Fund Tracker India by Ishaan Dungarwal
Guide
Fund categoriesEquitySep 2026

Value funds: what they hold and bought

SEBI's rule: At least 65 % in equity, following a value investing strategy. A fund house may run a value or a contra fund, not both. Source: SEBI categorisation circular, 6 Oct 2017, as amended

20 value funds from 20 fund houses filed a portfolio for Sep 2026. Here is what most of them hold, and what they added and cut.

Category as AMFI lists it; the two AMFI spellings of a category are one page. Counted over open-ended schemes with an equity portfolio for the month, share counts from each fund house's monthly file. Value added or cut = change in shares × the month's value per share in that file, never a change in price.

Schemes20portfolio filed for Sep 2026, of 24
Fund houses20running one
Stocks held443listed on NSE, any scheme

Stocks most value funds hold, Sep 2026

Ranked by how many schemes in the category hold the stock; the average is its % of net assets in the schemes holding it.

schemes holding · average weight
  1. HDFCBANK HDFC Bank Ltd.
    18 of 20 · 5.84%
  2. ICICIBANK ICICI Bank Ltd.
    17 of 20 · 5.56%
  3. INFY Infosys Ltd.
    17 of 20 · 2.15%
  4. NTPC NTPC Ltd.
    17 of 20 · 2.09%
  5. RELIANCE Reliance Industries Ltd.
    16 of 20 · 3.55%
  6. AXISBANK Axis Bank Ltd.
    16 of 20 · 2.98%
  7. ITC ITC Ltd.
    15 of 20 · 1.90%
  8. SBIN State Bank of India
    14 of 20 · 3.00%
  9. LT Larsen & Toubro Ltd.
    14 of 20 · 2.32%
  10. BHARTIARTL Bharti Airtel Ltd.
    13 of 20 · 2.78%
  11. MARUTI Maruti Suzuki India Ltd.
    12 of 20 · 1.96%
  12. TECHM Tech Mahindra Ltd.
    11 of 20 · 1.78%
  13. KOTAKBANK Kotak Mahindra Bank Ltd.
    10 of 20 · 2.61%
  14. TCS Tata Consultancy Services Ltd.
    10 of 20 · 1.82%
  15. SUNPHARMA Sun Pharmaceutical Industries Ltd.
    10 of 20 · 1.75%
  16. CIPLA Cipla Ltd.
    10 of 20 · 1.53%
  17. HDFCLIFE HDFC Life Insurance Company Ltd.
    10 of 20 · 1.39%
  18. HEROMOTOCO Hero MotoCorp Ltd.
    9 of 20 · 1.59%
  19. SBILIFE SBI Life Insurance Co. Ltd.
    9 of 20 · 1.43%
  20. VAML Vedanta Aluminium Metal Ltd.
    9 of 20 · 0.94%

Most bought, Sep 2026

value of shares added · schemes adding
  1. HDFCBANK HDFC Bank Ltd. · 7
    +₹417 cr
  2. GODREJCP Godrej Consumer Products Ltd. · 1
    +₹220 cr
  3. BAJAJFINSV Bajaj Finserv Ltd. · 1
    +₹198 cr
  4. NTPC NTPC Ltd. · 4, 1 new
    +₹133 cr
  5. ITC ITC Ltd. · 7
    +₹124 cr
  6. SBILIFE SBI Life Insurance Co. Ltd. · 4, 2 new
    +₹106 cr
  7. HINDZINC Hindustan Zinc Ltd. · 1
    +₹102 cr
  8. DRREDDY Dr. Reddy's Laboratories Ltd. · 2, 1 new
    +₹86.6 cr
  9. ICICILIFE ICICI Life Insurance Ltd. · 1, 1 new
    +₹84.3 cr
  10. LICI Life Insurance Corporation of India · 5, 2 new
    +₹83.8 cr

