DSP Value Fund Direct Growth

Fund Overview

Fund Size

₹1,326 Cr

Expense Ratio

0.95%

ISIN

INF740KA1PP3

Minimum SIP

₹100

Exit Load

1.00%

Inception Date

10 Dec 2020

About this fund

DSP Value Fund Direct Growth is a Value mutual fund schemes offered by DSP Mutual Fund. This fund has been in existence for 5 years, 1 months and 12 days, having been launched on 10-Dec-20.
As of 20-Jan-26, it has a Net Asset Value (NAV) of ₹23.61, Assets Under Management (AUM) of 1325.77 Crores, and an expense ratio of 0.95%.

DSP Value Fund Direct Growth has given a CAGR return of 18.30% since inception.
The fund's asset allocation comprises around 87.17% in equities, 0.00% in debts, and 12.77% in cash & cash equivalents.
You can start investing in DSP Value Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+12.32%

+5.42% (Cat Avg.)

3 Years

+20.67%

+18.26% (Cat Avg.)

5 Years

+17.08%

+17.17% (Cat Avg.)

Since Inception

+18.30%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹1,155.7 Cr	87.17%
Others	₹170.07 Cr	12.83%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
The Harding Loevner Global Equity USD I	Mutual Fund - Open End	₹61.61 Cr	4.65%
Hdfc Bank Limited Jan26	Equity	₹-59.79 Cr	4.51%
Cash & Cash Equivalents	Cash	₹59.79 Cr	4.51%
HDFC Bank Ltd	Equity	₹59.42 Cr	4.48%
Treps / Reverse Repo Investments	Cash - Repurchase Agreement	₹53.36 Cr	4.02%
Bharti Airtel Ltd	Equity	₹47 Cr	3.54%
Larsen & Toubro Ltd	Equity	₹42.43 Cr	3.20%
Infosys Ltd	Equity	₹39.82 Cr	3.00%
Net Receivables/Payables	Cash	₹36.82 Cr	2.78%
SK Hynix Inc	Equity	₹34.39 Cr	2.59%
Heptagon WCM Global Equity I USD Acc	Mutual Fund - Open End	₹31.11 Cr	2.35%
GAIL (India) Ltd	Equity	₹29.66 Cr	2.24%
Indus Towers Ltd Ordinary Shares	Equity	₹26.76 Cr	2.02%
LTIMindtree Ltd	Equity	₹25.88 Cr	1.95%
Power Grid Corp Of India Ltd	Equity	₹25.75 Cr	1.94%
Samvardhana Motherson International Ltd	Equity	₹25.58 Cr	1.93%
Sun Pharmaceuticals Industries Ltd	Equity	₹24.95 Cr	1.88%
Bharat Electronics Ltd	Equity	₹23.94 Cr	1.81%
Angel One Ltd Ordinary Shares	Equity	₹23.89 Cr	1.80%
Jindal Steel Ltd	Equity	₹23.39 Cr	1.76%
Microsoft Corp	Equity	₹22.28 Cr	1.68%
HCL Technologies Ltd	Equity	₹22.22 Cr	1.68%
Dr Reddy's Laboratories Ltd	Equity	₹22.13 Cr	1.67%
Oberoi Realty Ltd	Equity	₹21.58 Cr	1.63%
Cipla Ltd	Equity	₹21.49 Cr	1.62%
Hindalco Industries Ltd	Equity	₹20.31 Cr	1.53%
Hero MotoCorp Ltd	Equity	₹20.05 Cr	1.51%
Oil India Ltd	Equity	₹19.63 Cr	1.48%
