Fundalysisby DARKHORSESTOCKS

Scheme

DSP Value Fund

Holds 61 companies worth ₹1,922 Cr in Sept 2026.

  • Fund house

    DSPThe fund house that runs this scheme.

  • AUM

    ₹2,143 CrDSP Value Fund's AUM at the end of 31 Jul 2026, as AMFI reports it. Down 59.1% on Jun 2026, ₹5,237 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 9.4% of this scheme's NAV.

  • Fund manager

    Kaivalya NadkarniRuns it since 1 Oct 2024, as the fund house dates it. With Abhishek Singh (fund manager).

Overview(7 Oct 2026)

Fund managers2

  1. Kaivalya NadkarniFund manager, equity · Oct 2024 · 6y · CA B.Com
  2. Abhishek SinghFund manager, equity · May 2026 · 17y · PGDM B.Tech
  1. Aparna KarnikMay 2022 – May 2026
  2. Prateek NigudkarMay 2022 – Aug 2024

Key facts

Benchmark
Nifty 500 TRI
Risk
Very High
Expense
Regular 2.4% · Direct 1.53%
Exit load
10% within 1 month
Started
10 Dec 2020
Minimum
₹100

Source.Its Scheme Summary Document as of 7 Oct 2026 at AMFI.

What changed(48 changes)

Oct 2026

3 changes
  2. Category
    6 OctValue Fund/Contra Fund → Value Fund

Sept 2026

2 changes
  1. Expense ratio
    10 SeptDirect 1.56% → 1.55%
  2. Exit load
    4 Sept1% - Holding period from the date of allotment <= 12 months, Nil - Holding period from the date of allotment > 12 months (as a % of Applicable NAV) → 10% within 1 month

Aug 2026

2 changes

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2022 – now)

  1. Kaivalya Nadkarni
  2. Abhishek Singh
  3. Aparna Karnik
  4. Prateek Nigudkar
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
43 changesRegularDirectΔ pt
6 Oct 20262.40%1.53%0.01
1 Oct 20262.41%1.54%0.01
10 Sept 20262.41%1.55%0.01
31 Aug 20262.41%1.56%0.05
12 Aug 20262.46%1.61%0.06
28 Jul 20262.52%1.67%0
17 Jul 20262.51%1.67%0.01
6 Jul 20262.52%1.68%0.01
1 Jul 20262.52%1.69%0.48
18 Jun 20262.06%1.21%0.20
16 Jun 20262.24%1.41%0.39
15 Jun 20262.63%1.80%0.36
12 Jun 20263.00%2.16%0.53
10 Jun 20262.46%1.63%0.28
4 Jun 20262.74%1.91%0.89
26 May 20261.85%1.02%1.00
20 May 20262.85%2.02%3.73
19 May 20266.58%5.75%4.80
13 May 20261.77%0.95%0.01
6 May 20261.77%0.94%0.14
5 May 20261.91%1.08%0.06
29 Apr 20261.85%1.02%0.09
28 Apr 20261.94%1.11%0.09
26 Apr 20262.03%1.20%0.93
23 Apr 20262.96%2.13%0.56
20 Apr 20262.40%1.57%0.60
19 Apr 20261.80%0.97%0.31
15 Apr 20262.10%1.28%0.34
14 Apr 20261.77%0.94%0.20
9 Apr 20261.97%1.14%0.19
6 Apr 20261.78%0.95%0.01
4 Mar 20261.82%0.96%0.01
2 Feb 20261.78%0.95%0
2 Dec 20251.77%0.95%0
29 Sept 20251.76%0.95%0.02
11 Sept 20251.74%0.93%0.01
8 Aug 20251.75%0.94%0
9 Jul 20251.74%0.94%0
30 May 20251.73%0.94%0
27 Mar 20251.71%0.94%0
17 Mar 20251.72%0.94%0.01
1 Jan 20251.71%0.93%0
21 Aug 20241.70%0.93%–
Direct plan, 6 Oct 2026
1.53%
Regular plan 2.40% · Exit load 10% within 1 month
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(7 Oct 2026)

Objective

The primary investment objective of the scheme is to seek to generate consistent returns by investing in equity and equity related securities which are currently undervalued. However, there is no assurance that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended equity scheme following a value investment strategy
Benchmark
Nifty 500 TRI

Asset allocation it may hold% of NAV

  1. 1. Equity & Equity related Instruments following value strategy
    Allowed80–100%Holds86.4%
  2. 2. Other Equity & Equity related Instruments / Money Market Instruments / InvITs/ Gold ETFs / Silver ETFs / Other Liquid Instruments / Units of Domestic Mutual Funds
    Allowed0–20%

Holds in Sept 2026.86.4% equity · 13.6% debt and cash

How to invest(7 Oct 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Systematic
SIP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly SWP Weekly, Monthly, Quarterly, Half-Yearly and Yearly STP Daily, Weekly, Monthly, Quarterly, Half-Yearly and Yearly *Weekly Monday to Friday
Dates
Any date
Minimum
₹100, then in multiples of ₹1
Instalments
SIP - 12, SWP & STP - 6

Selling and switching

To redeem
₹0.01 or 0.001 units
Switch minimum
₹100 or 0.001 units
Switch multiples
₹0.01 or 0.001 units

Scheme details(7 Oct 2026)

What it is

Category
Value Fund
Offer
20 Nov 2020 to 4 Dec 2020
Started
10 Dec 2020
Reopened
14 Dec 2020
Plans
Regular Plan & Direct Plan Growth Income Distribution cum Capital Withdrawal (IDCW) - Payout of Income Distribution cum Capital Withdrawal (IDCW) - Reinvest of Income Distribution cum Capital Withdrawal (IDCW) Default Option - Growth Option in case Growth Option or Income Distribution cum Capital Withdrawal (IDCW) Option is not indicated. - Payout sub-option in case Payout of IDCW Option or Reinvestment of IDCW Option is not indicated.
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
HSBC
Auditor
S.R. Batliboi & Co LLP
Registrar
Computer Age Management Services Limited
SEBI code
DSPM/O/E/VAF/19/11/0042