HDFC Value Fund
Fund basics
Everything the NAV says
Computed from 3,374 published NAVs between 1 Jan 2013 and 16 Sep 2026 — 13.7 years of history. Nothing here is an estimate; it is arithmetic on what the fund actually printed.
How it has moved
Return over time (%)
| Fund name | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|
| HDFC Value Fund Direct | -2.85 | 1.69 | 8.97 | 4.63 | 14.79 | 13.46 | 17.39 | 14.33 | 15.76 |
| Nifty 500 benchmark | 0.87 | 4.31 | 2.15 | 5.20 | 12.49 | 11.41 | — | — | 15.49 |
| Value / Contra category median · 24 funds | — | — | — | 0.84 | 12.32 | 13.38 | — | 14.48 | — |
Anything over a year is annualised (CAGR); shorter windows are absolute. The benchmark row is the index fund named below, priced daily by AMFI like every other scheme here. The category row is the median Direct plan in Value / Contra — the middle fund, not a ranking, and a median rather than an average so that one mis-stated scheme cannot move it. As on 24 Sep 2026.
Risk measures
| Fund name | Volatility | Sharpe | Sortino | Beta | Alpha | Max fall |
|---|---|---|---|---|---|---|
| HDFC Value Fund Direct | 15.64 | 0.53 | 0.72 | 1.01 | 2.60 | -43.90 |
| Nifty 500 benchmark | 17.16 | 0.35 | 0.47 | — | — | -37.31 |
Risk-free rate 6.5%. Beta and alpha need an index, so the benchmark's own row leaves them blank.
Against its benchmark
Regressed on the 83 months this fund and Nifty 500 (via Motilal Oswal Nifty 500 Index Fund) both have. Alpha is Jensen's — the return left over after the market move this fund's own beta would predict.
| Alpha | Beta | R² | Fund vs index | Up capture | Down capture | Tracking error | Information ratio | Treynor |
|---|---|---|---|---|---|---|---|---|
| 2.60% | 1.01 | 97% | 2.72% | 106% | 96% | 3.31% | 0.82 | 11.06 |
Up and down capture are the pair worth reading together: a fund that takes 95% of the rises but only 80% of the falls is doing something a headline CAGR will never show you.
Risk
| Volatility | Downside volatility | Sharpe | Sortino |
|---|---|---|---|
| 15.6% | 11.5% | 0.53 | 0.72 |
Risk-free rate 6.5%, roughly the 10-year government bond.
The worst it has been
| Deepest fall | Time to recover | Today, from its peak |
|---|---|---|
| -43.9% | 8 months | -3.4% |
A drawdown is the fall from a previous high to the low that followed it. It is the number that decides whether somebody stays invested — a fund can have an excellent ten-year return and still have been unbearable to hold in year four.
Every one-year period it has lived through
| Best year | Median year | Worst year | Losing years |
|---|---|---|---|
| 88.4% | 14.3% | -40.3% | 12% |
Rolling returns ask a fairer question than a single five-year figure: not "what did it do from this one start date", but "what happened across every start date". A fund whose worst year is −45% is a different proposition from one whose worst is −8%, even if the averages match.
Calendar years
If you had run a SIP
₹10,000 every month for five years — ₹600,000 invested in all — would be worth ₹850,315 today, an XIRR of 13.92% a year.
XIRR, not CAGR. A SIP's money arrives over sixty months, so most of it has been invested for far less than five years — which is why this figure normally sits below the five-year CAGR above in a rising market, and above it in a falling one. It is the return the investor got, not the return the fund got.
What it actually holds
The real portfolio the AMC filed with AMFI. Nothing here is estimated — when a fund has no filing in our store the section simply does not appear. A fund is its holdings; the returns above are only what those holdings did.
Asset allocation
A fund's risk starts here — how much of it is even in the market — before any question of which stocks or which sectors. Cash is not idleness; it is the manager's choice not to be invested, and it shows up as a drag in a rising market and a cushion in a falling one.
Portfolio aggregates
Concentration
| Number of stocks | 78 |
|---|---|
| Top 5 stocks | 20.58% |
| Top 10 stocks | 31.80% |
| Top 20 stocks | 48.90% |
| Largest single holding | 6.60% |
| Largest sector | Banks · 22.00% |
| Number of sectors | 32 |
| Effective stocks | 50.1 |
| Cash & equivalents | 0.81% |
Counting positions overstates diversification. The effective-stocks figure is the honest count: a portfolio can hold seventy names and still have most of its money in twenty.
Sector allocation
Largest holdings
Top 10 are 31.8% of the fund. A high number means a concentrated portfolio — fewer names doing more of the work, for better and for worse.
Disclosed holdings from the AMC's AMFI filing, largest first. A portfolio is filed monthly and shifts between filings — this is the most recent one loaded, not a live book.
What the manager did last month
Between the filing of 31 Jul 2026 and 31 Aug 2026. A position grows for two reasons — the manager bought more, or the price went up — and only the first is a decision. The share count is what separates them, because it moves only when somebody trades.
