DSP Value Fund Direct IDCW NAV today
AMFI: 148596ISIN: INF740KA1PQ1MUTF_IN: DSP_VALU_DIR_1FIKVEWDSP Mutual FundValue funds
NAV ₹17.8630
NAV for 22 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹2,225 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.53%16 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 18.130 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighJun 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 6530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 10 Dec 2020
DSP Value Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 22 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −1.76% | −2.18% | – | – | – |
| 1 month | −3.30% | −4.79% | 3 of 24 | −6.63% | −8.3% to −5.1% |
| 3 months | −4.50% | −6.03% | 5 of 22 | −5.55% | −6.5% to −4.7% |
| 6 months | −2.30% | −5.01% | 4 of 22 | −5.18% | −6.8% to −2.8% |
| 1 year | +1.42% | −7.64% | 2 of 22 | −7.64% | −10.1% to −1.6% |
| 3 years | +15.18% | +9.04% | 4 of 21 | +11.03% | +9.6% to +13.8% |
| 5 years | +12.00% | +8.17% | 4 of 19 | +11.15% | +9.8% to +11.9% |
| 10 years | Needs 10 years | – | – | +13.05% | +11.1% to +13.9% |
₹10,000 put in on 11 Dec 2020 is ₹23,565 at the NAV of 22 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty 500 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Value funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +4.33% | −2.03% |
| 3 years | +15.53% | +9.50% |
| 5 years | +12.28% | +9.04% |
| Since launch | +16.11% | +13.64% |
Benchmark: Nifty 500 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty 500 TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
- Loss
Highest year to Dec 2021, +32.0%; lowest year to Dec 2022, −1.8%Above the benchmark in 4 of 5 years
DSP Value Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 22 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,17,664₹1,17,659 after stamp duty | −3.77% | −3.78% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹4,00,372₹4,00,352 after stamp duty | +7.15% | +7.15% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹8,19,943₹8,19,902 after stamp duty | +12.57% | +12.57% | ₹30 | |
| Since Dec 202070 instalments | ₹7,00,000 | ₹10,20,220₹10,20,169 after stamp duty | +12.90% | +12.90% | ₹35 |
10 years: Launched 10 Dec 2020, needs 10 years of history.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 11 Dec 2020 to 22 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,120 windows−6.2%+15.6%+44.4%90.2%
3 years635 windows+13.2%+18.7%+23.8%100.0%
5 yearsLaunched 10 Dec 2020, needs 6 years of history
Every 3-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
DSP Value Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.87 ptsA year, on 16 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.54%Over the last 20 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.40%Over the last 20 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.97%, May 2026.Direct plan lowest 0.77%, Mar 2021.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.98% | 1.72% |
| Brokerage | 0.08% | 0.08% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.46% | 0.59% |
Per cent of assets a year, filed for 16 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
Holding period from the date of allotment: - Up to 10% of units: Nil exit load if redeemed or switched out within 1 month. - Exceeding 10% of units: 1% exit load if redeemed or switched within 1 month. - After 1 months: Nil exit load on any redemption or switch-out
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP minimum
- Rs. 100/- for all frequencies
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP instalments, at least
- Minimum 12 installments for all frequencies
- SIP dates
- 01,02,03,04,05,06,07,08,09,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31
As listed for this plan on 24 Oct 2026.
DSP Value Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹2,167 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 28.2%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Dec 2020.
Assets at each month end
Highest ₹5,237 Cr, Jun 2026.Lowest ₹549 Cr, Jun 2022.
