DSP Large Cap Fund vs Tata Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
DSP Large Cap Fund is a Large Cap fund and Tata Value Fund is a Value and Contra fund. In the 3 years to 30-10-2026, DSP Large Cap Fund (Direct) returned 10.9% a year and Tata Value Fund (Direct) returned 11.5% a year. DSP Large Cap Fund charges 1.18% a year and Tata Value Fund 1.06% (Direct plans). Their portfolios overlap 31.0%: they hold 13 of the same securities.
Which is better, DSP Large Cap or Tata Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Value returned more over 5 years: 11.5% a year against 9.1%.
- Tata Value returned more over 3 years: 11.5% a year against 10.9%.
- Tata Value costs less: 1.06% a year against 1.18% (Direct plans).
- DSP Large Cap swung less over 3 years: a standard deviation of 12.2% a year against 15.4%.
- Tata Value fell less in its worst fall since 02-01-2013: −37.9% against −40.3%.
- DSP Large Cap holds more in large companies: 90.3% of the fund in large caps against 65.2%.
- Tata Value is the larger fund: ₹8,239 Cr against ₹6,642 Cr.
- Their portfolios overlap 31.0%: 13 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 | DSP Large Cap Fund | Tata Value Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | Tata Mutual Fund |
| Category | Large Cap | Value and Contra |
| AUM | ₹6,642 Cr (30-09-2026) | ₹8,239 Cr (30-09-2026) |
| NAV | ₹484.71 (Direct) | ₹375.88 (Direct) |
| Expense ratio (Direct) | 1.18% | 1.06% |
| Expense ratio (Regular) | 2.07% | 1.99% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 500 TRI |
| Launch date | 10-03-2003 | 29-06-2004 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Anish Tawakley | Sonam Udasi |
| Exit load | Exit load of 1% if redeemed less than 12 months | Exit load of 0.50%, if redeemed within 30 days. |
DSP Large Cap vs Tata 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 |
|---|---|---|---|---|---|---|---|
| DSP Large Cap Fund (Direct) | +1.48% | −4.89% | −2.57% | −8.56% | +10.95% | +9.10% | +10.38% |
| Tata Value Fund (Direct) | −2.72% | −5.29% | −3.70% | −7.07% | +11.48% | +11.54% | +13.19% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 35 Large Cap funds and the 30 Value and Contra funds, same plan type.
DSP Large Cap vs Tata Value: Year-wise Returns
| Year | DSP Large CapDSP Large Cap | Tata ValueTata Value |
|---|---|---|
| 2026to date | −9.39% | −8.69% |
| 2025 | +9.40% | +4.74% |
| 2024 | +21.50% | +22.90% |
| 2023 | +27.60% | +38.33% |
| 2022 | +2.24% | +7.04% |
| 2021 | +20.45% | +29.39% |
DSP Large Cap vs Tata Value: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of DSP Large Cap Fund
Rolling returns
Every 3-year holding period, 2,668 of them, one for each trading day from 04-01-2016 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.
DSP Large Cap Fund (Direct)
Tata Value Fund (Direct)
Nifty 100 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DSP Large Cap | 2.5 | 4.6 | 21.6 | 32.4 | 31.2 | 7.4 | 0.3 | 12.8% | 12.6% | −7.4% | 28.1% | 34% |
| Tata Value | 2.4 | 5.4 | 7.5 | 13.0 | 31.3 | 22.5 | 17.9 | 17.9% | 18.5% | −7.3% | 37.4% | 73% |
| Nifty 100 TRI | 0.9 | 3.7 | 11.1 | 47.2 | 30.6 | 5.1 | 1.3 | 13.6% | 13.8% | −5.0% | 31.4% | -- |
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 Nifty 100 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 02-01-2013. Past returns do not promise future returns.
