Bandhan Value Fund vs DSP Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Value Fund and DSP Value Fund are both Value and Contra funds. In the 3 years to 30-10-2026, Bandhan Value Fund (Direct) returned 10.3% a year and DSP Value Fund (Direct) returned 16.3% a year. Bandhan Value Fund charges 0.95% a year and DSP Value Fund 1.53% (Direct plans). Their portfolios overlap 37.0%: they hold 19 of the same securities.
Bandhan Value Fund
Value and Contra
- 3 year return
- 10.3%
- Expense ratio
- 0.95%
- NAV
- ₹162.25
Which is better, Bandhan Value or DSP Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Value returned more over 5 years: 12.3% a year against 11.6%.
- DSP Value returned more over 3 years: 16.3% a year against 10.3%.
- Bandhan Value costs less: 0.95% a year against 1.53% (Direct plans).
- DSP Value swung less over 3 years: a standard deviation of 10.4% a year against 12.9%.
- DSP Value fell less in its worst fall since 11-12-2020: −16.4% against −18.6%.
- DSP Value holds 12.8% of the fund in foreign stocks; Bandhan Value 0.0%.
- Bandhan Value is the larger fund: ₹9,981 Cr against ₹2,225 Cr.
- Their portfolios overlap 37.0%: 19 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bandhan Value Fund | DSP Value Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | DSP Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹9,981 Cr (31-08-2026) | ₹2,225 Cr (30-09-2026) |
| NAV | ₹162.25 (Direct) | ₹23.73 (Direct) |
| Expense ratio (Direct) | 0.95% | 1.53% |
| Expense ratio (Regular) | 1.99% | 2.40% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 07-03-2008 | 10-12-2020 |
| Minimum investment | ₹1,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Daylynn Pinto | Abhishek Singh, Kaivalya Nadkarni |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. |
Bandhan Value vs DSP Value: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bandhan Value Fund (Direct) | −0.23% | −4.28% | −1.82% | −5.59% | +10.34% | +11.62% | +14.55% |
| DSP Value Fund (Direct) | −0.43% | −4.38% | −1.65% | +0.33% | +16.31% | +12.31% | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
Bandhan Value vs DSP Value: Year-wise Returns
| Year | BandhanBandhan Value | DSPDSP Value |
|---|---|---|
| 2026to date | −6.88% | −0.94% |
| 2025 | +6.16% | +12.40% |
| 2024 | +19.30% | +21.81% |
| 2023 | +34.05% | +30.91% |
| 2022 | +4.30% | −1.80% |
| 2021 | +66.24% | +31.97% |
Bandhan Value vs DSP Value: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Bandhan Value Fund
Rolling returns
Every 3-year holding period, 720 of them, one for each trading day from 11-12-2023 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bandhan Value Fund (Direct)
DSP Value Fund (Direct)
BSE 500 TRI
to
Mar 2024Aug 2021
to
Aug 2024Feb 2022
to
Feb 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Value | 0.0 | 0.0 | 3.1 | 13.6 | 40.3 | 19.4 | 23.6 | 20.3% | 19.1% | 9.0% | 33.7% | 94% |
| DSP Value | 0.0 | 0.0 | 0.0 | 1.3 | 70.0 | 28.8 | 0.0 | 18.7% | 18.6% | 13.2% | 23.8% | 78% |
| BSE 500 TRI | 0.0 | 0.0 | 3.3 | 28.6 | 56.4 | 11.7 | 0.0 | 16.3% | 16.2% | 8.4% | 22.0% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 11-12-2020. Past returns do not promise future returns.
Bandhan Value vs DSP Value: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan ValueBandhan Value Fund (Direct) | ₹7,10,000 | ₹9,93,311 | ₹2,83,311 | 11.3% |
| DSP ValueDSP Value Fund (Direct) | ₹7,10,000 | ₹10,50,424 | ₹3,40,424 | 13.2% |
Bandhan ValueBandhan Value Fund (Direct)
DSP ValueDSP Value Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bandhan Value vs DSP Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Value Fund (Direct) | DSP Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.59% | +0.33% |
| Standard deviation | 12.62% | 10.12% |
| Sharpe ratio | -0.86 | -0.48 |
| Sortino ratio | -1.16 | -0.66 |
| Maximum drawdown | −13.9% (31-03-2026) | −8.3% (23-03-2026) |
| Beta | 0.86 | 0.66 |
| Alpha | +0.29% | +3.56% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan Value Fund (Direct) | DSP Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.34% | +16.31% |
| Standard deviation | 12.89% | 10.42% |
| Sharpe ratio | 0.34 | 0.99 |
| Sortino ratio | 0.46 | 1.36 |
| Maximum drawdown | −17.9% (04-03-2025) | −13.7% (07-04-2025) |
| Beta | 0.89 | 0.68 |
| Alpha | +0.88% | +7.28% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan Value Fund (Direct) | DSP Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.62% | +12.31% |
| Standard deviation | 13.49% | 10.48% |
| Sharpe ratio | 0.43 | 0.62 |
| Sortino ratio | 0.58 | 0.85 |
| Maximum drawdown | −18.6% (20-06-2022) | −16.4% (20-06-2022) |
| Beta | 0.91 | 0.66 |
| Alpha | +3.23% | +4.49% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bandhan Value Fund (Direct) | DSP Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.54% | +15.82% |
| Standard deviation | 15.87% | 10.33% |
| Sharpe ratio | 0.60 | 1.01 |
| Sortino ratio | 0.80 | 1.40 |
| Maximum drawdown | −51.9% (24-03-2020) | −16.4% (20-06-2022) |
| Beta | 0.91 | 0.63 |
| Alpha | +3.30% | +5.42% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bandhan Value Fund (Direct)
DSP Value Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Value Fund (Direct) | −18.6% | 14-01-2022 | 20-06-2022 | 29-11-2022 | 5 months | −9.7% |