DSP Value Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| HDFC BankBanks | Shares | Large cap2nd | 9.45% | 210.19 | 29,65,873 | Feb 2023 |
| ICICI BankBanks | Shares | Large cap5th | 8.22% | 182.76 | 13,82,794 | May 2026 |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 3.29% | 73.23 | 2,48,244 | Mar 2026 |
| NTPCPower | Shares | Large cap20th | 2.65% | 58.95 | 18,26,415 | Jun 2026 |
| Maruti Suzuki IndiaAutomobiles | Shares | Large cap12th | 2.59% | 57.57 | 48,110 | Feb 2024 |
| HDFC Asset Management CompanyCapital Markets | Shares | Large cap96th | 2.57% | 57.24 | 2,50,962 | Jul 2026 |
| ITCDiversified FMCG | Shares | Large cap17th | 2.56% | 56.91 | 21,66,003 | Jun 2026 |
| Axis BankBanks | Shares | Large cap15th | 2.48% | 55.27 | 4,50,781 | May 2026 |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 2.47% | 55.03 | 3,13,200 | Jul 2025 |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | Shares | Mid cap164th | 2.43% | 53.97 | 1,04,515 | Jun 2026 |
| Hero MotoCorpAutomobiles | Shares | Mid cap103rd | 2.30% | 51.14 | 97,582 | Dec 2020or earlier |
| CiplaPharmaceuticals & Biotechnology | Shares | Large cap99th | 2.29% | 51.02 | 3,79,042 | Dec 2020or earlier |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 2.15% | 47.87 | 11,47,923 | Jan 2026 |
| SBI Life Insurance CompanyInsurance | Shares | Large cap45th | 2.13% | 47.48 | 2,79,888 | May 2026 |
| State Bank of IndiaBanks | Shares | Large cap4th | 2.02% | 45.05 | 4,69,478 | Jul 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| NIFTY Oct26 | 3.98% | 88.56 | 39,000 |
| Bajaj Finance Limited Oct26 | −0.56% | −12.39 | −1,28,250 |
| Kotak Mahindra Bank Limited Oct26 | −0.47% | −10.42 | −2,50,000 |
| Reliance Industries Limited Oct26 | −0.02% | −0.36 | −3,000 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TREPS / Reverse Repo Investments | 7.30% | 162.47 |
| Net Receivables/Payables | −1.64% | −36.52 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 9.45%HDFC Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 26.20%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 38.71%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 29.1Taken over 90.36% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares76.51%
- Foreign shares8.89%
- REIT and InvIT units1.02%
- Units of other funds3.94%
- Cash and receivables8.59%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.2.93%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.5.03%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap81.01%Category 56.71%
- Mid cap14.02%Category 15.96%
- Small cap4.97%Category 26.14%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Category is the average of 24 Value funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.14sectors
- Financial Services33.95%Category 30.44%
- Foreign shares8.89%Category 0.39%
- Automobile And Auto Components8.77%Category 7.71%
- Healthcare6.39%Category 6.88%
- Fast Moving Consumer Goods4.88%Category 3.98%
- Telecommunication4.37%Category 3.10%
- Power4.20%Category 3.88%
- Oil Gas & Consumable Fuels3.47%Category 5.61%
- Information Technology2.35%Category 5.78%
- Capital Goods1.63%Category 7.07%
- Realty1.43%Category 1.26%
- Construction1.34%Category 2.46%
- Construction Materials1.04%Category 1.51%
- Chemicals0.90%Category 1.22%
- Metals & Mining0.74%Category 2.98%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Foreign shares are one part, not split by sector. Category is the average of 24 Value funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Value funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services13 companies | 33.95% | 29.11% | 29.47% | 25.52% | 22.72% | 2.79% | 2.17% | 1.55% | 1.78% | 1.77% | 2.19% | 2.09% | |
| Foreign sharesIT - Software, IT - Hardware, Consumer Durables, Retailing, Auto Components and others | 8.89% | 9.20% | 8.95% | 8.88% | 10.42% | 12.17% | 11.67% | 13.27% | 15.40% | 14.87% | 15.87% | 17.45% | |
| Automobile And Auto Components4 companies | 8.77% | 7.57% | 8.08% | 7.03% | 7.60% | 9.62% | 10.08% | 9.77% | 9.46% | 10.43% | 9.77% | 9.40% | |
| Healthcare7 companies | 6.39% | 4.81% | 4.66% | 5.13% | 5.83% | 6.12% | 6.00% | 5.98% | 5.91% | 6.71% | 7.32% | 6.56% | |
| Fast Moving Consumer Goods4 companies | 4.88% | 4.33% | 3.25% | 3.45% | 2.15% | 2.91% | 2.85% | 3.09% | 3.48% | 3.96% | 3.99% | 4.01% | |