Hindustan Petroleum Corp Ltd	Equity	₹18.66 Cr	1.41%
Bajaj Auto Ltd	Equity	₹18.3 Cr	1.38%
Bharat Petroleum Corp Ltd	Equity	₹18.19 Cr	1.37%
Amazon.com Inc	Equity	₹17.91 Cr	1.35%
Maruti Suzuki India Ltd	Equity	₹17.63 Cr	1.33%
Tencent Holdings Ltd	Equity	₹17.3 Cr	1.30%
Hindustan Zinc Ltd	Equity	₹17.15 Cr	1.29%
Craftsman Automation Ltd	Equity	₹17.07 Cr	1.29%
Apollo Tyres Ltd	Equity	₹16.98 Cr	1.28%
Cash Margin	Cash	₹16.67 Cr	1.26%
Alibaba Group Holding Ltd Ordinary Shares	Equity	₹16.28 Cr	1.23%
Kalpataru Projects International Ltd	Equity	₹15.52 Cr	1.17%
CE Info Systems Ltd	Equity	₹14.62 Cr	1.10%
Contemporary Amperex Technology Co Ltd Class A	Equity	₹14.18 Cr	1.07%
Novo Nordisk AS ADR	Equity	₹14.17 Cr	1.07%
CIE Automotive India Ltd	Equity	₹14.04 Cr	1.06%
JSW Steel Ltd	Equity	₹13.9 Cr	1.05%
Nike Inc Class B	Equity	₹13.78 Cr	1.04%
Radico Khaitan Ltd	Equity	₹13.38 Cr	1.01%
NVIDIA Corp	Equity	₹13.12 Cr	0.99%
LT Foods Ltd	Equity	₹12.49 Cr	0.94%
Schneider Electric SE	Equity	₹12.4 Cr	0.94%
Sony Group Corp	Equity	₹12.34 Cr	0.93%
Ipca Laboratories Ltd	Equity	₹12.23 Cr	0.92%
UltraTech Cement Ltd	Equity	₹11.44 Cr	0.86%
Godrej Consumer Products Ltd	Equity	₹10.78 Cr	0.81%
NMDC Ltd	Equity	₹10.48 Cr	0.79%
Tata Motors Ltd	Equity	₹9.72 Cr	0.73%
iShares S&P 500 Energy Sect ETF USD Acc	Mutual Fund - ETF	₹9.28 Cr	0.70%
Deepak Nitrite Ltd	Equity	₹9.14 Cr	0.69%
Archean Chemical Industries Ltd	Equity	₹9.02 Cr	0.68%
Brookfield Corp Registered Shs -A- Limited Vtg	Equity	₹8.67 Cr	0.65%
Tata Motors Passenger Vehicles Ltd	Equity	₹8.6 Cr	0.65%
Avanti Feeds Ltd	Equity	₹8.12 Cr	0.61%
Cyient Ltd	Equity	₹7.87 Cr	0.59%
Sapphire Foods India Ltd	Equity	₹7.78 Cr	0.59%
Vardhman Textiles Ltd	Equity	₹6.94 Cr	0.52%
Alembic Pharmaceuticals Ltd	Equity	₹5.36 Cr	0.40%
GMM Pfaudler Ltd	Equity	₹5.26 Cr	0.40%
iShares Global Healthcare ETF	Mutual Fund - ETF	₹4.52 Cr	0.34%
Gujarat Ambuja Exports Ltd	Equity	₹4.3 Cr	0.32%
Tata Steel Ltd	Equity	₹4.03 Cr	0.30%
Atul Ltd	Equity	₹3.8 Cr	0.29%
Triveni Engineering & Industries Ltd	Equity	₹3.6 Cr	0.27%
Aarti Drugs Ltd	Equity	₹2.89 Cr	0.22%
Sony Financial Group Inc	Equity	₹0.42 Cr	0.03%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹210.67 Cr	15.89%
Technology	₹184.67 Cr	13.93%
Basic Materials	₹122.67 Cr	9.25%
Industrials	₹121.6 Cr	9.17%
Healthcare	₹103.22 Cr	7.79%
Financial Services	₹92.4 Cr	6.97%
Communication Services	₹91.05 Cr	6.87%
Energy	₹56.47 Cr	4.26%
Utilities	₹55.4 Cr	4.18%
Consumer Defensive	₹52.66 Cr	3.97%
Real Estate	₹21.58 Cr	1.63%

