Top-rated value / contra funds: November 2026

The 6 value / contra schemes rated A+ or A on their track record this month, out of 24 rated Regular plans: why each one rates well, what changed since last month, and how much they overlap. Data as of 11 Nov 2026.

Each fund is compared only with other value / contra funds of the same plan type: return over the Nifty 500 total-return index, how consistently it was earned, risk, cost and portfolio. How the ratings work.

1. Axis Value Fund (A last month)

Axis Mutual Fund · AUM ₹1,882 cr · 5.1 years

Regular A+ · #1 of 24 · expense ratio 2.20% · Direct A+ · #1 of 23 · expense ratio 0.85%

Returned 17.5% a year over 3 years (Regular plan), +5.1% a year against the Nifty 500 total-return index; the median fund: +0.3%.
In falling months it fell 89% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 17.6% (median fund: 18.5%).
Holds 86 stocks; the top 10 are 29% of the portfolio, the largest sector Banks (21%).

2. Invesco India Contra Fund (A last month)

Invesco Mutual Fund · AUM ₹19,230 cr · 13.9 years

Regular A+ · #2 of 24 · expense ratio 1.83% · Direct A+ · #2 of 23 · expense ratio 0.74%

Returned 14.9% a year over 3 years (Regular plan), +2.6% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 92% of rolling 3-year periods (median fund: 92%).
In falling months it fell 101% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 19.0% (median fund: 18.5%).
Holds 74 stocks; the top 10 are 32% of the portfolio, the largest sector Banks (21%).

3. LIC MF Value Fund

LIC Mutual Fund · AUM ₹367 cr · 3.3 years

Regular A+ · #3 of 24 · expense ratio 3.33% · Direct A+ · #3 of 23 · expense ratio 1.89%

Returned 16.3% a year over 3 years (Regular plan), +4.0% a year against the Nifty 500 total-return index; the median fund: +0.3%.
In falling months it fell 121% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 25.4% (median fund: 18.5%).

A short record: 3.3 years. Ratings on short records change more.

4. Tata Value Fund (B last month)

Tata Mutual Fund · AUM ₹8,010 cr · 13.9 years

Regular A · #4 of 24 · expense ratio 1.98% · Direct A · #4 of 23 · expense ratio 1.03%

Returned 13.0% a year over 3 years (Regular plan), +0.6% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 100% of rolling 3-year periods (median fund: 92%).
In falling months it fell 105% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 21.2% (median fund: 18.5%).
Holds 28 stocks; the top 10 are 51% of the portfolio, the largest sector Banks (18%).

5. HDFC Value Fund (B last month)

HDFC Mutual Fund · AUM ₹8,033 cr · 13.9 years

Regular A · #5 of 24 · expense ratio 1.87% · Direct A · #5 of 23 · expense ratio 1.09%

Returned 16.0% a year over 3 years (Regular plan), +3.6% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 100% of rolling 3-year periods (median fund: 92%).
In falling months it fell 94% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 18.5% (median fund: 18.5%).
Holds 81 stocks; the top 10 are 31% of the portfolio, the largest sector Banks (22%).

6. Aditya Birla Sun Life Value Fund (A+ last month)

Aditya Birla Sun Life Mutual Fund · AUM ₹6,362 cr · 18.6 years

Regular A · #6 of 24 · expense ratio 2.03%

Returned 12.7% a year over 3 years (Regular plan), +0.4% a year against the Nifty 500 total-return index; the median fund: +0.3%.
Ahead of the Nifty 500 total-return index in 100% of rolling 3-year periods (median fund: 92%).
In falling months it fell 116% as much as the index (median fund: 95%).
Its deepest fall in the last 3 years was 22.6% (median fund: 18.5%).
Holds 68 stocks; the top 10 are 32% of the portfolio, the largest sector Banks (15%).

What changed since last month

Joined the shortlist

Tata Value Fund: B → A
HDFC Value Fund: B → A

Left the shortlist

HSBC Value Fund: A → B
Quant Value Fund: A+ → B
JM Value Fund: A → B

Regular plans; ratings are revised on the 11th and 16th of each month, after fund houses publish their portfolios. Each fund's page explains its own change.

Which of these suits you?

That depends on your goal, your other funds and how much overlap you hold. Tell us what you have and we'll look at it with you.

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All 58 value / contra plans, with every rating · Other categories

Common questions

Which value / contra funds are rated A+ in November 2026?

Among Regular plans: Axis Value Fund, Invesco India Contra Fund, LIC MF Value Fund. 6 schemes are rated A+ or A in at least one plan. Ratings compare each fund with its own category and plan type, on its record against the Nifty 500 total-return index.

Is the top-rated value / contra fund the best one to invest in?

Not necessarily. The rating describes the track record so far: return over the index, how consistently it was earned, risk, cost and portfolio. Our own backtest found that top ratings did not reliably predict the next three years. Use the shortlist to avoid weak records, then choose for your goal, the funds you already hold, and how much overlap you can accept.

Direct plan or Regular plan?

The same portfolio. A Direct plan has no distributor commission, so its expense ratio is lower and its return slightly higher. A Regular plan pays a distributor such as us, through the expense ratio, for advice and service. Plans are rated separately: Regular against Regular, Direct against Direct.

How often does this list change?

Returns update every weekday, but ratings change twice a month: on the 11th and the 16th, after fund houses publish their monthly portfolios.

Ratings describe past track records and are not a recommendation to buy or sell, or a forecast. Mutual fund investments are subject to market risks; read the scheme documents before investing.