DSP Large Cap vs Tata 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP Large CapDSP Large Cap Fund (Direct) | ₹16,60,000 | ₹37,64,683 | ₹21,04,683 | 11.1% |
| Tata ValueTata Value Fund (Direct) | ₹16,60,000 | ₹49,65,183 | ₹33,05,183 | 14.7% |
DSP Large CapDSP Large Cap Fund (Direct)
Tata ValueTata 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.
DSP Large Cap vs Tata Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Large Cap Fund (Direct) | Tata Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.56% | −7.07% |
| Standard deviation | 12.79% | 14.58% |
| Sharpe ratio | -1.08 | -0.85 |
| Sortino ratio | -1.45 | -1.11 |
| Maximum drawdown | −13.3% (31-03-2026) | −13.1% (31-03-2026) |
| Beta | 0.89 | 0.97 |
| Alpha | −1.34% | −0.06% |
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 | DSP Large Cap Fund (Direct) | Tata Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.95% | +11.48% |
| Standard deviation | 12.19% | 15.42% |
| Sharpe ratio | 0.40 | 0.35 |
| Sortino ratio | 0.57 | 0.47 |
| Maximum drawdown | −13.3% (31-03-2026) | −20.9% (03-03-2025) |
| Beta | 0.86 | 1.03 |
| Alpha | +2.30% | +1.15% |
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 | DSP Large Cap Fund (Direct) | Tata Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.10% | +11.54% |
| Standard deviation | 12.66% | 14.73% |
| Sharpe ratio | 0.26 | 0.39 |
| Sortino ratio | 0.36 | 0.52 |
| Maximum drawdown | −18.7% (17-06-2022) | −20.9% (03-03-2025) |
| Beta | 0.87 | 0.98 |
| Alpha | +2.07% | +2.78% |
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 | DSP Large Cap Fund (Direct) | Tata Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.06% | +15.55% |
| Standard deviation | 16.29% | 16.13% |
| Sharpe ratio | 0.31 | 0.59 |
| Sortino ratio | 0.42 | 0.79 |
| Maximum drawdown | −40.3% (23-03-2020) | −37.9% (23-03-2020) |
| Beta | 0.99 | 0.97 |
| Alpha | −0.84% | +2.97% |
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.
DSP Large Cap Fund (Direct)
Tata Value Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Large Cap Fund (Direct) | −40.3% | 12-02-2020 | 23-03-2020 | 03-12-2020 | 8 months | −9.8% |
| Tata Value Fund (Direct) | −37.9% | 27-08-2018 | 23-03-2020 | 06-11-2020 | 7 months | −11.9% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 02-01-2013, 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.
DSP Large Cap Fund (Direct)
Tata Value Fund (Direct)
Nifty 100 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.
DSP Large Cap Fund (Direct)
Tata Value Fund (Direct)
Nifty 100 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.
DSP Large Cap Fund (Direct)
Tata Value Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Large Cap Fund (Direct) | 99% | 102% | 4.79% |
| Tata Value Fund (Direct) | 110% | 94% | 6.58% |
From month-end values since 02-01-2013. 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.
