Side by side
Direct plans, growth option. Returns are annualised, to 09 Oct 2026.
| HDFC Value | JM Value | |
|---|---|---|
| Category | Value | Value |
| Return over 1 year | 2.6% | -3.1% |
| Return over 3 years | 14.9% | 11.2% |
| Return over 5 years | 12.5% | 13.3% |
| Rank in category, 1 year | 5 of 21 | 11 of 21 |
| Rank in category, 3 years | 4 of 20 | 11 of 20 |
| Rank in category, 5 years | 3 of 16 | 2 of 16 |
| Against an index fund, 5 years | 4.4% ahead | 5.2% ahead |
| Regular plan return, 5 years | 11.5% | 12.2% |
| What the regular plan costs | 0.97% a year | 1.13% a year |
| Expense ratio, direct plan | 1.11% a year | 1.59% a year |
| Fund size | ₹8,039 crore | ₹780 crore |
JM Value Fund returned 13.3% a year and HDFC Value Fund 12.5%. It was ahead in 1 of the 3 periods compared.
They share 20% of their holdings
From their latest disclosed portfolios, 20% of each fund sits in the same shares, across 14 companies, led by ICICI Bank, Bharti Airtel, Larsen & Toubro, Infosys. That is a moderate overlap: the two funds differ enough to behave differently, but they are not independent.
What the numbers do not settle
The fund that was ahead over the last 5 years is not reliably the one ahead over the next. Look at whether a lead holds across periods, what each fund would cost you to enter and leave, and which fits the rest of what you own.
Check your whole portfolio
Add everything you hold to see which funds overlap, what you pay in commissions and where the portfolio is lopsided.
Check your portfolioTalk it through first
Which fund suits you depends on your goals, your tax position and what else you own. An advisor will go through it with you on a free call.
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Questions
Which has given higher returns, HDFC Value Fund or JM Value Fund?
Over the 5 years to 09 Oct 2026, JM Value Fund returned 13.3% a year and HDFC Value Fund returned 12.5%, measured by their direct plans. JM Value was ahead in 1 of the 3 periods compared. Past returns do not tell you which will lead next.
Are HDFC Value Fund and JM Value Fund in the same category?
Yes. Both are value funds, so they invest in the same part of the market and are likely to hold many of the same shares.
How much do HDFC Value Fund and JM Value Fund overlap?
About 20% of each fund is invested in the same shares, across 14 companies, going by their latest disclosed portfolios.
Should I switch from one to the other?
Not on past returns alone. A switch can mean an exit load and tax on your gains, and leadership between funds changes over time. Whether either fund suits you depends on your goals and the rest of your portfolio, which is a question for an advisor.
This page is information, not a recommendation to buy, sell or hold any fund. Returns are annualised, for the growth option, from NAVs published by AMFI. A ranking by past return says nothing certain about the future, and the right fund for you depends on your goals and the rest of your portfolio.
Invsify Technologies Private Limited is a SEBI Registered Investment Adviser, Registration No. INA000020572. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future results.