Value funds in India
24 live funds in the Value category, ordered by 5-year return, highest first; Axis Value Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 29 Oct 2026; 3 and 5 year returns are a year, compounded.
- Category median, 1 yearCategory median, 1 year. The middle return among the Value category's funds, each over the same window to its own latest NAV, on their Direct plans.
- −6.45%Middle of 22 funds
- Category median, 3 yearsCategory median, 3 years. The middle return among the Value category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +11.69%Middle of 21 funds
- Category median, 5 yearsCategory median, 5 years. The middle return among the Value category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +11.71%Middle of 19 funds
Value funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
Axis Value FundAxis Mutual FundNAV₹20.73001Y+1.02%3Y+17.88%5Y+14.96%Size₹1,804 CrCost0.88%
HSBC Value FundHSBC Mutual FundNAV₹120.70131Y−5.09%3Y+14.45%5Y+13.92%Size₹15,096 CrCost0.88%
ICICI Prudential Value FundICICI Prudential Mutual FundNAV₹484.48001Y−10.35%3Y+11.57%5Y+12.93%Size₹60,108 CrCost1.08%
JM Value FundJM Financial Mutual FundNAV₹103.00241Y−7.60%3Y+10.69%5Y+12.81%Size₹809 CrCost1.58%
Aditya Birla Sun Life Value FundAditya Birla Sun Life Mutual FundNAV₹146.49201Y+1.96%3Y+12.95%5Y+12.75%Size₹6,807 CrCost1.22%
HDFC Value FundHDFC Mutual FundNAV₹852.05001Y−1.35%3Y+15.36%5Y+12.40%Size₹8,030 CrCost1.11%
LIC MF Value FundLIC Mutual FundNAV₹29.71161Y+11.53%3Y+16.54%5Y+12.23%Size₹283 CrCost1.78%
DSP Value FundDSP Mutual FundNAV₹23.636028 Oct 20261Y+0.33%3Y+16.12%5Y+12.19%Size₹2,167 CrCost1.53%
Canara Robeco Value FundCanara Robeco Mutual FundNAV₹18.21001Y−8.81%3Y+10.11%5Y+11.98%Size₹1,278 CrCost0.86%
Tata Value FundTata Mutual FundNAV₹378.98961Y−6.47%3Y+11.80%5Y+11.71%Size₹8,500 CrCost1.05%
Nippon India Value FundNippon India Mutual FundNAV₹228.14811Y−11.47%3Y+12.09%5Y+11.58%Size₹8,976 CrCost1.26%
Bandhan Value FundBandhan Mutual FundNAV₹161.91301Y−6.34%3Y+10.31%5Y+11.57%Size₹9,945 CrCost0.95%
Templeton India Value FundFranklin Templeton Mutual FundNAV₹735.15251Y−11.02%3Y+8.95%5Y+11.18%Size₹1,956 CrCost1.11%
Union Value FundUnion Mutual FundNAV₹29.11001Y−6.64%3Y+11.13%5Y+10.86%Size₹394 CrCost1.51%
ITI Value FundITI Mutual FundNAV₹17.44971Y−6.43%3Y+11.27%5Y+10.60%Size₹360 CrCost1.34%
UTI Value FundUTI Mutual FundNAV₹173.64921Y−9.26%3Y+11.82%5Y+10.02%Size₹9,537 CrCost1.35%
Groww Value FundGroww Mutual FundNAV₹31.39371Y−6.38%3Y+11.69%5Y+9.87%Size₹75 CrCost1.56%
Quantum Value FundQuantum Mutual FundNAV₹119.67001Y−10.57%3Y+9.65%5Y+8.75%Size₹1,114 CrCost1.14%
Sundaram Value FundSundaram Mutual FundNAV₹211.92561Y−12.10%3Y+6.32%5Y+6.68%Size₹1,285 CrCost1.77%
Bank of India Value FundBank of India Mutual FundNAV₹9.93001Y–3Y–5Y–Size₹39 CrCost1.70%
Baroda BNP Paribas Value FundBaroda BNP Paribas Mutual FundNAV₹13.49021Y−7.13%3Y+8.75%5Y–Size₹992 CrCost1.33%
Mahindra Manulife Value FundMahindra Manulife Mutual FundNAV₹11.98931Y+0.01%3Y–5Y–Size₹983 CrCost1.06%
NJ Value FundNJ Mutual FundNAV₹9.18001Y–3Y–5Y–Size₹136 CrCost1.60%
Quant Value Fundquant Mutual FundNAV₹22.41411Y+4.59%3Y+19.66%5Y–Size₹1,967 CrCost0.92%
Tax on value funds
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About value funds in India
Value funds in India are open-ended equity mutual funds that follow a value investment strategy: they look for shares priced below what the business is worth. SEBI, the market regulator, requires a value fund to keep at least 80% of its assets in equity.
What SEBI requires
SEBI's circular of 26 Feb 2026 describes a value fund as an open-ended equity scheme following a value investment strategy, with at least 80% of total assets in equity and equity-related instruments. The earlier minimum was 65%. Existing schemes had until 26 Aug 2026 to align.
The rules set no limit by company size. A value fund can hold large, mid and small companies in any mix, and the rest of the portfolio can sit in money market instruments, gold and silver instruments or InvITs (infrastructure investment trusts), within SEBI's limits.
What value investing means
Value investing means buying shares whose price looks low against the company's earnings, assets or cash flow. Fund managers commonly judge this with ratios such as price to earnings (the share price divided by profit per share) and price to book (the price divided by net assets per share). Each fund house sets its own method, so portfolios differ.
Value funds and contra funds
SEBI also defines contra funds, which follow a contrarian strategy of holding shares that the market currently avoids. The minimum equity holding is the same 80%. Until the 2026 circular a fund house could offer only one of the two. It may now offer both if the portfolio overlap between them is no more than 50%.
Dividend yield funds, a neighbouring category, must hold mainly dividend-yielding stocks. A flexi cap fund states no style and needs only 65% in equity.
Tax on value fund gains
A value fund is taxed as an equity fund because it keeps at least 65% in Indian listed shares. Units sold within 12 months are taxed at 20% on the gain. Units sold after 12 months are taxed at 12.5% on gains above ₹1.25 lakh in a year. These rates have applied since 23 Jul 2024.
What this page shows
The page lists every live fund in the category, ordered by 5-year return, highest first. Funds younger than five years follow, sorted by name, and a fund without enough history shows dashes for the missing periods.
Returns are for the plan each fund's page leads with, the Direct plan where one exists, measured to the fund's latest NAV. The 3-year and 5-year returns are compounded annual figures. Category medians are the middle return among funds with data for that window, so the fund count differs by window. Size is the average money managed over the latest quarter, and Cost is the yearly expense ratio, the fee deducted from the fund's assets.