Last updated 1 July 2026 · vs April 2026 · How the score is calculated
Value funds buy stocks that the market is undervaluing relative to fundamentals: low P/E, low P/B, high dividend yield, often in out-of-favour sectors like metals, PSU banks, or capital goods. The category is for investors who believe the market overreacts to short-term news and that disciplined buying of cheap stocks beats trend-following over full cycles. The academic case is strong. The Indian market context is harder: value as a factor has gone through long stretches of underperformance (2017-2020) when growth stocks dominated. Investors who bought value funds at the wrong time have waited 4-5 years for them to pay off. How to read this table. Compare the 5-year return to the BSE 500. Value funds should win over full cycles; if a value fund has trailed the broad market over 5 years, the manager is either picking the wrong cheap stocks or the market has not yet rewarded the right ones.
Each Value Fund fund in the table is scored on a blend of five factors: 1-year, 3-year, and 5-year returns, the 3-year Sharpe ratio, and the 3-year maximum drawdown. The 5-year return carries the heaviest weight; the 1-year return carries the lightest, because a single year is mostly noise. Funds with less than three years of history are kept out of the 3Y / 5Y windows but are still listed if they have a 1-year track record.
The underlying NAV data is sourced nightly from the AMFI daily NAV file and the AMC factsheets. The score is re-run every month after the latest upload. Two funds with a score within 5 points of each other are essentially interchangeable for retail purposes; pick from the top 3-5 names in the list, not just the top 1. The full formula, weights, and edge cases are in the rankings methodology post.
| Rank | Scheme | Score |
|---|---|---|
1↑4 | Quant Value Fund - Growth Option - Regular Plan quant Mutual Fund · Regular | 72.1 |
2↑2 | Aditya Birla Sun Life Value Fund - Growth Option Aditya Birla Sun Life Mutual Fund · Regular | 57.4 |
3↓2 | DSP Value Fund - Regular Plan - Growth DSP Mutual Fund · Regular | 50.8 |
4↓1 | Nippon India Value Fund- Growth Plan Nippon India Mutual Fund · Regular | 47.4 |
5 | ITI Value Fund - Regular Plan - Growth Option ITI Mutual Fund · Regular | 45.5 |
Rankings based on data up to 1 July 2026. Direct plans and regular plans are scored separately; this table shows the regular plan of each fund. For educational purposes only, not investment advice. Mutual fund investments are subject to market risks. Read the full disclaimer.
Value funds split into deep value (buying the cheapest 10% of the market, often cyclicals) and GARP-style value (reasonable price for growth at a reasonable rate). Deep value has higher drawdowns; GARP has lower return potential. Match the type to your patience.
FinvestR Research Desk
Research team, FinvestR
The FinvestR research desk produces the monthly fund rankings and the underlying scoring engine. The team includes AMFI-registered distributors (ARN-142502) and NISM-Series-V-A certified research analysts. Plain English, no product pitches, full methodology on every page.
AMFI-registered Mutual Fund Distributor · ARN-142502 · NISM-Series-V-A: Mutual Fund Distributors
Last updated 1 July 2026. The full ranking methodology and the data sources are published in the July 2026 rankings post. Past performance does not indicate future results.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. FinvestR Capital is registered with AMFI as a Mutual Fund Distributor (ARN-142502). The rankings on this page are research output and not personalised investment advice. Consult a SEBI- registered investment advisor for advice tailored to your situation.