% | +0.72% |
| company:20391 | 0.00% | 0.60% | +0.60% |
| company:20242 | 0.00% | 0.49% | +0.49% |
| HDFC Bank Ltd. | 4.88% | 4.43% | -0.45% |
| company:20769 | 0.00% | 0.44% | +0.44% |
| Bharti Airtel Ltd. | 3.23% | 2.85% | -0.38% |
| company:20819 | 0.00% | 0.31% | +0.31% |
| Alkem Laboratories Ltd. | 0.57% | 0.84% | +0.27% |
| Bosch Ltd. | 1.50% | 1.75% | +0.25% |
| Godrej Consumer Products Ltd. | 1.24% | 1.00% | -0.24% |
| Infosys Ltd. | 2.42% | 2.19% | -0.23% |
| SBI Life Insurance Company Ltd. | 2.02% | 1.79% | -0.23% |
| NTPC Ltd. | 2.19% | 1.98% | -0.21% |
| ICICI Bank Ltd. | 6.78% | 6.60% | -0.18% |
| Apar Industries Ltd. | 1.19% | 1.37% | +0.18% |
| Divi's Laboratories Ltd. | 1.42% | 1.60% | +0.18% |
| Sterlite Technologies Ltd. | 1.19% | 1.37% | +0.18% |
| Electronics Mart India Ltd. | 0.57% | 0.75% | +0.18% |
| Multi Commodity Exchange Of India Ltd. | 0.85% | 1.03% | +0.18% |
| Lupin Ltd. | 1.44% | 1.26% | -0.18% |
| HDFC Life Insurance Co Ltd. | 0.83% | 0.99% | +0.16% |
| Reliance Industries Ltd. | 2.06% | 1.93% | -0.13% |
| Uniparts India Ltd. | 0.48% | 0.35% | -0.13% |
| Trent Ltd. | 1.08% | 0.96% | -0.12% |
| Baazar Style Retail Ltd. | 0.36% | 0.48% | +0.12% |
| WeWork India Management Ltd. | 0.96% | 0.84% | -0.12% |
| Technocraft Industries (India) Ltd. | 0.49% | 0.60% | +0.11% |
| Ambuja Cements Ltd. | 0.93% | 0.83% | -0.10% |
| HCL Technologies Ltd. | 1.53% | 1.43% | -0.10% |
| Tech Mahindra Ltd. | 1.77% | 1.67% | -0.10% |
| Aavas Financiers Ltd. | 0.90% | 0.80% | -0.10% |
| CESC Ltd. | 0.65% | 0.55% | -0.10% |
| Jubilant Ingrevia Ltd. | 0.86% | 0.76% | -0.10% |
| Sun Pharmaceutical Industries Ltd. | 2.26% | 2.16% | -0.10% |
| ACME Solar Holdings Ltd. | 1.43% | 1.52% | +0.09% |
| Britannia Industries Ltd. | 1.30% | 1.21% | -0.09% |
| Five-Star Business Finance Ltd. | 1.48% | 1.39% | -0.09% |
| Hindustan Unilever Ltd. | 0.91% | 0.82% | -0.09% |
| Balkrishna Industries Ltd. | 0.77% | 0.68% | -0.09% |
| Max Healthcare Institute Ltd. | 1.02% | 0.93% | -0.09% |
| Ultratech Cement Ltd. | 1.06% | 0.98% | -0.08% |
| United Spirits Ltd. | 1.50% | 1.42% | -0.08% |
| Eternal Ltd. | 1.68% | 1.75% | +0.07% |
| company:20835 | 0.00% | 0.07% | +0.07% |
| Hindustan Petroleum Corporation Ltd. | 0.72% | 0.65% | -0.07% |
| Zensar Technologies Ltd. | 0.58% | 0.51% | -0.07% |
| Mahindra & Mahindra Financial Services Ltd. | 0.89% | 0.83% | -0.06% |
| PNB Housing Finance Ltd. | 1.27% | 1.33% | +0.06% |
| Tata Communications Ltd. | 1.01% | 0.95% | -0.06% |
| The Phoenix Mills Ltd. | 1.55% | 1.49% | -0.06% |
| Equitas Small Finance Bank Ltd. | 0.95% | 0.89% | -0.06% |
| Chalet Hotels Ltd. | 0.72% | 0.77% | +0.05% |
| Prestige Estates Projects Ltd. | 1.62% | 1.57% | -0.05% |
| Tata Capital Ltd. | 1.44% | 1.39% | -0.05% |
| GMM Pfaudler Ltd. | 0.33% | 0.38% | +0.05% |
| Axis Bank Ltd. | 3.25% | 3.30% | +0.05% |
| Bharat Electronics Ltd. | 1.96% | 2.01% | +0.05% |
| Larsen & Toubro Ltd. | 2.61% | 2.57% | -0.04% |
| State Bank of India | 3.43% | 3.40% | -0.03% |
