DSP Value Fund vs UTI Value Fund
Direct Plan, Growth option · Data as on 29-10-2026
DSP Value Fund and UTI Value Fund are both Value and Contra funds. In the 3 years to 30-10-2026, DSP Value Fund (Direct) returned 16.3% a year and UTI Value Fund (Direct) returned 11.7% a year. DSP Value Fund charges 1.53% a year and UTI Value Fund 1.35% (Direct plans). Their portfolios overlap 42.8%: they hold 21 of the same securities.
Which is better, DSP Value or UTI 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 9.9%.
- DSP Value returned more over 3 years: 16.3% a year against 11.7%.
- UTI Value costs less: 1.35% a year against 1.53% (Direct plans).
- DSP Value swung less over 3 years: a standard deviation of 10.4% a year against 13.3%.
- DSP Value fell less in its worst fall since 11-12-2020: −16.4% against −17.3%.
- DSP Value holds 12.8% of the fund in foreign stocks; UTI Value 0.0%.
- UTI Value is the larger fund: ₹9,025 Cr against ₹2,225 Cr.
- Their portfolios overlap 42.8%: 21 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 | UTI Value Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | UTI Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹2,225 Cr (30-09-2026) | ₹9,025 Cr (30-09-2026) |
| NAV | ₹23.73 (Direct) | ₹173.12 (Direct) |
| Expense ratio (Direct) | 1.53% | 1.35% |
| Expense ratio (Regular) | 2.40% | 1.87% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 10-12-2020 | 20-07-2005 |
| Minimum investment | ₹100 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Abhishek Singh, Kaivalya Nadkarni | Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
DSP Value vs UTI 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% | -- |
| UTI Value Fund (Direct) | −0.22% | −6.08% | −3.22% | −9.06% | +11.71% | +9.95% | +12.87% |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | +11.08% | +12.63% |
Category average: the average of the 30 Value and Contra funds, same plan type.
DSP Value vs UTI Value: Year-wise Returns
| Year | DSPDSP Value | UTIUTI Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −0.94% | −9.69% | −7.33% |
| 2025 | +12.40% | +7.71% | +7.76% |
| 2024 | +21.81% | +24.28% | +16.24% |
| 2023 | +30.91% | +27.63% | +26.91% |
| 2022 | −1.80% | +5.04% | +4.25% |
| 2021 | +31.97% | +31.35% | +31.60% |
DSP Value vs UTI Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 639 of them, one for each trading day from 11-12-2023 to 29-10-2026: 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 Value Fund (Direct)
UTI Value Fund (Direct)
Nifty 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| UTI Value | 0.0 | 0.0 | 0.0 | 11.8 | 58.5 | 29.1 | 0.6 | 18.6% | 19.0% | 10.2% | 25.4% | 90% |
| Nifty 500 TRI | 0.0 | 0.0 | 3.0 | 26.4 | 58.7 | 11.9 | 0.0 | 16.4% | 16.5% | 8.8% | 22.3% | -- |
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 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.
DSP Value vs UTI 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 11-12-2020 to 29-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| DSP ValueDSP Value Fund (Direct) | ₹7,10,000 | ₹10,50,424 | ₹3,40,424 | 13.2% |
| UTI ValueUTI Value Fund (Direct) | ₹7,10,000 | ₹9,52,317 | ₹2,42,317 | 9.8% |
DSP ValueDSP Value Fund (Direct)
UTI ValueUTI 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 Value vs UTI 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) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.33% | −9.06% |
| Standard deviation | 10.12% | 13.51% |
| Sharpe ratio | -0.48 | -1.06 |
| Sortino ratio | -0.66 | -1.40 |
| Maximum drawdown | −8.3% (23-03-2026) | −15.3% (31-03-2026) |
| Beta | 0.66 | 0.92 |
| Alpha | +3.56% | −2.77% |
From daily NAVs, 29-10-2025 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.
| Measure | DSP Value Fund (Direct) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.31% | +11.71% |
| Standard deviation | 10.42% | 13.31% |
| Sharpe ratio | 0.99 | 0.43 |
| Sortino ratio | 1.36 | 0.59 |
| Maximum drawdown | −13.7% (07-04-2025) | −17.2% (07-04-2025) |
| Beta | 0.68 | 0.91 |
| Alpha | +7.28% | +1.86% |
From daily NAVs, 27-10-2023 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.
| Measure | DSP Value Fund (Direct) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.31% | +9.95% |
| Standard deviation | 10.48% | 13.42% |
| Sharpe ratio | 0.62 | 0.31 |
| Sortino ratio | 0.85 | 0.42 |
| Maximum drawdown | −16.4% (20-06-2022) | −17.3% (17-06-2022) |
| Beta | 0.66 | 0.91 |
| Alpha | +4.49% | +1.40% |
From daily NAVs, 29-10-2021 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.
| Measure | DSP Value Fund (Direct) | UTI Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.82% | +12.86% |
| Standard deviation | 10.33% | 15.09% |
| Sharpe ratio | 1.01 | 0.45 |
| Sortino ratio | 1.40 | 0.61 |
| Maximum drawdown | −16.4% (20-06-2022) | −36.7% (23-03-2020) |
| Beta | 0.63 | 0.93 |
| Alpha | +5.42% | +0.53% |
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)
UTI 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) | −16.4% | 17-01-2022 | 20-06-2022 | 02-12-2022 | 5 months | −6.0% |
| UTI Value Fund (Direct) | −17.3% | 17-01-2022 | 17-06-2022 | 12-09-2022 | 3 months | −10.7% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
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.