| Telecommunication2 companies | 4.37% | 4.27% | 4.44% | 4.33% | 4.83% | 5.15% | 5.03% | 5.14% | 5.12% | 5.56% | 5.81% | 4.99% | |
| Power2 companies | 4.20% | 3.76% | 3.63% | 3.26% | 2.11% | 2.47% | 2.66% | 2.66% | 1.85% | 1.94% | 2.10% | 2.10% | |
| Oil Gas & Consumable Fuels5 companies | 3.47% | 3.73% | 3.65% | 2.80% | 3.21% | 5.63% | 5.37% | 6.39% | 6.15% | 6.50% | 6.69% | 6.10% | |
| Information Technology3 companies | 2.35% | 2.11% | 2.23% | 2.88% | 3.45% | 4.86% | 5.52% | 5.74% | 7.66% | 8.32% | 7.66% | 6.91% | |
| Capital Goods2 companies | 1.63% | 1.77% | 2.36% | 2.60% | 2.66% | 3.28% | 3.46% | 4.09% | 2.99% | 2.94% | 3.07% | 3.15% | |
| Realty1 company | 1.43% | 1.34% | 1.36% | 1.43% | 1.49% | 1.56% | 1.40% | 1.41% | 1.44% | 1.63% | 1.26% | 1.41% | |
| Construction1 company | 1.34% | 0.89% | 0.90% | 1.86% | 4.27% | 4.47% | 4.16% | 4.08% | 3.93% | 4.37% | 4.23% | 4.46% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 87.40% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 58.99% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 21
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 4
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 36
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 7.40%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 17.91%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Reliance Industries | Trimmed | 0.02% | 2.26% | −2.24 pts | −3,90,000 |
| HDFC Bank | Added | 9.45% | 7.98% | +1.47 pts | +4,68,154 |
| Knowledge Realty Trust | New | 1.02% | 0.00% | +1.02 pts | +19,96,335 |
| Max Financial Services | New | 1.00% | 0.00% | +1.00 pts | +1,61,373 |
| HDFC Asset Management Company | Added | 2.57% | 1.72% | +0.85 pts | +1,04,938 |
| Cipla | Added | 2.29% | 1.53% | +0.76 pts | +1,38,107 |
| Maruti Suzuki India | Added | 2.59% | 1.96% | +0.63 pts | +16,039 |
| Oil India | Trimmed | 0.64% | 1.27% | −0.63 pts | −2,66,834 |
| Alkem Laboratories | Added | 2.43% | 1.87% | +0.56 pts | +26,568 |
| Kotak Mahindra Bank | Trimmed | 2.15% | 2.66% | −0.51 pts | −2,57,421 |
| NTPC | Added | 2.65% | 2.19% | +0.46 pts | +3,39,109 |
| Larsen & Toubro | Added | 1.34% | 0.89% | +0.45 pts | +30,111 |
| Hero MotoCorp | Added | 2.30% | 1.88% | +0.42 pts | +20,961 |
| Oil & Natural Gas Corporation | Added | 1.40% | 0.98% | +0.42 pts | +4,35,285 |
| Axis Bank | Added | 2.48% | 2.12% | +0.36 pts | +89,175 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 8 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HDFC Bank | 4.95%Cut | 4.84% | 4.48% | 3.94% | 3.59% | 2.99% | 2.72% | 7.65%Added | 8.55%Added | 8.72%Added | 7.98% | 9.45%Added |
 ICICI Bank | – | – | – | – | – | – | – | 7.34%Bought again | 8.43%Added | 8.11% | 7.92% | 8.22%Added |
 Mahindra & Mahindra | – | – | – | – | – | 1.11%Bought again | 1.00% | 2.34%Added | 3.32%Added | 3.65%Added | 3.40% | 3.29%Added |
 NTPC | – | – | – | – | – | – | – | – | 1.34%Bought | 1.88%Added | 2.19%Added | 2.65%Added |
 Maruti Suzuki India | 1.43% | 1.34% | 1.33% | 1.09% | 1.06% | 1.35%Added | 1.26% | 1.16% | 1.15% | 2.13%Added | 1.96% | 2.59%Added |
 HDFC Asset Management Company | – | – | – | – | – | – | – | – | – | 1.78%Bought | 1.72% | 2.57%Added |
 ITC | – | – | – | – | – | – | – | – | 2.25%Bought again | 2.03% | 2.25%Added | 2.56%Added |
 Axis Bank | – | – | – | – | – | – | – | 2.55%Bought again | 2.46% | 2.07% | 2.12% | 2.48%Added |
 Bharti Airtel | 3.35%Added | 3.76%Added | 3.54% | 3.11% | 3.18%Added | 3.13%Added | 3.47%Added | 3.14% | 2.94% | 2.88% | 2.56% | 2.47% |
 Alkem Laboratories | – | – | – | – | – | – | – | – | 0.88%Bought again | 1.38%Added | 1.87%Added | 2.43%Added |
 Hero MotoCorp | 1.61% | 1.72% | 1.51% | 1.36% | 1.34% | 1.20% | 1.35%Added | 2.00%Added | 1.81% | 1.93%Added | 1.88% | 2.30%Added |
 Cipla | 1.78% | 1.74% | 1.62% | 1.33% | 1.29% | 1.19% | 1.09% | 1.09% | 1.79%Added | 1.66% | 1.53% | 2.29%Added |
 Kotak Mahindra Bank | – | – | – | 2.68%Bought again | 2.60% | 2.24% | 2.09% | 2.96%Added | 2.79% | 2.56% | 2.66% | 2.15%Cut |
 SBI Life Insurance Company | – | – | – | – | – | – | – | 1.44%Bought | 2.16%Added | 2.46%Added | 2.19% | 2.13% |
