Returns as of: 5 November 2026
- Category average return: 1 month 3.58%, 1 year 0.76%, 3 years 13.53% a year
- Every fund rose over the past month
- About half the funds had a positive return over one year
- 11% of 1-year rolling windows ended below zero
- Average expense ratio of Direct plans: 1.27%
- Largest fund by assets: ICICI Pru Value Fund
Value funds performance: the category recorded an average return of 3.58% over the month. Every fund rose over the month. The 1-year average return was 0.76%, with about half of the 22 funds having a positive return.
Value funds: returns across the category
| Period | Average | Median | Funds with a positive return | Funds counted |
|---|---|---|---|---|
| 1 week | 4.87% | 4.94% | 24 of 24 | 24 |
| 1 month | 3.58% | 3.63% | 24 of 24 | 24 |
| 3 months | −2.48% | −2.39% | 1 of 23 | 23 |
| 6 months | 1.98% | 1.91% | 16 of 22 | 22 |
| 1 year | 0.76% | −1.04% | 10 of 22 | 22 |
| 3 years (a year) | 13.53% | 13.07% | 21 of 21 | 21 |
| 5 years (a year) | 12.25% | 12.66% | 19 of 19 | 19 |
The 1-year average return of 0.76% is lower than the 3-year average return of 13.53%. While the 1-year average was positive, the median return for the same period was −1.04%. All funds delivered a positive return over the 3-year period.
Highest and lowest returns over the past month
| Fund | 1 month | 1 week |
|---|---|---|
| ICICI Pru Value Fund | 6.84% | 5.94% |
| Quantum Value Fund | 6.75% | 5.08% |
| UTI Value Fund | 5.37% | 4.85% |
| Fund | 1 month | 1 week |
|---|---|---|
| JM Value Fund | 0.22% | 4.48% |
| LIC MF Value Fund | 0.54% | 4.75% |
| Quant Value Fund | 0.82% | 4.52% |
Highest 3-year returns
| Fund | 1 year | 3 years (a year) | Expense ratio |
|---|---|---|---|
| Quant Value Fund | 10.59% | 20.23% | 0.97% |
| Axis Value Fund | 6.63% | 19.14% | 0.87% |
| LIC MF Value Fund | 17.47% | 17.54% | 1.78% |
| DSP Value Fund | 4.38% | 16.86% | 1.50% |
| HDFC Value Fund | 4.59% | 16.69% | 1.11% |
Rolling returns
| Measure | Category average 1-year return |
|---|---|
| Lowest window | −6.3% (ending 26 September 2025) |
| Median | 9.0% |
| Highest window | 51.8% (ending 28 March 2024) |
| Share of windows below zero | 11% |
| Latest window (ending 5 November 2026) | 0.7% |
Rolling 1-year returns for the category reached a high of 51.8% and a low of −6.3%. The median rolling return was 9.0%. The latest rolling window of 0.7% is lower than the median rolling window.
Largest funds and costs
| Fund | Assets (₹ crore) | 1 year | 3 years (a year) |
|---|---|---|---|
| ICICI Pru Value Fund | 57,250 | −3.55% | 13.13% |
| HSBC Value Fund | 14,660 | 0.30% | 15.59% |
| Bandhan Value Fund | 9,507 | 0.24% | 12.08% |
| UTI Value Fund | 9,025 | −3.53% | 13.07% |
| Nippon India Value Fund | 8,479 | −5.97% | 13.26% |
| Expense ratio | Funds counted | |
|---|---|---|
| Average | 1.27% | 24 |
| Lowest: Canara Rob Value Fund | 0.86% | |
| Highest: LIC MF Value Fund | 1.78% |
Value funds: FAQs
How have Value funds performed over the past year?
The average 1-year return of 22 Direct Growth Value funds was 0.76% to 5 November 2026; about half the funds had a positive return. The average 3-year return was 13.53% a year across 21 funds.
What is the average expense ratio of Value funds?
The average expense ratio of 24 Direct plans in the Value category is 1.27%. It ranges from 0.86% (Canara Rob Value Fund) to 1.78% (LIC MF Value Fund).
Which Value fund is the largest?
ICICI Pru Value Fund has the largest assets among Value funds, ₹57,250 crore at 30 September 2026, across all its plans.
What are rolling returns?
Rolling returns measure the return over every window of a fixed length, not just the one ending today. Here, each 1-year window ending between 6 November 2023 and 5 November 2026 is averaged across 20 funds, so the result does not depend on one start date.
Why are Direct plans compared?
Direct plans have no distributor commission in their cost, so they are the cleanest way to compare the funds themselves. Regular plans of the same funds charge a higher expense ratio, which reduces their returns.
NAV, expense and portfolio data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.