Value Funds Compared
Every value mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 500, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 21 value funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 12.3% a year, against 8.7% for the Nifty 500 index; 14 of 16 beat it. The highest 5-year return was Axis Value Fund at 15.6% a year.
All value funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) | Beat index (rolling 3y) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Axis Value Fund | 7.0% | 17.0% | 15.6% | — | 14.0% | 16.0% | 0.94% | 26/26 |
| 2 | JM Value Fund | 0.3% | 11.7% | 14.3% | 15.1% | 13.2% | 12.7% | 1.59% | 48/50 |
| 3 | HDFC Value Fund | 5.5% | 15.0% | 13.2% | 14.2% | 12.2% | 13.3% | 1.11% | 49/50 |
| 4 | Canara Robeco Value Fund | -3.1% | 9.9% | 12.8% | — | 11.1% | 9.6% | 0.86% | 26/26 |
| 5 | ICICI Prudential Value Fund (erstwhile Value Discovery Fund) | -6.2% | 10.4% | 12.8% | 14.1% | 12.2% | 9.8% | 1.09% | 50/50 |
| 6 | Tata Value Fund | 0.4% | 12.0% | 12.7% | 13.8% | 11.6% | 11.0% | 1.07% | 45/50 |
| 7 | Nippon India Value Fund | -4.5% | 12.4% | 12.5% | 14.7% | 11.7% | 10.8% | 1.28% | 50/50 |
| 8 | DSP Value Fund | 4.3% | 15.6% | 12.3% | — | 11.4% | — | 1.55% | 26/33 |
| 9 | Bandhan Value Fund | -1.4% | 9.3% | 12.2% | 15.1% | 11.0% | 9.4% | 0.98% | 48/50 |
| 10 | Templeton India Value Fund | -5.7% | 8.1% | 11.9% | 13.1% | 10.6% | 8.2% | 1.11% | 46/50 |
| 11 | Union Value Fund | -0.1% | 11.2% | 11.6% | — | 10.4% | 10.5% | 1.51% | 50/50 |
| 12 | ITI Value Fund | 2.3% | 11.6% | 11.3% | — | 9.2% | 11.4% | 1.42% | 29/29 |
| 13 | Groww Value Fund | 0.1% | 11.8% | 10.9% | 10.8% | 9.3% | 10.5% | 1.62% | 37/50 |
| 14 | UTI Value Fund | -4.7% | 10.9% | 10.2% | 12.9% | 9.4% | 9.0% | 1.33% | 47/50 |
| 15 | Quantum Value Fund | -8.1% | 8.3% | 8.7% | 10.1% | 7.9% | 6.7% | 1.14% | 31/50 |
| 16 | Sundaram Value Fund | -6.7% | 5.8% | 7.2% | 9.8% | 6.6% | 5.1% | 1.78% | 10/50 |
| — | Aditya Birla Sun Life Value Fund | — | — | — | — | 12.7% | — | 1.20% | — |
| — | Baroda BNP Paribas Value Fund | -2.1% | 8.1% | — | — | — | — | 1.33% | — |
| — | HSBC Value Fund | 2.0% | 14.5% | — | — | — | — | 0.89% | 12/12 |
| — | LIC MF Value Fund | 22.3% | 17.2% | — | — | — | — | 1.86% | — |
| — | Quant Value Fund | 14.2% | 19.7% | — | — | — | — | 0.91% | 23/23 |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). 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. Other categories: all mutual fund categories.
How many value funds beat the Nifty 500?
14 of the 16 funds with 5 years of history beat the Nifty 500 index (through a low-cost index fund) over 5 years. Compare any one fund with its index over every 3-year stretch on the mutual fund vs index fund page.
Key takeaways
Frequently asked questions
Which value fund has given the highest returns?
Over the 5 years to 30 Sep 2026, Axis Value Fund (direct plan) at 15.6% a year. Past returns do not predict future ones.
What is the average return of value funds?
The median direct plan returned 12.3% a year over 5 years to 30 Sep 2026.
Do value funds beat the index?
14 of 16 did over 5 years, before tax; an index fund is the low-cost alternative.