| DSP Value Fund (Direct) | −16.4% | 17-01-2022 | 20-06-2022 | 02-12-2022 | 5 months | −6.0% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 11-12-2020, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Value Fund (Direct)
DSP Value Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Value Fund (Direct)
DSP Value Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bandhan Value Fund (Direct)
DSP Value Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Value Fund (Direct) | 109% | 79% | 6.15% |
| DSP Value Fund (Direct) | 85% | 57% | 7.38% |
From month-end values since 11-12-2020. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Bandhan Value vs DSP Value: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Value Fund, August 2026; DSP Value Fund, September 2026
Holdings in common
- Overlap
- 37.0%
- Held by both
- 19
- Only in Bandhan Value
- 43
- Only in DSP Value
- 28
| Security | % of Bandhan Value | % of DSP Value |
|---|---|---|
| HDFC Bank Limited | 7.81% | 9.45% |
| ICICI Bank Limited | 4.37% | 8.22% |
| Axis Bank Limited | 3.52% | 2.48% |
| Maruti Suzuki India Limited | 2.46% | 2.59% |
| Bharti Airtel Limited | 2.18% | 2.47% |
| ITC Limited | 2.18% | 2.56% |
| Kotak Mahindra Bank Limited | 6.30% | 2.15% |
| HDFC Life Insurance Company Limited | 2.06% | 1.99% |
| Infosys Limited | 3.52% | 1.61% |
| Oil & Natural Gas Corporation Limited | 2.09% | 1.40% |
| Larsen & Toubro Limited | 2.23% | 1.34% |
| Cipla Limited | 1.27% | 2.29% |
| Hero MotoCorp Limited | 1.23% | 2.30% |
| ICICI Lombard General Insurance Company Limited | 1.88% | 1.02% |
| NTPC Limited | 0.98% | 2.65% |
| Emami Limited | 0.91% | 1.25% |
| Jindal Steel Limited | 1.91% | 0.74% |
| Life Insurance Corporation Of India | 1.21% | 0.73% |
| Syngene International Limited | 0.40% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.0% means 37.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bandhan Value Fund
| Security | % of fund |
|---|---|
| Reliance Industries Limited | 6.40% |
| Tata Consultancy Services Limited | 4.09% |
| Mahindra & Mahindra Financial Services Limited | 2.06% |
| IDFC First Bank Limited | 1.89% |
| Dr. Reddy's Laboratories Limited | 1.85% |
Largest holdings only in DSP Value Fund
| Security | % of fund |
|---|---|
| Mahindra & Mahindra Limited | 3.29% |
| HDFC Asset Management Co Limited | 2.57% |
| Alkem Laboratories Limited | 2.43% |
| SBI Life Insurance Co Limited | 2.13% |
| State Bank of India | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Value | DSP Value |
|---|---|---|
| Equity | 93.4% | 89.3% |
| Debt | 0.5% | 0.0% |
| Cash and others | 6.1% | 10.7% |
Market cap of stocks
| Market cap | Bandhan Value | DSP Value |
|---|---|---|
| Large Cap | 59.8% | 62.0% |
| Mid Cap | 17.9% | 10.7% |
| Small Cap | 15.7% | 3.8% |
| Foreign stocks | 0.0% | 12.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bandhan Value | DSP Value |
|---|---|---|
| Banks | 23.9% | 24.3% |
| Automobiles | 3.7% | 8.8% |
| IT - Software | 7.6% | 3.3% |
| Insurance | 5.2% | 6.9% |
| Pharmaceuticals & Biotechnology | 4.8% | 6.7% |
| Petroleum Products | 6.4% | 1.4% |
| Finance | 6.3% | 1.1% |
| Telecom - Services | 2.2% | 4.4% |
| Power | 1.0% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Value vs DSP Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Value Fund | DSP Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.95% | 1.53% |
| Base expense ratio (Direct) | 0.62% | 0.98% |
| Total expense ratio (Regular) | 1.99% | 2.40% |
| Base expense ratio (Regular) | 1.51% | 1.72% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Bandhan Value Fund vs DSP Value Fund: Frequently Asked Questions
What is the difference between Bandhan Value Fund and DSP Value Fund?
Both are Value and Contra funds, run by Bandhan Mutual Fund and DSP Mutual Fund. Their portfolios overlap 37.0%. Bandhan Value Fund charges 0.95% a year and DSP Value Fund 1.53%.
Which has given higher returns, Bandhan Value Fund or DSP Value Fund?
Over 1 year: Bandhan Value Fund −5.59%, DSP Value Fund +0.33%. Over 3 years: Bandhan Value Fund +10.34% a year, DSP Value Fund +16.31% a year. Over 5 years: Bandhan Value Fund +11.62% a year, DSP Value Fund +12.31% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Value Fund or DSP Value Fund?
Bandhan Value Fund charges less: 0.95% a year against 1.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Value Fund and DSP Value Fund overlap?
37.0%. They hold 19 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Bandhan Value Fund or DSP Value Fund?
On SEBI's riskometer, Bandhan Value Fund is rated Very High and DSP Value Fund Very High. Over 3 years, the standard deviation of daily returns was 12.89% and 10.42% a year.
Which is better for SIP, Bandhan Value Fund or DSP Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,65,887 in Bandhan Value Fund (XIRR 8.9% a year) and ₹8,42,999 in DSP Value Fund (XIRR 12.7% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bandhan Value Fund and DSP Value Fund?
Yes. 37.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Value Fund and DSP Value Fund?
Bandhan Value Fund: Daylynn Pinto. DSP Value Fund: Abhishek Singh, Kaivalya Nadkarni.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.