DSP Value Fund
Value fund from DSP Mutual Fund. Direct and regular Growth plans: returns over 1, 3 and 5 years, against the Nifty 500, its rank among value funds and what a ₹10,000 SIP became.
As of 30 Sep 2026, DSP Value Fund (direct plan, Growth) has returned 12.3% a year over 5 years, 15.6% over 3 years. That ranks 8 of 16 value funds over 5 years. The Nifty 500 index returned 8.7% over the same 5 years, so the fund beat it by 3.6 points a year. Expense ratio: 1.55% a year for the direct plan and 2.41% for the regular plan. Latest NAV ₹23.64 (28 Oct 2026).
DSP Value Fund returns
| Plan | 1 year | 3 years | 5 years | 10 years | vs index, 5y | Beat the index (rolling 3y) |
|---|---|---|---|---|---|---|
| Direct | 4.3% | 15.6% | 12.3% | — | +3.6% | 26 of 33 |
| Regular | 3.5% | 14.6% | 11.4% | — | +2.7% | 23 of 33 |
To 30 Sep 2026. The rolling column counts every 3-year stretch in the stored history and how many of them the fund beat the Nifty 500 index in. Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund.
Against the index
| Period | Fund | Nifty 500 | Nifty 50 |
|---|---|---|---|
| 1 year | 4.3% | -2.1% | -7.3% |
| 3 years | 15.6% | 9.2% | 5.8% |
| 5 years | 12.3% | 8.7% | 6.1% |
Calendar-year returns
| Year | Direct | Regular |
|---|---|---|
| 2025 | 12.4% | 11.5% |
| 2024 | 21.8% | 20.9% |
| 2023 | 30.9% | 29.9% |
| 2022 | -1.8% | -2.5% |
| 2021 | 32.0% | 31.0% |
Expense ratio
1.55% a year for the direct plan and 2.41% for the regular plan, as disclosed for 30 Sep 2026 (AMFI's TER disclosure). It is taken out of the fund every day, so the returns above are already after it. On ₹10 lakh growing at 12% a year for 10 years, a 2.41% expense ratio instead of 1.55% costs ₹2,03,153. Try your own numbers with the expense ratio calculator.
Direct vs regular plan
The regular plan returned 0.87 points a year less than the direct plan over 5 years: on ₹10 lakh invested 5 years ago, that is ₹68,456 less today. The difference is the distributor's commission and the higher expense ratio. See it for your amount with the direct vs regular calculator.
Where it ranks among value funds
| Rank | Fund | 5-year return (direct) |
|---|---|---|
| 1 | Axis Value Fund | 15.6% |
| 2 | JM Value Fund | 14.3% |
| 3 | HDFC Value Fund | 13.2% |
| 4 | Canara Robeco Value Fund | 12.8% |
| 5 | ICICI Prudential Value Fund (erstwhile Value Discovery Fund) | 12.8% |
| 8 | DSP Value Fund | 12.3% |
Ranked by 5-year return among the 16 value funds with that much history. All value funds.
Key takeaways
Frequently asked questions
What is the NAV of DSP Value Fund?
₹23.64 for the direct plan (Growth) on 28 Oct 2026, from AMFI.
What are DSP Value Fund's 5-year returns?
12.3% a year (direct plan, to 30 Sep 2026).
Has DSP Value Fund beaten its index?
Over 5 years it returned 12.3% a year against 8.7% for the Nifty 500.
What is the expense ratio of DSP Value Fund?
1.55% a year for the direct plan and 2.41% for the regular plan (AMFI disclosure for 30 Sep 2026).