Risk & Performance Ratios

Fund Managers

Aparna Karnik

Since May 2022

Kaivalya Nadkarni

Since October 2024

Additional Scheme Detailsas of 31st December 2025

ISIN

INF740KA1PP3

Expense Ratio

0.95%

Exit Load

1.00%

Fund Size

₹1,326 Cr

Age

5 years 1 month

Lumpsum Minimum

₹100

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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Fund name	Expense Ratio	Exit Load	Fund size	1Y
Nippon India ETF Nifty 50 Value 20 Very High Risk	0.3%	-	₹158.04 Cr	2.1%
Axis Nifty500 Value 50 ETF Very High Risk	0.3%	-	₹18.66 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.5%	0.0%	₹660.46 Cr	-
Mahindra Manulife Value Fund Regular Growth Very High Risk	2.3%	0.0%	₹660.46 Cr	-
Axis Nifty500 Value 50 Index Fund Regular Growth Very High Risk	1.1%	0.0%	₹112.92 Cr	16.6%
Axis Nifty500 Value 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹112.92 Cr	17.7%
ICICI Prudential Nifty200 Value 30 ETF Very High Risk	0.3%	-	₹17.58 Cr	23.2%
ICICI Prudential Nifty50 Value 20 ETF Very High Risk	0.3%	-	₹192.71 Cr	2.1%
HSBC Value Fund Direct Growth Very High Risk	0.7%	1.0%	₹14752.64 Cr	10.4%
Quant Value Fund Regular Growth Very High Risk	2.0%	1.0%	₹1738.13 Cr	-2.3%
Quant Value Fund Direct Growth Very High Risk	0.5%	1.0%	₹1738.13 Cr	-0.7%
Bandhan Sterling Value Fund Direct Growth Very High Risk	0.7%	1.0%	₹10462.68 Cr	5.6%
Nippon India Value Fund Direct Growth Very High Risk	1.1%	1.0%	₹9153.07 Cr	7.1%
JM Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹957.01 Cr	-2.6%
Canara Robeco Value Fund Direct Growth Very High Risk	0.6%	1.0%	₹1336.34 Cr	5.9%
Canara Robeco Value Fund Regular Growth Very High Risk	2.1%	1.0%	₹1336.34 Cr	4.4%
ITI Value Fund Regular Growth Very High Risk	2.4%	0.0%	₹349.28 Cr	4.7%
ITI Value Fund Direct Growth Very High Risk	0.6%	0.0%	₹349.28 Cr	6.6%
Union Value Discovery Fund Regular Growth Very High Risk	2.5%	1.0%	₹370.70 Cr	7.5%
Union Value Discovery Fund Direct Growth Very High Risk	1.3%	1.0%	₹370.70 Cr	8.8%
LIC MF Long Term Value Fund Regular Growth Very High Risk	2.5%	1.0%	₹199.33 Cr	-6.5%
LIC MF Long Term Value Fund Direct Growth Very High Risk	1.4%	1.0%	₹199.33 Cr	-5.3%
Nippon India ETF Nifty 50 Value 20 Very High Risk	0.3%	-	₹177.14 Cr	-9.9%