DSP Value Fund (Direct)
UTI Value Fund (Direct)
Nifty 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.
DSP Value Fund (Direct)
UTI Value Fund (Direct)
Nifty 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.
DSP Value Fund (Direct)
UTI Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| DSP Value Fund (Direct) | 84% | 56% | 7.41% |
| UTI Value Fund (Direct) | 95% | 85% | 3.62% |
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.
DSP Value vs UTI Value: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Value Fund, September 2026; UTI Value Fund, September 2026
Holdings in common
- Overlap
- 42.8%
- Held by both
- 21
- Only in DSP Value
- 26
- Only in UTI Value
- 43
| Security | % of DSP Value | % of UTI Value |
|---|---|---|
| HDFC Bank Limited | 9.45% | 7.97% |
| ICICI Bank Limited | 8.22% | 6.26% |
| Mahindra & Mahindra Limited | 3.29% | 2.99% |
| Axis Bank Limited | 2.48% | 3.94% |
| Bharti Airtel Limited | 2.47% | 4.23% |
| Kotak Mahindra Bank Limited | 2.15% | 4.16% |
| State Bank of India | 2.02% | 3.30% |
| Maruti Suzuki India Limited | 2.59% | 1.86% |
| Cipla Limited | 2.29% | 1.72% |
| Infosys Limited | 1.61% | 3.19% |
| Power Grid Corporation of India Limited | 1.55% | 1.88% |
| Larsen & Toubro Limited | 1.34% | 1.41% |
| HDFC Life Insurance Co Limited | 1.99% | 1.16% |
| NTPC Limited | 2.65% | 1.07% |
| Bharat Electronics Limited | 1.05% | 1.08% |
| ITC Limited | 2.56% | 1.02% |
| Oil & Natural Gas Corporation Limited | 1.40% | 1.00% |
| Hero MotoCorp Limited | 2.30% | 0.85% |
| Sun Pharmaceutical Industries Limited | 0.84% | 1.41% |
| Emami Limited | 1.25% | 0.79% |
| Tata Motors Passenger Vehicles Limited | 0.59% | 0.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.8% means 42.8% 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 Asset Management Co Limited | 2.57% |
| Alkem Laboratories Limited | 2.43% |
| SBI Life Insurance Co Limited | 2.13% |
| Indus Towers Limited | 1.90% |
| Oberoi Realty Limited | 1.43% |
Largest holdings only in UTI Value Fund
| Security | % of fund |
|---|---|
| EQ - TECH MAHINDRA LTD. | 2.58% |
| EQ - RELIANCE INDUSTRIES LTD. | 2.50% |
| EQ - PHOENIX MILLS LTD | 1.82% |
| EQ - INDUSIND BANK | 1.72% |
| EQ - TATA STEEL LTD. | 1.63% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Value | UTI Value |
|---|---|---|
| Equity | 89.3% | 99.3% |
| Debt | 0.0% | 0.3% |
| Cash and others | 10.7% | 0.4% |
Market cap of stocks
| Market cap | DSP Value | UTI Value |
|---|---|---|
| Large Cap | 62.0% | 65.6% |
| Mid Cap | 10.7% | 18.3% |
| Small Cap | 3.8% | 15.5% |
| 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 | UTI Value |
|---|---|---|
| Banks | 24.3% | 28.1% |
| Automobiles | 8.8% | 8.0% |
| IT - Software | 3.3% | 8.3% |
| Insurance | 6.9% | 1.2% |
| Pharmaceuticals & Biotechnology | 6.7% | 6.6% |
| Realty | 1.4% | 4.5% |
| Telecom - Services | 4.4% | 4.2% |
| Power | 4.2% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Value vs UTI Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Value Fund | UTI Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.53% | 1.35% |
| Base expense ratio (Direct) | 0.98% | 1.05% |
| Total expense ratio (Regular) | 2.40% | 1.87% |
| Base expense ratio (Regular) | 1.72% | 1.51% |
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 UTI Value Fund: Frequently Asked Questions
What is the difference between DSP Value Fund and UTI Value Fund?
Both are Value and Contra funds, run by DSP Mutual Fund and UTI Mutual Fund. Their portfolios overlap 42.8%. DSP Value Fund charges 1.53% a year and UTI Value Fund 1.35%.
Which has given higher returns, DSP Value Fund or UTI Value Fund?
Over 1 year: DSP Value Fund +0.33%, UTI Value Fund −9.06%. Over 3 years: DSP Value Fund +16.31% a year, UTI Value Fund +11.71% a year. Over 5 years: DSP Value Fund +12.31% a year, UTI Value Fund +9.95% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, DSP Value Fund or UTI Value Fund?
UTI Value Fund charges less: 1.35% a year against 1.53%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Value Fund and UTI Value Fund overlap?
42.8%. They hold 21 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, M&M. From each fund's latest monthly portfolio.
Which is riskier, DSP Value Fund or UTI Value Fund?
On SEBI's riskometer, DSP Value Fund is rated Very High and UTI Value Fund Very High. Over 3 years, the standard deviation of daily returns was 10.42% and 13.31% a year.
Which is better for SIP, DSP Value Fund or UTI Value Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹8,42,999 in DSP Value Fund (XIRR 12.7% a year) and ₹7,59,479 in UTI Value Fund (XIRR 8.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both DSP Value Fund and UTI Value Fund?
Yes. 42.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages DSP Value Fund and UTI Value Fund?
DSP Value Fund: Abhishek Singh, Kaivalya Nadkarni. UTI Value Fund: Amit Premchandani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.