DSP Large Cap vs Tata Value: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Large Cap Fund, September 2026; Tata Value Fund, September 2026
Holdings in common
- Overlap
- 31.0%
- Held by both
- 13
- Only in DSP Large Cap
- 28
- Only in Tata Value
- 24
| Security | % of DSP Large Cap | % of Tata Value |
|---|---|---|
| ICICI Bank Limited | 9.72% | 9.10% |
| ITC Limited | 3.97% | 3.44% |
| NTPC Limited | 3.08% | 3.53% |
| HDFC Bank Limited | 10.08% | 2.53% |
| Kotak Mahindra Bank Limited | 2.50% | 4.42% |
| Hero MotoCorp Limited | 2.12% | 3.63% |
| Hindustan Aeronautics Limited | 1.63% | 1.78% |
| Infosys Limited | 3.99% | 1.42% |
| Petronet LNG Limited | 1.39% | 1.46% |
| Power Grid Corporation of India Limited | 1.18% | 2.30% |
| Bharat Petroleum Corporation Limited | 1.07% | 4.11% |
| Life Insurance Corporation Of India | 1.05% | 2.03% |
| Indus Towers Limited | 0.48% | 4.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 31.0% means 31.0% 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 DSP Large Cap Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 6.04% |
| Axis Bank Limited | 5.91% |
| Mahindra & Mahindra Limited | 4.84% |
| Larsen & Toubro Limited | 4.74% |
| Reliance Industries Limited | 4.06% |
Largest holdings only in Tata Value Fund
| Security | % of fund |
|---|---|
| SHRIRAM FINANCE LTD | 6.01% |
| COAL INDIA LTD | 5.41% |
| MOTILAL OSWAL FINANCIAL SERVICE LTD | 5.31% |
| MUTHOOT FINANCE LTD | 4.34% |
| HINDUSTAN ZINC LTD | 4.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Large Cap | Tata Value |
|---|---|---|
| Equity | 98.0% | 94.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.0% | 5.4% |
Market cap of stocks
| Market cap | DSP Large Cap | Tata Value |
|---|---|---|
| Large Cap | 90.3% | 65.2% |
| Mid Cap | 7.7% | 20.3% |
| Small Cap | 0.0% | 9.1% |
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 | DSP Large Cap | Tata Value |
|---|---|---|
| Banks | 29.3% | 18.0% |
| Automobiles | 11.1% | 3.6% |
| Finance | 0.0% | 10.3% |
| Insurance | 7.1% | 2.0% |
| Power | 4.3% | 7.0% |
| Telecom - Services | 6.5% | 4.5% |
| Petroleum Products | 5.8% | 4.1% |
| Consumable Fuels | 0.0% | 5.4% |
| Capital Markets | 0.0% | 5.3% |
| Construction | 4.7% | 1.5% |
| Retailing | 1.5% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Large Cap vs Tata Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Large Cap Fund | Tata Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 1.06% |
| Base expense ratio (Direct) | 0.79% | 0.70% |
| Total expense ratio (Regular) | 2.07% | 1.99% |
| Base expense ratio (Regular) | 1.55% | 1.52% |
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
Compare DSP Large Cap with
DSP Large Cap Fund vs Tata Value Fund: Frequently Asked Questions
What is the difference between DSP Large Cap Fund and Tata Value Fund?
DSP Large Cap Fund is a Large Cap fund, Tata Value Fund is a Value and Contra fund, run by DSP Mutual Fund and Tata Mutual Fund. Their portfolios overlap 31.0%. DSP Large Cap Fund charges 1.18% a year and Tata Value Fund 1.06%.
Which has given higher returns, DSP Large Cap Fund or Tata Value Fund?
Over 1 year: DSP Large Cap Fund −8.56%, Tata Value Fund −7.07%. Over 3 years: DSP Large Cap Fund +10.95% a year, Tata Value Fund +11.48% a year. Over 5 years: DSP Large Cap Fund +9.10% a year, Tata Value Fund +11.54% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Large Cap Fund or Tata Value Fund?
Tata Value Fund charges less: 1.06% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Large Cap Fund and Tata Value Fund overlap?
31.0%. They hold 13 of the same securities, the largest shared ones being ICICIBANK, ITC, NTPC. From each fund's latest monthly portfolio.
Which is riskier, DSP Large Cap Fund or Tata Value Fund?
On SEBI's riskometer, DSP Large Cap Fund is rated Very High and Tata Value Fund Very High. Over 3 years, the standard deviation of daily returns was 12.19% and 15.42% a year.
Which is better for SIP, DSP Large Cap Fund or Tata Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,52,112 in DSP Large Cap Fund (XIRR 8.2% a year) and ₹7,77,314 in Tata Value Fund (XIRR 9.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Large Cap Fund and Tata Value Fund?
Yes. 31.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Large Cap Fund and Tata Value Fund?
DSP Large Cap Fund: Anish Tawakley. Tata Value Fund: Sonam Udasi.
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.