HDFC Value Fund vs NJ Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
HDFC Value Fund and NJ Value Fund are both Value and Contra funds. HDFC Value Fund charges 1.11% a year and NJ Value Fund 1.60% (Direct plans). Their portfolios overlap 19.1%: they hold 17 of the same securities.
Which is better, HDFC 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.
- HDFC Value costs less: 1.11% a year against 1.60% (Direct plans).
- HDFC Value fell less in its worst fall since 03-08-2026: −7.9% against −10.7%.
- HDFC Value holds more in large companies: 56.6% of the fund in large caps against 40.9%.
- Their portfolios overlap 19.1%: 17 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 | HDFC Value Fund | NJ Value Fund |
|---|---|---|
| Fund house | HDFC Mutual Fund | NJ Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹8,039 Cr (30-09-2026) | Not available |
| NAV | ₹848.85 (Direct) | ₹9.11 (Direct) |
| Expense ratio (Direct) | 1.11% | 1.60% |
| Expense ratio (Regular) | 1.88% | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 01-02-1994 | 30-07-2026 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Anand Laddha, Gopal Agrawal, Bhagyesh Kagalkar | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | In respect of each purchase / switch-in of units, an Exit Load of 0.25% is payable if Units are redeemed/ switched-out within 1 month from the date of allotment. No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment. | Nil |
HDFC 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 |
|---|---|---|---|---|---|---|---|
| HDFC Value Fund (Direct) | −1.58% | −4.12% | +1.58% | −1.48% | +15.13% | +12.33% | +13.72% |
| 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.
HDFC Value vs NJ Value: Year-wise Returns
| Year | HDFCHDFC Value | NJNJ Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −1.84% | -- | −7.51% |
| 2025 | +9.51% | -- | +7.76% |
| 2024 | +21.73% | -- | +16.24% |
| 2023 | +30.73% | -- | +26.91% |
| 2022 | +4.58% | -- | +4.25% |
| 2021 | +36.87% | -- | +31.60% |
HDFC Value vs NJ Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
HDFC Value vs NJ Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | HDFC Value Fund (Direct) | NJ Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.36% | −33.20% |
| Standard deviation | 15.62% | 11.23% |
| Sharpe ratio | 0.60 | -3.42 |
| Sortino ratio | 0.80 | -3.90 |
| Maximum drawdown | −43.9% (23-03-2020) | −10.7% (23-10-2026) |
| Beta | 0.96 | 0.94 |
| Alpha | +2.76% | −6.42% |
From daily NAVs, 01-01-2013 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.
HDFC 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 |
|---|---|---|---|---|---|---|
| HDFC Value Fund (Direct) | −7.9% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.2% |
| 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.
HDFC Value vs NJ Value: Portfolio Overlap
From each fund's latest monthly portfolio: HDFC Value Fund, September 2026; NJ Value Fund, September 2026
Holdings in common
- Overlap
- 19.1%
- Held by both
- 17
- Only in HDFC Value
- 63
- Only in NJ Value
- 58
| Security | % of HDFC Value | % of NJ Value |
|---|---|---|
| Bosch Limited | 1.70% | 1.64% |
| Larsen and Toubro Ltd. | 2.46% | 1.37% |
| NTPC Limited | 2.01% | 1.33% |
| HCL Technologies Ltd. | 1.38% | 1.31% |
| Sun Pharmaceutical Industries Ltd. | 2.20% | 1.31% |
| Reliance Industries Ltd. | 1.85% | 1.30% |
| Bharti Airtel Ltd. | 2.84% | 1.28% |
| Infosys Limited | 1.98% | 1.26% |
| Maruti Suzuki India Limited | 1.61% | 1.20% |
| Lupin Ltd. | 1.20% | 1.20% |
| Bajaj Auto Limited | 1.15% | 1.35% |
| Karur Vysya Bank Ltd. | 1.05% | 1.33% |
| Hindustan Unilever Ltd. | 0.94% | 1.28% |
| Alkem Laboratories Ltd. | 0.90% | 1.29% |
| Mahindra & Mahindra Financial Services Ltd. | 0.78% | 1.19% |
| Hindustan Petroleum Corp. Ltd. | 0.64% | 1.29% |
| Zensar Technologies Ltd. | 0.48% | 1.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.1% means 19.1% 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 HDFC Value Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 6.17% |
| HDFC Bank Ltd. | 4.56% |
| Axis Bank Ltd. | 3.20% |
| State Bank of India | 3.16% |
| Au Small Finance Bank Ltd. | 2.19% |
Largest holdings only in NJ Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 1.81% |
| The Great Eastern Shipping Company Limited | 1.66% |
| Samvardhana Motherson International Limited | 1.55% |
| Jubilant Foodworks Limited | 1.49% |
| Zydus Lifesciences Limited | 1.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | HDFC Value | NJ Value |
|---|---|---|
| Equity | 98.5% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.5% | 0.6% |
Market cap of stocks
| Market cap | HDFC Value | NJ Value |
|---|---|---|
| Large Cap | 56.6% | 40.9% |
| Mid Cap | 22.7% | 34.3% |
| Small Cap | 18.2% | 24.1% |
| Not on AMFI's list | 1.0% | 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 | HDFC Value | NJ Value |
|---|---|---|
| Banks | 21.9% | 12.2% |
| IT - Software | 6.0% | 8.7% |
| Finance | 5.7% | 8.6% |
| Auto Components | 4.7% | 8.3% |
| Pharmaceuticals & Biotechnology | 6.9% | 7.9% |
| Automobiles | 5.0% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
HDFC Value vs NJ Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | HDFC Value Fund | NJ Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.11% | 1.60% |
| Base expense ratio (Direct) | 0.87% | 0.58% |
| Total expense ratio (Regular) | 1.88% | 3.39% |
| Base expense ratio (Regular) | 1.53% | 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
HDFC Value Fund vs NJ Value Fund: Frequently Asked Questions
What is the difference between HDFC Value Fund and NJ Value Fund?
Both are Value and Contra funds, run by HDFC Mutual Fund and NJ Mutual Fund. Their portfolios overlap 19.1%. HDFC Value Fund charges 1.11% a year and NJ Value Fund 1.60%.
Which has the lower expense ratio, HDFC Value Fund or NJ Value Fund?
HDFC Value Fund charges less: 1.11% a year against 1.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do HDFC Value Fund and NJ Value Fund overlap?
19.1%. They hold 17 of the same securities, the largest shared ones being BOSCHLTD, LT, NTPC. From each fund's latest monthly portfolio.
Which is riskier, HDFC Value Fund or NJ Value Fund?
On SEBI's riskometer, HDFC Value Fund is rated Very High and NJ Value Fund Very High. Over their common history, the standard deviation of daily returns was 15.62% and 11.23% a year.
Can I invest in both HDFC Value Fund and NJ Value Fund?
Yes. 19.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages HDFC Value Fund and NJ Value Fund?
HDFC Value Fund: Anand Laddha, Gopal Agrawal, Bhagyesh Kagalkar. 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.