DSP Value Fund vs NJ Value Fund
Direct Plan, Growth option · Data as on 29-10-2026
DSP Value Fund and NJ Value Fund are both Value and Contra funds. DSP Value Fund charges 1.53% a year and NJ Value Fund 1.60% (Direct plans). Their portfolios overlap 20.1%: they hold 18 of the same securities.
Which is better, DSP Value or NJ 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 costs less: 1.53% a year against 1.60% (Direct plans).
- DSP Value fell less in its worst fall since 03-08-2026: −7.1% against −10.7%.
- DSP Value holds 12.8% of the fund in foreign stocks; NJ Value 0.0%.
- DSP Value holds more in large companies: 62.0% of the fund in large caps against 40.9%.
- Their portfolios overlap 20.1%: 18 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 Value Fund | NJ Value Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | NJ Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹2,225 Cr (30-09-2026) | Not available |
| NAV | ₹23.73 (Direct) | ₹9.11 (Direct) |
| Expense ratio (Direct) | 1.53% | 1.60% |
| Expense ratio (Regular) | 2.40% | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 10-12-2020 | 30-07-2026 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Kaivalya Nadkarni | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Nil |
DSP Value vs NJ 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 Value Fund (Direct) | −0.43% | −4.38% | −1.65% | +0.33% | +16.31% | +12.31% | -- |
| NJ Value Fund (Direct) | −1.19% | -- | -- | -- | -- | -- | -- |
| Value and Contra average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
DSP Value vs NJ Value: Year-wise Returns
| Year | DSPDSP Value | NJNJ Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −0.94% | -- | −7.33% |
| 2025 | +12.40% | -- | +7.76% |
| 2024 | +21.81% | -- | +16.24% |
| 2023 | +30.91% | -- | +26.91% |
| 2022 | −1.80% | -- | +4.25% |
| 2021 | +31.97% | -- | +31.60% |
DSP Value vs NJ Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
DSP Value vs NJ Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Value Fund (Direct) | NJ Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.82% | −33.20% |
| Standard deviation | 10.33% | 11.23% |
| Sharpe ratio | 1.01 | -3.42 |
| Sortino ratio | 1.40 | -3.90 |
| Maximum drawdown | −16.4% (20-06-2022) | −10.7% (23-10-2026) |
| Beta | 0.63 | 0.94 |
| Alpha | +5.42% | −6.42% |
From daily NAVs, 11-12-2020 to 29-10-2026. 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 Value Fund (Direct)
NJ Value Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Value Fund (Direct) | −7.1% | 05-08-2026 | 08-10-2026 | Not yet | -- | −6.0% |
| NJ Value Fund (Direct) | −10.7% | 05-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 03-08-2026, the first day every fund has.
DSP Value vs NJ Value: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Value Fund, September 2026; NJ Value Fund, September 2026
Holdings in common
- Overlap
- 20.1%
- Held by both
- 18
- Only in DSP Value
- 29
- Only in NJ Value
- 57
| Security | % of DSP Value | % of NJ Value |
|---|---|---|
| Hero MotoCorp Limited | 2.30% | 1.39% |
| Oberoi Realty Limited | 1.43% | 1.38% |
| Larsen & Toubro Limited | 1.34% | 1.37% |
| ITC Limited | 2.56% | 1.34% |
| Oil & Natural Gas Corporation Limited | 1.40% | 1.33% |
| NTPC Limited | 2.65% | 1.33% |
| Power Grid Corporation of India Limited | 1.55% | 1.31% |
| Cipla Limited | 2.29% | 1.31% |
| Alkem Laboratories Limited | 2.43% | 1.29% |
| Bharti Airtel Limited | 2.47% | 1.28% |
| Infosys Limited | 1.61% | 1.26% |
| HDFC Asset Management Co Limited | 2.57% | 1.23% |
| Maruti Suzuki India Limited | 2.59% | 1.20% |
| Coromandel International Limited | 0.90% | 1.21% |
| Sun Pharmaceutical Industries Limited | 0.84% | 1.31% |
| Oil India Limited | 0.64% | 1.40% |
| Hindustan Petroleum Corporation Limited | 0.59% | 1.29% |
| Syngene International Limited | 0.18% | 1.36% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.1% means 20.1% 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 Value Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 9.45% |
| ICICI Bank Limited | 8.22% |
| Mahindra & Mahindra Limited | 3.29% |
| Axis Bank Limited | 2.48% |
| Kotak Mahindra Bank Limited | 2.15% |
Largest holdings only in NJ Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 1.81% |
| The Great Eastern Shipping Company Limited | 1.66% |
| Bosch Limited | 1.64% |
| Samvardhana Motherson International Limited | 1.55% |
| Jubilant Foodworks Limited | 1.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Value | NJ Value |
|---|---|---|
| Equity | 89.3% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 10.7% | 0.6% |
Market cap of stocks
| Market cap | DSP Value | NJ Value |
|---|---|---|
| Large Cap | 62.0% | 40.9% |
| Mid Cap | 10.7% | 34.3% |
| Small Cap | 3.8% | 24.1% |
| Foreign stocks | 12.8% | 0.0% |
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 Value | NJ Value |
|---|---|---|
| Banks | 24.3% | 12.2% |
| Automobiles | 8.8% | 4.0% |
| IT - Software | 3.3% | 8.7% |
| Finance | 1.1% | 8.6% |
| Auto Components | 0.8% | 8.3% |
| Pharmaceuticals & Biotechnology | 6.7% | 7.9% |
| Insurance | 6.9% | 0.0% |
| Telecom - Services | 4.4% | 1.3% |
| Power | 4.2% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Value vs NJ Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Value Fund | NJ Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 1.60% |
| Base expense ratio (Direct) | 0.98% | 0.58% |
| Total expense ratio (Regular) | 2.40% | 3.39% |
| Base expense ratio (Regular) | 1.72% | 2.10% |
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
DSP Value Fund vs NJ Value Fund: Frequently Asked Questions
What is the difference between DSP Value Fund and NJ Value Fund?
Both are Value and Contra funds, run by DSP Mutual Fund and NJ Mutual Fund. Their portfolios overlap 20.1%. DSP Value Fund charges 1.53% a year and NJ Value Fund 1.60%.
Which has the lower expense ratio, DSP Value Fund or NJ Value Fund?
DSP Value Fund charges less: 1.53% a year against 1.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Value Fund and NJ Value Fund overlap?
20.1%. They hold 18 of the same securities, the largest shared ones being HEROMOTOCO, OBEROIRLTY, LT. From each fund's latest monthly portfolio.
Which is riskier, DSP Value Fund or NJ Value Fund?
On SEBI's riskometer, DSP Value Fund is rated Very High and NJ Value Fund Very High. Over their common history, the standard deviation of daily returns was 10.33% and 11.23% a year.
Can I invest in both DSP Value Fund and NJ Value Fund?
Yes. 20.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages DSP Value Fund and NJ Value Fund?
DSP Value Fund: Abhishek Singh, Kaivalya Nadkarni. NJ Value Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.