EquityValue FundDirectIDCWVery High

DSP Value Fund

Q: What is the NAV of DSP Value Fund?

As of 01 Oct 2026, the NAV of DSP Value Fund is ₹17.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has DSP Value Fund delivered?

DSP Value Fund has returned -5.07% over 1 year, +8.98% per year over 3 years, +6.19% per year over 5 years and +10.60% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of DSP Value Fund?

DSP Value Fund charges an expense ratio of 1.55% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of DSP Value Fund?

DSP Value Fund's largest holdings are HDFC Bank Limited (8.0%), ICICI Bank Limited (7.9%), Mahindra & Mahindra Limited (3.4%), Bharti Airtel Limited (2.6%) and Reliance Industries Limited (2.3%). Holdings are disclosed monthly and change over time.

Q: How risky is DSP Value Fund?

DSP Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.4% and its worst peak-to-trough fall in our sample was -24.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.18 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Value Fund's 0.18 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of DSP Value Fund?

DSP Value Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages DSP Value Fund?

DSP Value Fund is managed by Abhishek Singh and Kaivalya Nadkarni at DSP.

Q: How is DSP Value Fund taxed?

DSP Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

DSP Mutual Fund · Best Value Mutual Funds

NAV

₹17.96

-0.39% 1D

as of 01 Oct 2026

This is the Direct plan of DSP Value Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+15.37% 3Y CAGR)

Performance

-4.65%CAGR

52-week rangePrev NAV ₹18.03

Latest ₹17.96

Low ₹16.9532nd percentile of its 52-week rangeHigh ₹20.16

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Value Fund peers to rank yet

Risk—

Volatility 13.4% (no category average yet)

Cost—

1.6% expense (no category average yet)

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.55%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

17.32

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.18

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Holding period from the date of allotment: − Up to 10% of units: Nil exit load if redeemed or switched out within 1 month. − Exceeding 10% of units: 1% exit load if redeemed or switched within 1 month. − After 1 months: Nil exit load on any redemption or switch-out

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

Nifty 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

11 Dec 2020

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.21%

Absolute return over the last 3 months (not annualized)

-3.41%

Absolute return over the last 6 months (not annualized)

+4.74%

Absolute return since 1 Jan of this year (not annualized)

-9.19%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-5.07%

3-year annualized return (CAGR)

+8.98%

5-year annualized return (CAGR)

+6.19%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.60%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.41%

Excess return per unit of total volatility (rf = 6.5%)

0.18

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.23

Largest peak-to-trough decline over full history

-24.90%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

0.53%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.70

How much of the fund's movement Nifty 500 TRI explains

60.4%

Excess return per unit of beta (market risk)

3.75

Active return over the benchmark per unit of tracking error

-0.06

Annualized std dev of fund-minus-benchmark returns

10.14%

Fund's share of benchmark gains in up months (100 = matches index)

75.0%

Fund's share of benchmark losses in down months (lower is better)

64.8%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Value Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.21%	—	—
3M abs	-3.41%	—	—
6M abs	+4.74%	—	—
1Y CAGR	-5.07%	—	—
3Y CAGR	+8.98%	—	—
5Y CAGR	+6.19%	—	—

Category average across peers in Value Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.08L

Absolute

+17.97%

XIRR

+6.76%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into DSP Value Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-9.19%	-7.18%	-2.01%
2025	+3.24%	+7.94%	-4.70%
2024	+21.80%	+16.43%	+5.37%
2023	+30.91%	+27.43%	+3.48%
2022	-11.72%	+4.34%	-16.06%
2021	+31.97%	+31.59%	+0.38%
2020part	+3.07%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Abhishek Singh, Kaivalya Nadkarni; Abhishek Singh Kaivalya Nadkarni stepped away
25 Sep 2026

History points

1,348

Expense ratio

1.55%

AUM

₹1,772Cr

Portfolio turnover

131%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

17.3

P/B ratio

3.4

Avg market cap

₹4,96,567Cr

P/E & P/B are portfolio-weighted harmonic means across 41 of 58 equity holdings (68% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Value Fund

Compare all


DSP Value FundThis fund DSP · Direct · IDCW	—	-5.07%	+8.98%	+6.19%	—	1.55%	₹1,772Cr
Quant Value Fund quant · Direct · IDCW	—	+12.05%	+19.83%	—	—	0.90%	₹1,784Cr
LIC MF Value Fund LIC · Direct · IDCW	—	+18.99%	+17.22%	—	—	1.78%	₹212.81Cr
JM Value Fund JM Financial · Direct · IDCW	—	-1.75%	+11.67%	+13.88%	—	1.57%	₹808.01Cr
Groww Value Fund Groww · Direct · Quarterly IDCW	—	-1.32%	+11.63%	+10.56%	—	1.56%	₹66.81Cr
Groww Value Fund Groww · Direct · Half-Yearly IDCW	—	-1.32%	+11.63%	+10.55%	—	1.56%	₹66.81Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 89% of the equity sleeve priced.