HSBC Value Fund Regular Growth Very High Risk	1.7%	1.0%	₹14752.64 Cr	9.3%
Quantum Long Term Equity value Fund Regular Growth Very High Risk	2.1%	2.0%	₹1207.75 Cr	3.9%
Axis Value Fund Direct Growth Very High Risk	0.7%	1.0%	₹1372.33 Cr	6.6%
Axis Value Fund Regular Growth Very High Risk	2.1%	1.0%	₹1372.33 Cr	5.2%
DSP Value Fund Regular Growth Very High Risk	1.8%	1.0%	₹1325.77 Cr	11.4%
DSP Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹1325.77 Cr	12.3%
UTI Value Opportunities Fund Direct Growth Very High Risk	1.2%	1.0%	₹10150.97 Cr	8.6%
Aditya Birla Sun Life Pure Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹6410.90 Cr	3.4%
ICICI Prudential Value Discovery Fund Direct Growth Very High Risk	1.0%	1.0%	₹61271.76 Cr	12.2%
Tata Equity P/E Fund Direct Growth Very High Risk	0.8%	0.0%	₹9060.58 Cr	6.2%
Templeton India Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹2326.48 Cr	6.6%
HDFC Capital Builder Value Fund Direct Growth Very High Risk	1.0%	1.0%	₹7651.59 Cr	10.9%
Bandhan Sterling Value Fund Regular Growth Very High Risk	1.7%	1.0%	₹10462.68 Cr	4.5%
Aditya Birla Sun Life Pure Value Fund Regular Growth Very High Risk	1.9%	1.0%	₹6410.90 Cr	2.5%
Baroda BNP Paribas Value Fund Direct Growth Very High Risk	1.1%	1.0%	₹1169.44 Cr	2.8%
Baroda BNP Paribas Value Fund Regular Growth Very High Risk	2.2%	1.0%	₹1169.44 Cr	1.7%
JM Value Fund Regular Growth Very High Risk	2.3%	1.0%	₹957.01 Cr	-3.8%
ICICI Prudential Value Discovery Fund Regular Growth Very High Risk	1.5%	1.0%	₹61271.76 Cr	11.7%
Quantum Long Term Equity value Fund Direct Growth Very High Risk	1.1%	2.0%	₹1207.75 Cr	4.9%
Nippon India Value Fund Regular Growth Very High Risk	1.8%	1.0%	₹9153.07 Cr	6.3%
UTI Value Opportunities Fund Regular Growth Very High Risk	1.8%	1.0%	₹10150.97 Cr	7.9%
HDFC Capital Builder Value Fund Regular Growth Very High Risk	1.8%	1.0%	₹7651.59 Cr	10.0%
Kotak Nifty 50 Value 20 ETF Very High Risk	0.1%	-	₹87.77 Cr	2.3%
Templeton India Value Fund Regular Growth Very High Risk	2.0%	1.0%	₹2326.48 Cr	5.3%
Tata Equity P/E Fund Regular Growth Very High Risk	1.8%	0.0%	₹9060.58 Cr	5.1%
Motilal Oswal S&P BSE Enhanced Value ETF Very High Risk	0.3%	-	₹129.21 Cr	22.6%
ICICI Prudential Nifty50 Value 20 ETF Very High Risk	0.3%	-	₹128.26 Cr	35.5%