Most sold, Sep 2026

value of shares cut · schemes cutting
  1. PREMIERENE Premier Energies Ltd · 1
    −₹128 cr
  2. COROMANDEL Coromandel International Ltd. · 1, 1 sold out
    −₹90.8 cr
  3. FEDERALBNK The Federal Bank Ltd. · 3, 1 sold out
    −₹84.1 cr
  4. STLTECH Sterlite Technologies Ltd. · 2
    −₹81.9 cr
  5. HAL Hindustan Aeronautics Ltd. · 1, 1 sold out
    −₹81.2 cr
  6. BPCL Bharat Petroleum Corporation Ltd. · 1, 1 sold out
    −₹78.8 cr
  7. PNCINFRA PNC Infratech Ltd. · 2, 1 sold out
    −₹71.6 cr
  8. WELCORP Welspun Corp Ltd. · 1
    −₹66.6 cr
  9. HYUNDAI Hyundai Motor India Ltd. · 1
    −₹61.6 cr
  10. BOSCHLTD Bosch Ltd. · 1, 1 sold out
    −₹59.9 cr

Value schemes (20)

largest AUM first
SchemeFund houseAUM1-year return
ICICI Prudential Value Fund (erstwhile Value Discovery Fund)ICICI Prudential Mutual Fund₹60,108 cr−2.0%
HSBC Value FundHSBC Mutual Fund₹15,096 cr+1.6%
Bandhan Value FundBandhan Mutual Fund₹9,945 cr+2.1%
UTI Value FundUTI Mutual Fund₹9,537 cr−1.7%
Nippon India Value FundNippon India Mutual Fund₹8,976 cr−4.3%
Tata Value FundTata Mutual Fund₹8,500 cr+2.3%
HDFC Value FundHDFC Mutual Fund₹8,030 cr+6.2%
Aditya Birla Sun Life Value FundAditya Birla Sun Life Mutual Fund₹6,807 cr+8.0%
DSP Value FundDSP Mutual Fund₹2,167 cr+6.2%
Quant Value Fundquant Mutual Fund₹1,967 cr+12.1%
Templeton India Value FundFranklin Templeton Mutual Fund₹1,956 cr−3.8%
Axis Value FundAxis Mutual Fund₹1,804 cr+8.5%
Sundaram Value FundSundaram Mutual Fund₹1,285 cr−5.4%
Canara Robeco Value FundCanara Robeco Mutual Fund₹1,278 cr−1.1%
Baroda BNP Paribas Value FundBaroda BNP Paribas Mutual Fund₹992 cr−0.1%
Union Value FundUnion Mutual Fund₹394 cr+0.0%
LIC MF Value FundLIC Mutual Fund₹283 cr+17.9%
NJ Value FundNJ Mutual Fund₹136 cr—
Groww Value FundGroww Mutual Fund₹75.2 cr+0.8%
BANK OF INDIA VALUE FUNDBank of India Mutual Fund₹39.3 cr—

AUM = AMFI's latest average AUM for the scheme; 1-year return = change in NAV over the year, as on each scheme page. Filter and compare every scheme

Questions about value funds

from the figures on this page

Which stocks do value funds hold the most?

In Sep 2026, 18 of the 20 value funds with a portfolio held HDFC Bank Ltd.. The five held by the most schemes: HDFC Bank Ltd. (HDFCBANK), ICICI Bank Ltd. (ICICIBANK), Infosys Ltd. (INFY), NTPC Ltd. (NTPC), Reliance Industries Ltd. (RELIANCE). Funds holding HDFCBANK

What did value funds buy and sell in Sep 2026?

Most bought by value of shares added: HDFC Bank Ltd. (HDFCBANK), Godrej Consumer Products Ltd. (GODREJCP), Bajaj Finserv Ltd. (BAJAJFINSV). Most sold: Premier Energies Ltd (PREMIERENE), Coromandel International Ltd. (COROMANDEL), The Federal Bank Ltd. (FEDERALBNK). All stocks bought and sold by mutual funds, Sep 2026

How many value funds are there?

AMFI lists 24 open-ended value funds; 20 from 20 fund houses filed an equity portfolio for Sep 2026. Filter every scheme

Other fund categories

Aggressive hybrid Arbitrage Balanced advantage or dynamic asset allocation Balanced hybrid Children's Conservative hybrid Contra Dividend yield ELSS (tax saver) Equity savings Flexi cap Focused Large & mid cap Large cap Life cycle Mid cap Multi asset allocation Multi cap Retirement Sectoral or thematic Small cap