Large cap76.6%
Mid cap18.4%
Small cap5.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity80.45%
Cash & Equivalents11.33%
Other3.96%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
DSP Aggressive Hybrid Fund DSP · Aggressive Hybrid Fund	64.9% of 72% equity	★★★★☆	0.79%	+9.13%
DSP Large Cap Fund DSP · Large Cap Fund	62.4%	★★★★☆	1.21%	+10.00%
DSP Conservative Hybrid Fund DSP · Conservative Hybrid Fund	59.3% of 21% equity	★★★☆☆	0.64%	+8.50%
DSP Equity Savings Fund DSP · Equity Savings	58.1% of 71% equity	★★★☆☆	1.11%	+8.25%
DSP Multi Asset Allocation Fund DSP · Multi Asset Allocation	57.9% of 49% equity	★★★★★	0.63%	+17.42%
DSP ELSS Tax Saver Fund DSP · ELSS	57.8%	★★★★★	0.92%	+11.96%
ICICI Prudential Large Cap Fund ICICI Prudential · Large Cap Fund	54.6%	★★★★★	1.01%	+9.67%
ICICI Prudential Value Fund ICICI Prudential · Value Fund	54.5%	★★★★☆	1.08%	+10.76%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-24.9%17 Jan 2022 → 20 Jun 2022
Fell over 5 months, back to the old high on 31 Jul 2023 — 13 months under water after the low.
-20.7%27 Sep 2024 → 07 Apr 2025
Fell over 6 months, back to the old high on 06 Jan 2026 — 9 months under water after the low.
-15.9%11 Feb 2026 → 23 Mar 2026
Still below that high — 40 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,772Cr

April - June 2026

+24%

since January - March 2026

+₹449.28Cr

est. net flow, last quarter

At or near its largest, ₹1,772Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

DSP Mutual Fund is run by DSP Asset Managers, part of the DSP Group, a Mumbai financial firm whose broking lineage runs back to 1860. The house operated as a joint venture with BlackRock — and Merrill Lynch before it — until the DSP family bought out the foreign stake in 2018.

Launched

15 Dec 1996

Total AUM

₹2,29,802Cr+2.0% QoQ

Avg AUM · April - June 2026

Website

dspim.com

Fund Managers

ASAbhishek SinghManaging since 16 May 2026

Education

B-Tech, IIT Kanpur PGDM, IIM Lucknow

Experience

Over 18 years of experience as under: From April 1, 2023 onwards- Fund manager- DSP Asset Managers Private Limited From May 1, 2021 to March 31, 2023- Fund manager- DSP Investment Managers Private Limited From Jan 2021 to April 30, 2021 - DSP Investment Managers Private Limited – Investments – Equities From April 2018 to December 2020- EdelCap Securities Limited, Systematic Trading Division. From October 2015 – February 2018 – Kotak Securities Limited, Proprietary Trading and Structured Products Division. From April 2010 to October 2015 – Kotak Mahindra Investments Limited, Structured Products Division

Funds managed (3)

All schemes Abhishek Singh runs →

KNKaivalya NadkarniManaging since 01 Oct 2024

Education

Charted Accountant (CA), B.Com.

Experience

Over 6 years of experience as detailed under: From Sept 2024 to Present - Equity Dealing - DSP Asset Managers Private Limited From Sept 2018 to August 2024 - Equity Dealing, Fund Management & Fund Accounting - ICICI Prudential AMC

Funds managed (10)

All schemes Kaivalya Nadkarni runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Abhishek Singh Kaivalya Nadkarni

Top holdings

HDFC Bank Limited ICICI Bank Limited Mahindra & Mahindra Limited Kotak Mahindra Bank Limited Bharti Airtel Limited Reliance Industries Limited ITC Limited SBI Life Insurance Co Limited NTPC Limited Axis Bank Limited HDFC Life Insurance Co Limited State Bank of India

DSP in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Value funds

Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.

Frequently asked questions

What is the NAV of DSP Value Fund?

As of 01 Oct 2026, the NAV of DSP Value Fund is ₹17.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has DSP Value Fund delivered?

DSP Value Fund has returned -5.07% over 1 year, +8.98% per year over 3 years, +6.19% per year over 5 years and +10.60% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of DSP Value Fund?

DSP Value Fund charges an expense ratio of 1.55% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of DSP Value Fund?

DSP Value Fund's largest holdings are HDFC Bank Limited (8.0%), ICICI Bank Limited (7.9%), Mahindra & Mahindra Limited (3.4%), Bharti Airtel Limited (2.6%) and Reliance Industries Limited (2.3%). Holdings are disclosed monthly and change over time.

How risky is DSP Value Fund?

DSP Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.4% and its worst peak-to-trough fall in our sample was -24.9%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.18 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. DSP Value Fund's 0.18 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of DSP Value Fund?

DSP Value Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages DSP Value Fund?

DSP Value Fund is managed by Abhishek Singh and Kaivalya Nadkarni at DSP.

How is DSP Value Fund taxed?

DSP Value Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.