 State Bank of India | – | – | – | – | – | – | – | – | – | 1.74%Bought | 1.97%Added | 2.02%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 22 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Value funds (21 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.11.48%
11.48%Lowest15.96%Average21.81%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.6.30%
6.30%Lowest9.89%Average12.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.81
0.05Lowest0.42Average0.81Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.1.32
0.07Lowest0.64Average1.32Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty 500 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.65
0.65Lowest0.97Average1.20Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+7.23 pts
−3.40 ptsLowest+3.29 ptsAverage of 16 funds+9.47 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.80.6
74.6Lowest91.3Average97.5Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.90
0.86Lowest0.95Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.86.3%
81.6%Lowest104.7%Average139.1%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.46.5%
46.5%Lowest90.8%Average107.8%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20260.71
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year | −8.33% | 11 Feb 2026 | 23 Mar 2026 | 7 May 2026 |
| 3 years | −13.69% | 27 Sep 2024 | 7 Apr 2025 | 3 Jul 2025 |
| 5 years and since Dec 2020 | −16.45% | 17 Jan 2022 | 20 Jun 2022 | 2 Dec 2022 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| May 2026 to Jun 20262 months | Very High | Very HighNifty 500 TRI |
| Jan 2025 to Mar 202615 months | Very High | Very HighNifty 500 TRI |
| Nov 2021 to Nov 202437 months | Very High | Very HighNifty 500 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
DSP Value Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Abhishek SinghPrimary (Equity and Overseas portion) | May 2026 | −1.10%over 150 days | −0.67% | −0.43 pts | 43.8% | 17.3% | 4 | ₹16,799 Cr |
| Kaivalya Nadkarni(Equity portion) | Oct 2024 | +4.27%a year | −2.40% | +6.66 pts | 10.6% | 15.4% | 11 | ₹22,103 Cr₹4,747 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| DSP Aggressive Hybrid FundAbhishek Singh | Mar 2024 | +7.03%a year | – | – | ₹11,312 Cr |
| DSP Equity Savings FundAbhishek Singh | May 2021 | +8.61%a year | – | – | ₹3,087 Cr |
| DSP Conservative Hybrid FundAbhishek Singh | May 2021 | +7.89%a year | – | – | ₹175 Cr |
| DSP Arbitrage FundKaivalya Nadkarni | Oct 2024 | +6.88%a year | – | – | ₹6,720 Cr |
| DSP Dynamic Asset Allocation FundKaivalya Nadkarni | Oct 2024 | +3.98%a year | – | – | ₹3,704 Cr |
| DSP Equity Savings FundKaivalya Nadkarni | Oct 2024 | +3.17%a year | – | – | ₹3,087 Cr |
| DSP World Gold Mining Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +69.57%a year | – | – | ₹1,665 Cr |
| DSP Income Plus Arbitrage Omni FoFKaivalya Nadkarni | Mar 2025 | +5.64%a year | – | – | ₹1,621 Cr |
| DSP Global Innovation Overseas Equity Omni FoFKaivalya Nadkarni | May 2025 | +35.86%a year | – | – | ₹1,466 Cr |
| DSP US Specific Equity Omni FoFKaivalya Nadkarni | May 2025 | +45.97%a year | – | – | ₹1,280 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| ICICI Prudential Value FundICICI Prudential Mutual Fund | 49.35% | 25 |
| UTI Value FundUTI Mutual Fund | 42.81% | 22 |
| Bandhan Value FundBandhan Mutual Fund | 37.93% | 20 |
| Sundaram Value FundSundaram Mutual Fund | 37.45% | 20 |
| HDFC Value FundHDFC Mutual Fund | 34.23% | 21 |
| Canara Robeco Value FundCanara Robeco Mutual Fund | 33.62% | 16 |
| Nippon India Value FundNippon India Mutual Fund | 32.96% | 18 |
| Templeton India Value FundFranklin Templeton Mutual Fund | 32.89% | 15 |
| Axis Value FundAxis Mutual Fund | 31.47% | 23 |
| Union Value FundUnion Mutual Fund | 31.43% | 20 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| DSP Large Cap FundDSP Mutual Fund | 52.60% |
| DSP ELSS Tax Saver FundDSP Mutual Fund | 49.91% |
| DSP Large & Mid Cap FundDSP Mutual Fund | 44.91% |
| DSP Flexi Cap FundDSP Mutual Fund | 42.72% |
| DSP Business Cycle FundDSP Mutual Fund | 42.66% |
| DSP Focused FundDSP Mutual Fund | 34.15% |
| DSP Multi Cap FundDSP Mutual Fund | 28.09% |
| DSP Banking & Financial Services FundDSP Mutual Fund | 22.59% |
| DSP Quant FundDSP Mutual Fund | 20.18% |
| DSP India T.I.G.E.R. FundDSP Mutual Fund | 16.16% |
As the fund house states it, for Sep 2026.