About the AMC

DSP Mutual Fund

+91 18002084499

https://www.dspim.com/

Total AUM

₹2,26,547 Cr

Address

West Wing, 11th Floor, Mumbai, 400021

Other Funds by DSP Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
DSP Nifty 500 Index Fund Direct Growth Very High Risk	-	0.0%	-	-
DSP Fixed Maturity Plan Series 277 789 Days Direct Growth High Risk	-	0.0%	-	-
DSP Nifty Smallcap 250 Index Fund Direct Growth Very High Risk	-	0.0%	₹7.78 Cr	-
DSP Nifty Midcap 150 Index Fund Direct Growth Very High Risk	-	0.0%	₹8.09 Cr	-
DSP Nifty500 Flexicap Quality 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹108.61 Cr	-
DSP Nifty IT Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹50.97 Cr	-
DSP Nifty Healthcare Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹14.60 Cr	-
DSP Silver ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹712.39 Cr	-
DSP Nifty Private Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹57.83 Cr	-
DSP BSE SENSEX Next 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹14.30 Cr	-
DSP Business Cycle Fund Direct Growth Very High Risk	0.6%	0.0%	₹1175.58 Cr	8.0%
DSP Nifty Top 10 Equal Weight Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1466.83 Cr	5.6%
DSP Nifty Bank Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹58.22 Cr	21.7%
DSP US Treasury Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹65.95 Cr	12.3%
DSP Nifty Healthcare ETF Regular Growth Very High Risk	0.2%	-	₹10.83 Cr	-0.5%
DSP Multicap Fund Direct Growth Low Risk	0.5%	1.0%	₹2681.86 Cr	1.4%
DSP Nifty Smallcap250 Quality 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹285.44 Cr	-10.0%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹1623.85 Cr	24.5%
DSP Gold ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹331.34 Cr	101.0%
DSP Multi Asset Allocation Fund Direct Growth Very High Risk	0.2%	1.0%	₹6440.17 Cr	28.2%
DSP FMP - Series 264 - 60M - 17D Direct Growth Low to Moderate Risk	-	0.0%	₹52.27 Cr	7.5%
DSP FMP Series 267 - 1246 Days Direct Growth Low Risk	-	0.0%	₹699.56 Cr	7.0%
DSP FMP Series 261 37 Month Direct Growth Moderate Risk	-	-	-	-
DSP Fixed Maturity Plan Series 270 1144 Days Direct Growth Low Risk	-	0.0%	₹180.35 Cr	7.0%
DSP FMP Series 268 - 1281 Days Direct Growth Low Risk	-	-	₹122.54 Cr	6.9%
DSP FMP Series 252 38 Month Direct Growth Moderate Risk	-	0.0%	-	-
DSP Banking & PSU Debt Fund Direct Growth Low Risk	0.3%	0.0%	₹3948.37 Cr	6.3%
DSP Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.7%	1.0%	₹3708.72 Cr	9.2%
DSP Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹2659.27 Cr	5.7%
DSP Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹904.10 Cr	10.4%
DSP Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹1153.07 Cr	6.2%
DSP Healthcare Fund Direct Growth Very High Risk	0.6%	0.0%	₹3114.33 Cr	-5.9%
DSP Global Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹1982.13 Cr	4.0%
DSP Quant Fund Direct Growth Very High Risk	0.6%	0.0%	₹880.84 Cr	9.5%
DSP Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹6367.49 Cr	7.0%
DSP Value Fund Direct Growth Very High Risk	0.9%	1.0%	₹1325.77 Cr	12.3%
DSP Nifty SDL Plus G-Sec Jun 2028 30:70 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2033.73 Cr	7.9%
DSP Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹314.47 Cr	7.3%
DSP Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹12327.61 Cr	5.9%
DSP Government Securities Direct Growth Moderate Risk	0.6%	0.0%	₹1292.05 Cr	4.0%
DSP Equity & Bond Fund Direct Growth High Risk	0.7%	1.0%	₹12161.66 Cr	6.9%
DSP Focus Fund Direct Growth Very High Risk	0.9%	1.0%	₹2686.67 Cr	9.5%
DSP Credit Risk Fund Direct Growth Moderately High risk	0.4%	3.0%	₹205.76 Cr	21.6%
DSP India TIGER Fund Direct Growth Very High Risk	0.7%	1.0%	₹5323.37 Cr	1.2%
DSP Liquidity Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹17776.95 Cr	6.5%
DSP Regular Saving Fund Direct Growth Moderately High risk	0.5%	0.0%	₹183.97 Cr	7.7%
DSP Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹16934.59 Cr	-1.2%
DSP Ultra Short Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3971.51 Cr	7.2%
DSP Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3905.96 Cr	7.2%
DSP Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹19585.60 Cr	5.2%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of DSP Value Fund Direct Growth?

The NAV of DSP Value Fund Direct Growth, as of 20-Jan-2026, is ₹23.61.

What are the returns of DSP Value Fund Direct Growth?

The fund has generated 12.32% over the last 1 year and 20.67% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of DSP Value Fund Direct Growth?

The fund's allocation of assets is distributed as 87.17% in equities, 0.00% in bonds, and 12.77% in cash and cash equivalents.

Who manages the DSP Value Fund Direct Growth?

The fund managers responsible for DSP Value Fund Direct Growth are:-

Aparna Karnik
Kaivalya Nadkarni

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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DSP Value Fund Direct Growth

Fund Overview