Swipe the table sideways for share counts, price change and values.
| Stock | Shares traded | Change in shares | Change in price | Value of the trade₹ crore | Position now₹ crore |
|---|---|---|---|---|---|
| New positiondid not hold this a month ago 5 | |||||
| ICICI PRUDENTIAL ASSET MANAGEMENT COMPANY LIMITED | 163,132 | entered | — | 50.0 | 50.0 |
| Rubicon Research Limited | 222,132 | entered | — | 40.4 | 40.4 |
| Molbio Diagnostics Limited | 333,622 | entered | — | 36.2 | 36.2 |
| AUGMONT ENTERPRISES LIMITED | 279,186 | entered | — | 25.4 | 25.4 |
| Lumino Industries Limited | 657,566 | entered | — | 5.4 | 5.4 |
| Added tobought more shares than last month 4 | |||||
| Alkem Laboratories Ltd. | 51,120 | +64.5% | -7.3% | 27.2 | 69.5 |
| HDFC Life Insurance Company Limited | 300,000 | +25.0% | -0.9% | 16.3 | 81.5 |
| Maruti Suzuki India Limited | 6,000 | +7.1% | -4.8% | 8.1 | 122 |
| Popular Vehicles and Services Limited | 219,126 | +31.8% | -3.2% | 2.3 | 9.6 |
| Trimmedcut the share count, without selling out 6 | |||||
| UNIPARTS INDIA LIMITED | 205,604 | -39.1% | +22.7% | 18.4 | 28.6 |
| Infosys Limited | 100,000 | -5.9% | +0.3% | 11.3 | 181 |
| STERLITE TECHNOLOGIES LIMITED | 150,000 | -8.8% | +30.8% | 10.9 | 113 |
| Apar Industries Limited | 2,000 | -3.0% | +23.4% | 3.5 | 113 |
| Trent Ltd. | 10,000 | -3.5% | -4.2% | 2.9 | 79.2 |
| Baazar Style Retail Limited | 57,070 | -5.4% | +47.7% | 2.3 | 40.1 |
| Sold out ofheld last month, gone this month 1 | |||||
| Kwality Wall’s (India) Limited | 295,000 | exited | — | 0.9 | — |
Only stocks and fund units are listed. Treasury bills, repo and money-market lines roll over every month by design — they are larger in rupees than most equity trades and are not decisions, so they are summarised as cash above rather than listed as activity. Share counts and values are the fund house's own filing. What a position cost when it was first bought is in no monthly disclosure, so a value here is what the shares were worth at the later filing, not what was paid.
How it compares in its category
Against the Value / Contra Direct schemes with the highest three-year return. Same category, same plan — the only comparison that means anything. The list re-sorts itself as returns move; it is an ordering by one number, not a view on which fund anyone should hold.
| Scheme | Return | Alpha | Beta | Volatility | Sharpe | Max fall |
|---|---|---|---|---|---|---|
| HDFC Value Fund HDFC Mutual Fund · this scheme | 14.8% | 2.6% | 1.01 | 15.6% | 0.53 | -43.9% |
| Quant Value Fund quant Mutual Fund | 19.4% | 8.7% | 1.20 | 19.2% | 0.67 | -24.0% |
| Axis Value Fund Axis Mutual Fund | 17.1% | 7.0% | 0.97 | 14.4% | 0.73 | -20.2% |
| LIC MF Value Fund LIC Mutual Fund | 15.8% | 5.8% | 1.10 | 16.7% | 0.56 | -25.2% |
| DSP Value Fund DSP Mutual Fund | 15.1% | 5.4% | 0.65 | 10.3% | 0.83 | -16.5% |
| HSBC Value Fund HSBC Mutual Fund | 14.8% | 7.8% | 0.98 | 14.9% | 0.56 | -19.6% |
| Kotak Contra Fund Kotak Mahindra Mutual Fund | 14.1% | 3.6% | 0.99 | 15.4% | 0.49 | -37.9% |
| Invesco India Contra Fund Invesco Mutual Fund | 13.1% | 3.5% | 0.99 | 15.8% | 0.42 | -36.5% |
| Nippon India Value Fund Nippon India Mutual Fund | 12.9% | 3.4% | 1.03 | 16.5% | 0.39 | -38.6% |
Alpha and beta are against Nifty 500. Max fall is the deepest peak-to-trough drop in each fund's own history, so a longer-running fund has had more chances to record a bad one. Click a column to sort. This is a sort, not a ranking, and nothing here is a recommendation.
What a Value / Contra scheme is
At least 65% in equity, following a value or contrarian strategy.
Buying what the market dislikes. These funds can lag for years — sometimes many years — and then make it back quickly. Judging one over three years usually judges the market's mood rather than the manager.
Who it suits. Patient investors who understand that being early looks identical to being wrong.
How long money should stay. 7 to 10 years.
Questions people ask
What is the NAV of HDFC Value Fund — Direct Plan — Growth Option?
₹874.3900 as on 24 Sep 2026, from AMFI's daily NAV file. NAV is declared once each business day after markets close, so the figure here is the most recent one published.
What is the difference between the Direct and Regular plan of HDFC Value Fund?
They hold the identical portfolio, run by the same manager. A Regular plan pays a distributor commission out of the fund, inside its expense ratio — commonly 0.5% to 1.2% a year more than Direct. That difference is charged on the whole balance, every year, so it compounds: on ₹1,00,000 held ten years a gap of 1.5 percentage points is roughly ₹1.4 lakh of ending value. Direct is the same fund without the commission.
What does the Growth option mean?
Growth reinvests everything the fund earns back into the NAV. Nothing is paid out, so the NAV rises with returns and you are taxed only when you sell. For anybody who does not need income from the investment, Growth is the simpler and usually the more tax-efficient option.
What kind of scheme is this?
At least 65% in equity, following a value or contrarian strategy. Buying what the market dislikes. These funds can lag for years — sometimes many years — and then make it back quickly. Judging one over three years usually judges the market's mood rather than the manager.
How long should money stay in it?
Typically 7 to 10 years. Patient investors who understand that being early looks identical to being wrong.