| Bharat Petroleum Corporation Ltd. | 0.81% | 0.78% | -0.03% |
| Indoco Remedies Ltd. | 0.42% | 0.45% | +0.03% |
| Info Edge (India) Ltd. | 0.88% | 0.91% | +0.03% |
| Jindal Steel Ltd. | 0.73% | 0.76% | +0.03% |
| Karur Vysya Bank Ltd. | 1.12% | 1.09% | -0.03% |
| Maruti Suzuki India Ltd. | 1.51% | 1.48% | -0.03% |
| Tube Investments Of India Ltd. | 0.90% | 0.87% | -0.03% |
| Popular Vehicles And Services Ltd. | 0.09% | 0.12% | +0.03% |
| Eicher Motors Ltd. | 1.38% | 1.35% | -0.03% |
| Bajaj Auto Ltd. | 1.23% | 1.25% | +0.02% |
| Hyundai Motor India Ltd. | 0.85% | 0.83% | -0.02% |
| Interglobe Aviation Ltd. | 0.91% | 0.89% | -0.02% |
| 360 One Wam Ltd. | 0.93% | 0.92% | -0.01% |
| Diamond Power Infrastructure Ltd. | 0.44% | 0.45% | +0.01% |
| Global Health Ltd. | 1.53% | 1.54% | +0.01% |
| Sona BLW Precision Forgings Ltd. | 1.26% | 1.27% | +0.01% |
| Techno Electric & Engineering Company Ltd. | 0.49% | 0.48% | -0.01% |
| Kwality Wall's (India) Ltd. | 0.01% | 0.00% | -0.01% |
| AU Small Finance Bank Ltd. | 2.30% | 2.29% | -0.01% |
| Max Financial Services Ltd. | 1.06% | 1.06% | 0.00% |
| Mphasis Ltd. | 0.59% | 0.59% | 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 | ₹1,595 Cr | 2.61% | 12.4% | 10.6% | 14.7% |
 DSP Value Fund | ₹2,220 Cr | 2.40% | 1.4% | 8.9% | 13.1% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 12.0% | 9.2% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 7.8% | 9.6% | 15.4% |
 LIC MF Value Fund | ₹302 Cr | 3.30% | 28.5% | 14.7% | 15.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to achieve capital appreciation/income in the long term by primarily investing in undervalued stocks.
Fund managers
- Anand LaddhaMr. Laddha has done B.Com. and CAPrior to joining HDFC Asset Management Company Limited, he has worked with Refco-Sify Securities India Pvt. Ltd. Last Position Held - AVP - FII Equity & Derivative Sales. Alchemy Share & Stock Brokers Pvt. Ltd. Last Position Held - Equity & Derivative Sales.
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 months12.98% absolute | ₹60,000 | ₹67,788 | 12.98% | |
| 1 year6.57% annualised | ₹1,20,000 | ₹1,24,357 | 3.63% | |
| 3 years15.01% annualised | ₹3,60,000 | ₹4,56,869 | 26.91% | |
| 5 years12.43% annualised | ₹6,00,000 | ₹8,34,730 | 39.12% |
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 HDFC Value Fund?
The NAV of HDFC Value Fund is ₹777.84 as on 25 Sep 2026.
What is the expense ratio of HDFC Value Fund?
The expense ratio of HDFC Value Fund is 1.88% per year.
What is the minimum SIP amount for HDFC Value Fund?
You can start a SIP in HDFC Value Fund with ₹3,000 a month.
What returns has HDFC Value Fund given?
HDFC Value Fund has returned 5.5% over 1 year, 8.3% over 3 years and 13.2% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Value Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year.
How risky is HDFC Value Fund?
HDFC Value Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages HDFC Value Fund?
HDFC Value Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.