DSP Value Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹1.60 a unit, Mar 2026.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 5 Mar 2026 | ₹1.60 | 8.21% | ₹19.4950 | ₹17.7780 |
| 6 Mar 2025 | ₹1.50 | 8.14% | ₹18.4290 | ₹16.8960 |
| 10 Mar 2022 | ₹1.30 | 10.20% | ₹12.7460 | ₹11.5570 |
All 3 payouts since 10 Mar 2022.
Changes to the fund
Newest first.
2026
- 4 JunExpenseBase expense ratio, regular plan: 1.53% to 1.76%+0.23 ptsExpense ratio change. The plan's typical expense ratio (the middle of its daily figures) in the month the change took effect, against the month before, in percentage points.
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related securities which are currently undervalued. However, there is no assurance that the investment objective of the scheme will be achieved.
Asset allocation
- Equity & Equity related Instruments following value strategy: 80% - 100%
- Other Equity & Equity related Instruments / Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds^: 0% - 20%
- For detailed asset allocation pattern, please refer to the Scheme Information Document
^Any other security as may be permitted by SEBI/ RBI from time to time. Other Liquid instruments includes cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by the SEBI. The scheme may invest in the units of Overnight Fund, Money Market Fund & Liquid Fund (including Liquid ETFs) of Domestic Mutual Fund.
Type of scheme
An open ended equity scheme following a value investment strategy
- Stated category
- Value Fund/Contra Fund
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty 500 TRI
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 20 Nov 2020 to 4 Dec 2020
- Units first allotted
- 10 Dec 2020
- Open for sale again
- 14 Dec 2020
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹500
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 148595 | INF740KA1PP3 | DSP_VALU_DIR_KB33ET | 11 Dec 2020 | |
| Regular Growth | 148594 | INF740KA1PM0 | DSP_VALU_REG_TP8VFX | 11 Dec 2020 | |
| Direct IDCW | 148596 | INF740KA1PQ1 | INF740KA1PR9 | DSP_VALU_DIR_1FIKVEW | 11 Dec 2020 |
| Regular IDCW | 148597 | INF740KA1PN8 | INF740KA1PO6 | DSP_VALU_REG_C0J9PG | 11 Dec 2020 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Factsheet September 2026 (opens in a new tab)DSP Mutual Fund, Sep 2026
Statement of additional information
- SAI DSP Mutual Fund (opens in a new tab)DSP Mutual Fund, Oct 2026
Annual report
- Annual Report for the Financial Year 2025 – 2026 (For all DSP Schemes) (opens in a new tab)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Fixed Maturity Plans (Live and Matured)) (opens in a new tab)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Equity Schemes) (opens in a new tab)DSP Mutual Fund, Mar 2026
- Abridged Annual Reports For Financial Year 2025-26 (For our Hybrid Schemes and Multi Asset Scheme) (opens in a new tab)DSP Mutual Fund, Mar 2026
Riskometer disclosure
- Changes in risk level of schemes and other details during FY 2025- 2026 (opens in a new tab)DSP Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio overlap 30 sep (opens in a new tab)DSP Mutual Fund, Sep 2026