COMPARE
HDFC Value Fund - Growth Option - Direct Plan vs ITI Value Fund - Direct Plan - Growth Option
HDFC Value Fund and ITI Value Fund are both in the Value Fund category, from HDFC Asset Management Company Limited and ITI Asset Management Limited respectively. ITI Value Fund has posted a higher 3-year rolling CAGR. HDFC Value Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
HDFC Value Fund has the lower direct-plan expense ratio, by 0.31 percentage points.
| HDFC Value Fund - Growth Option - Direct Plan | ITI Value Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Value Fund | Value Fund |
| AMC | HDFC Asset Management Company Limited | ITI Asset Management Limited |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹844.904 (2026-10-28) | ₹17.291 (2026-10-28) |
| AUM | ₹7,945.012 Cr | ₹331.25 Cr |
| Expense Ratio (Direct) | 1.11% | 1.42% |
| Inception | 1993-12-16 | 2021-05-25 |
Returns
ITI Value Fund leads on 3-year rolling CAGR (20.2% vs HDFC Value Fund's 17.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ITI Value Fund has been the more volatile of the two by standard deviation.
| HDFC Value Fund - Growth Option - Direct Plan | ITI Value Fund - Direct Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.45 | 0.12 |
| 3Y Alpha | 5.0056% | 0.6296% |
| 3Y Std Deviation | 13.7218% | 16.4376% |
| 3Y Calmar Ratio | 0.73 | 0.42 |
Portfolio Analytics
ITI Value Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| HDFC Value Fund - Growth Option - Direct Plan | ITI Value Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 25.91 | 26.0509 |
| P/B Ratio | 0.98 | 8.38 |
| Dividend Yield | 1.0807% | 0.7787% |
| Active Share | 60.18% | 69.64% |
| Portfolio Turnover | 2656% | 27% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
HDFC Value Fund and ITI Value Fund carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, HDFC Value Fund or ITI Value Fund?
ITI Value Fund's 3-year rolling CAGR of 20.2% is higher than HDFC Value Fund's 17.2%. ITI Value Fund sits in the 81st percentile of its category on this metric, versus the 33rd percentile for HDFC Value Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, HDFC Value Fund or ITI Value Fund?
HDFC Value Fund's direct-plan expense ratio is 0.31 percentage points lower than ITI Value Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, HDFC Value Fund or ITI Value Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), ITI Value Fund has been more volatile than HDFC Value Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.45 for HDFC Value Fund vs 0.12 for ITI Value Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, HDFC Value Fund or ITI Value Fund?
HDFC Value Fund has ₹7,945 Cr in assets under management, versus ₹331 Cr for ITI Value Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, HDFC Value Fund or ITI Value Fund?
HDFC Value Fund launched on 1993-12-16, making it older than ITI Value Fund (launched 2021-05-25). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.