Best Value Mutual 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.
Top value mutual funds by 3Y returns
20Direct plan, Growth option — ranked by 3-year CAGR. Open a fund for NAV history, rolling returns, risk metrics and peer rank.
As of 05 Oct 2026, Quant Value Fund (Direct plan, Growth option) leads value mutual funds on 3-year CAGR at +19.89%, followed by LIC MF Value Fund at +17.26% and Axis Value Fund at +17.19%. Across 24 value mutual funds the category averaged +12.15% over three years, at an average expense ratio of 1.27%. All figures are computed from public AMFI NAV history and recomputed daily; past returns do not predict future ones.
| 1 | Quant Value Fund quant | ★★★★☆ | +12.1% | +19.9% | — | 0.90% | ₹1,967Cr |
| 2 | LIC MF Value Fund LIC | ★★★☆☆ | +19.0% | +17.3% | — | 1.78% | ₹283.29Cr |
| 3 | Axis Value Fund Axis | ★★★★★ | +5.1% | +17.2% | +15.2% | 0.92% | ₹1,804Cr |
| 4 | DSP Value Fund DSP | ★★★★★ | +3.5% | +15.4% | +12.3% | 1.54% | ₹2,167Cr |
| 5 | HDFC Value Fund HDFC | ★★★☆☆ | +3.9% | +15.1% | +12.9% | 1.11% | ₹8,030Cr |
| 6 | HSBC Value Fund HSBC | ★★★★☆ | +0.1% | +14.5% | — | 0.88% | ₹15,096Cr |
| 7 | Aditya Birla Sun Life Value Fund Aditya Birla Sun Life | ★★☆☆☆ | +8.2% | +13.2% | +13.0% | 1.20% | ₹6,807Cr |
| 8 | Nippon India Value Fund Nippon India | ★★★☆☆ | -6.1% | +12.4% | +11.8% | 1.28% | ₹8,976Cr |
| 9 | Tata Value Fund Tata | ★★★☆☆ | -1.7% | +12.3% | +12.3% | 1.04% | ₹8,191Cr |
| 10 | JM Value Fund JM Financial | ★★★☆☆ | -1.7% | +11.7% | +13.9% | 1.57% | ₹809.50Cr |
| 11 | Groww Value FundSmall fund Groww | ★★☆☆☆ | -1.3% | +11.6% | +10.6% | 1.56% | ₹75.21Cr |
| 12 | ITI Value Fund ITI | ★★★☆☆ | -0.2% | +11.5% | +11.0% | 1.34% | ₹360.23Cr |
| 13 | Union Value Fund Union | ★★★★☆ | -2.0% | +11.0% | +11.0% | 1.51% | ₹393.92Cr |
| 14 | UTI Value Fund UTI | ★★☆☆☆ | -6.4% | +11.0% | +9.9% | 1.35% | ₹9,537Cr |
| 15 | ICICI Prudential Value Fund ICICI Prudential | ★★★★☆ | -7.5% | +10.8% | +12.3% | 1.08% | ₹60,108Cr |
| 16 | Canara Robeco Value Fund Canara Robeco | ★★★☆☆ | -4.4% | +9.9% | +12.3% | 0.86% | ₹1,278Cr |
| 17 | Bandhan Value Fund Bandhan | ★★★☆☆ | -3.0% | +9.6% | +11.7% | 0.95% | ₹9,945Cr |
| 18 | Quantum Value Fund Quantum | ★★☆☆☆ | -9.6% | +8.5% | +8.4% | 1.14% | ₹1,114Cr |
| 19 | Templeton India Value Fund Franklin Templeton | ★☆☆☆☆ | -7.2% | +8.4% | +11.5% | 1.11% | ₹1,956Cr |
| 20 | Baroda BNP Paribas Value Fund Baroda BNP Paribas | ★☆☆☆☆ | -3.8% | +8.3% | — | 1.33% | ₹992.29Cr |
NAV data as of 05 Oct 2026. Returns are CAGR for periods ≥1 year, computed from AMFI NAV history. Ratings are WealthTicker’s own, ranked within sub-category peers — not a SEBI or agency rating. See our methodology for every formula. This is data, not investment advice.
Popular comparisons
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Understand value mutual funds
From the blog
Value investing: how to find undervalued stocks
02 Oct 2026
What 'undervalued' means, the ratios that flag it, the traps behind cheap stocks, and how value indices and value funds have done as of 1 October 2026.
Value and contra funds vs flexi caps: the 5-year edge
01 Oct 2026
Over five years to 30 September 2026 the median value fund returned 12.29% a year and the median flexi-cap 10.11%. Over one year the order flipped.
Equity funds at 52-week lows? Almost none, even now
28 Sep 2026
On 25 September 2026 no equity fund closed at a 52-week low, and 3 of 528 were within 2% of one, while the Nifty 50 sat just 3.62% above its March low.
Frequently asked questions
What are value mutual 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.
Which is the best value fund right now?
Quant Value Fund by quant currently ranks first among value mutual funds by 3-year CAGR at +19.89%. Rankings move with NAVs — past returns don't guarantee future performance.
What returns have value mutual funds given?
The category has averaged -0.20% over 1 year, +12.15% annualized over 3 years, +11.58% annualized over 5 years — peer averages over the live funds in the category, computed from AMFI NAV history.
How are value mutual funds taxed?
Equity taxation: gains within 1 year are short-term and taxed at 20%; beyond 1 year, long-term gains above ₹1.25 lakh a year are taxed at 12.5%.