# Value funds

Shares bought because they look cheap against earnings, assets or cash flow.

Full page: https://discovermf.com/categories/value
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

24 funds managing ₹1.38 lakh cr. Category averages: -3.9% over one year, +11.3% a year over three years; typical expense ratio 2.29%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Quant Value Fund](https://discovermf.com/funds/quant-value-fund-149337.md) | +3.5% | +16.8% | — | 18.5% | 2.32% | ₹1,812 cr |
| [Axis Value Fund](https://discovermf.com/funds/axis-value-fund-149167.md) | +2.0% | +16.5% | +13.5% | 14.1% | 2.21% | ₹1,878 cr |
| [LIC MF Value Fund](https://discovermf.com/funds/lic-mf-value-fund-152016.md) | +11.7% | +15.1% | — | 16.7% | 3.33% | ₹374 cr |
| [DSP Value Fund](https://discovermf.com/funds/dsp-value-fund-148594.md) | +0.3% | +15.1% | +11.4% | 10.6% | 2.36% | ₹2,288 cr |
| [HDFC Value Fund](https://discovermf.com/funds/hdfc-value-fund-101764.md) | +0.1% | +14.6% | +11.6% | 14.3% | 1.88% | ₹8,138 cr |
| [HSBC Value Fund](https://discovermf.com/funds/hsbc-value-fund-151110.md) | -4.6% | +13.3% | — | 15.2% | 1.84% | ₹14,511 cr |
| [Aditya Birla Sun Life Value Fund](https://discovermf.com/funds/aditya-birla-sun-life-value-fund-108167.md) | +2.0% | +11.8% | +11.7% | 15.8% | 2.02% | ₹6,460 cr |
| [ICICI Prudential Value Fund](https://discovermf.com/funds/icici-prudential-value-fund-102594.md) | -7.3% | +11.5% | +12.7% | 12.0% | 1.55% | ₹58,495 cr |
| [Nippon India Value Fund](https://discovermf.com/funds/nippon-india-value-fund-103085.md) | -10.1% | +11.3% | +10.8% | 14.8% | 1.98% | ₹8,335 cr |
| [UTI Value Fund](https://discovermf.com/funds/uti-value-fund-103098.md) | -7.3% | +11.3% | +9.4% | 13.7% | 1.87% | ₹9,077 cr |
| [Tata Value Fund](https://discovermf.com/funds/tata-value-fund-101672.md) | -5.1% | +11.3% | +11.0% | 14.9% | 1.99% | ₹8,143 cr |
| [Groww Value Fund](https://discovermf.com/funds/groww-value-fund-135343.md) | -5.1% | +10.3% | +8.4% | 13.4% | 2.89% | ₹80.7 cr |
| [Union Value Fund](https://discovermf.com/funds/union-value-fund-145471.md) | -5.7% | +10.1% | +9.8% | 14.9% | 2.70% | ₹379 cr |
| [Bandhan Value Fund](https://discovermf.com/funds/bandhan-value-fund-108909.md) | -3.9% | +10.0% | +10.6% | 12.7% | 1.98% | ₹9,607 cr |
| [ITI Value Fund](https://discovermf.com/funds/iti-value-fund-148973.md) | -7.2% | +9.1% | +8.6% | 16.5% | 3.00% | ₹332 cr |
| [Quantum Value Fund](https://discovermf.com/funds/quantum-value-fund-141068.md) | -8.8% | +8.9% | +7.9% | 13.2% | 2.20% | ₹1,059 cr |
| [JM Value Fund](https://discovermf.com/funds/jm-value-fund-100254.md) | -8.1% | +8.9% | +11.2% | 17.7% | 2.73% | ₹724 cr |
| [Canara Robeco Value Fund](https://discovermf.com/funds/canara-robeco-value-fund-149088.md) | -7.8% | +8.7% | +10.3% | 13.9% | 2.29% | ₹1,206 cr |
| [Templeton India Value Fund](https://discovermf.com/funds/templeton-india-value-fund-100496.md) | -9.2% | +7.9% | +9.9% | 12.7% | 2.26% | ₹1,801 cr |
| [Baroda BNP Paribas Value Fund](https://discovermf.com/funds/baroda-bnp-paribas-value-fund-151747.md) | -5.9% | +7.8% | — | 13.4% | 2.39% | ₹909 cr |
| [Sundaram Value Fund](https://discovermf.com/funds/sundaram-value-fund-101853.md) | -10.1% | +6.1% | +6.2% | 14.2% | 2.28% | ₹1,211 cr |
| [Bank of India Value Fund](https://discovermf.com/funds/bank-of-india-value-fund-154695.md) | — | — | — | 12.7% | 4.04% | ₹363 cr |
| [Mahindra Manulife Value Fund](https://discovermf.com/funds/mahindra-manulife-value-fund-153304.md) | +0.6% | — | — | 15.7% | 2.54% | ₹1,018 cr |
| [NJ Value Fund](https://discovermf.com/funds/nj-value-fund-154458.md) | — | — | — | 11.6% | 3.14% | ₹217 cr |

## Questions

### How many Value funds are there?

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.

### What return have Value funds given?

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.

### Which Value fund has the lowest expense ratio?

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.

### Which Value fund has the highest three-year return?

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.

### How risky are Value funds?

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.