Shares that look cheap for what they earn. Shares bought because they look cheap against earnings, assets or cash flow.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Quant Value Fund (+16.8% a year), Axis Value Fund (+16.5% a year) and LIC MF Value Fund (+15.1% a year). Past returns do not tell you future returns.
Quant Value Fund quant | +3.5% | +16.8% | — | 1/21 | 2.32% | ₹1,812 cr |
Axis Value Fund Axis | +2.0% | +16.5% | +13.5% | 2/21 | 2.21% | ₹1,878 cr |
| +11.7% | +15.1% | — | 3/21 | 3.33% | ₹374 cr | |
| +0.3% | +15.1% | +11.4% | 4/21 | 2.36% | ₹2,288 cr | |
HDFC Value Fund HDFC | +0.1% | +14.6% | +11.6% | 5/21 | 1.88% | ₹8,138 cr |
HSBC Value Fund HSBC | -4.6% | +13.3% | — | 6/21 | 1.84% | ₹14,511 cr |
Aditya Birla Sun Life Value Fund Aditya Birla Sun Life | +2.0% | +11.8% | +11.7% | 7/21 | 2.02% | ₹6,460 cr |
ICICI Prudential Value Fund ICICI Prudential | -7.3% | +11.5% | +12.7% | 8/21 | 1.55% | ₹58,495 cr |
Nippon India Value Fund Nippon India | -10.1% | +11.3% | +10.8% | 9/21 | 1.98% | ₹8,335 cr |
| -7.3% | +11.3% | +9.4% | 10/21 | 1.87% | ₹9,077 cr | |
Tata Value Fund Tata | -5.1% | +11.3% | +11.0% | 11/21 | 1.99% | ₹8,143 cr |
Groww Value Fund Groww | -5.1% | +10.3% | +8.4% | 12/21 | 2.89% | ₹81 cr |
Union Value Fund Union | -5.7% | +10.1% | +9.8% | 13/21 | 2.70% | ₹379 cr |
Bandhan Value Fund Bandhan | -3.9% | +10.0% | +10.6% | 14/21 | 1.98% | ₹9,607 cr |
| -7.2% | +9.1% | +8.6% | 15/21 | 3.00% | ₹332 cr | |
Quantum Value Fund Quantum | -8.8% | +8.9% | +7.9% | 16/21 | 2.20% | ₹1,059 cr |
JM Value Fund JM Financial | -8.1% | +8.9% | +11.2% | 17/21 | 2.73% | ₹724 cr |
Canara Robeco Value Fund Canara Robeco | -7.8% | +8.7% | +10.3% | 18/21 | 2.29% | ₹1,206 cr |
Templeton India Value Fund Franklin Templeton | -9.2% | +7.9% | +9.9% | 19/21 | 2.26% | ₹1,801 cr |
Baroda BNP Paribas Value Fund Baroda BNP Paribas | -5.9% | +7.8% | — | 20/21 | 2.39% | ₹909 cr |
Sundaram Value Fund Sundaram | -10.1% | +6.1% | +6.2% | 21/21 | 2.28% | ₹1,211 cr |
Bank of India Value Fund Bank of India | — | — | — | — | 4.04% | ₹363 cr |
Mahindra Manulife Value Fund Mahindra Manulife | +0.6% | — | — | — | 2.54% | ₹1,018 cr |
| — | — | — | — | 3.14% | ₹217 cr |
The largest funds in the category, two at a time
Answered from the figures above, updated every business day
24 funds, managing ₹1.38 lakh cr between them as of 3 Nov 2026. The largest is ICICI Prudential Value Fund, at ₹58,495 cr.
The average Value fund returned -3.9% over the last year, +11.3% a year over three years, +10.3% a year over five years. Over the last year the funds ranged from -10.1% to +11.7%. Past returns do not tell you future returns.
ICICI Prudential Value Fund, at 1.55% a year, against 2.29% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Quant Value Fund, at +16.8% a year over the last three years, against +11.3% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 14.2%: the higher it is, the more the price swings from day to day. 23 of 24 carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.
Looking at a different kind of fund? See every category.
NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.