Buy good companies
at good bargains.
Invest in companies with strong growth potential trading at reasonably attractive valuations — the discipline of value investing, compounded over market cycles.
Data as of May 31, 2026 · Inception August 16, 2004 · Benchmark Nifty 500 TRI
Become a Part-Owner
When you buy a company's stock, you become a part-owner and may gain from capital appreciation in the stock price.
Hedge Against Inflation
Investing in equity markets over the long term can deliver better inflation-adjusted returns and protect your wealth.
Liquidity
Open-ended mutual funds are liquid — withdraw any time. An exit load applies only for early redemptions.
₹1 lakh became ₹7.48 crore
The Sensex has grown nearly 748× in the last 47 years — a 15.1% CAGR since inception in April 1979. Long-term equity ownership remains a powerful engine of wealth creation.
The fund seeks to identify stocks whose prices are low relative to their intrinsic value — calculated using earnings, book value and cash-flow potential.
- Flexible in moving across market capitalisations to explore attractive opportunities
- Follows a benchmark-agnostic sector allocation approach
- Backs convictions with substantial positions and a margin of safety
Stock Picking Parameters
- Financial Strength
- Business Durability
- Management Behaviour
Valuations
- Price relative to intrinsic value
- Earnings, book value & cash flow
- Margin of safety
Investment Decision
- Risk & reward calibration
- Back convictions with substantial positions
- Benchmark-agnostic allocation
The portfolio endeavours to generate returns over the long term by value unlocking across different market environments.
| Phase | Secular Uptrend | Downtrend / Range-bound |
|---|---|---|
| Portfolio Strategy | Bottom-up stock selection with up to 10% cash call | Bottom-up quality stock selection at low valuations |
| Performance | May underperform in bubble scenarios | May outperform the benchmark over long-term cycles |
Growth of ₹10 lakhs invested since inception
Lumpsum since Aug 2004. Fund CAGR 18.0% (since-inception 19.1%) · Benchmark 13.5%.
SIP Performance
₹10,000 monthly · value & XIRR| Period | Invested | Value | Fund | Bench |
|---|---|---|---|---|
| 1 Year | ₹1.2L | ₹1.2L | -7.3% | -1.8% |
| 3 Years | ₹3.6L | ₹4L | +6.7% | +6.3% |
| 5 Years | ₹6L | ₹8.3L | +13.1% | +10.4% |
| 7 Years | ₹8.4L | ₹15.8L | +17.8% | +15.6% |
| 10 Years | ₹12L | ₹27.9L | +16.1% | +12.1% |
| Since Inception | ₹26.2L | ₹231.2L | +17.1% | — |
Performance (CAGR)
As on May 31, 2026| Period | Fund | Nifty 500 | Nifty 50 |
|---|---|---|---|
| 1 Year | -1.8% | +0.3% | -3.9% |
| 3 Years | +16.4% | +13.9% | +9.5% |
| 5 Years | +16.6% | +12.0% | +9.9% |
| Since Inception | +19.1% | — | +14.5% |
Past performance may or may not be sustained in future. Returns in CAGR/XIRR % terms. Inception: Aug 16, 2004.
Top Holdings
| Company Name | % to NAV |
|---|---|
| ICICI Bank Ltd. | 9.3% |
| HDFC Bank Ltd. | 9.1% |
| Infosys Ltd. | 6.2% |
| ITC Ltd. | 4.9% |
| Reliance Industries Ltd. | 4.8% |
| Sun Pharmaceutical Inds. Ltd. | 4.7% |
| Tata Consultancy Services Ltd. | 3.7% |
| Maruti Suzuki India Ltd. | 3.4% |
| Axis Bank Ltd. | 3.0% |
| Hindustan Unilever Ltd. | 3.0% |
| Industry Name | % to NAV |
|---|---|
| Banks | 25.6% |
| IT - Software | 10.7% |
| Pharma & Biotech | 10.0% |
| Automobiles | 7.2% |
| Diversified FMCG | 7.9% |
| Insurance | 7.1% |
| Petroleum Products | 5.0% |
| Finance | 3.3% |
| Consumer Durables | 2.9% |
| Power | 2.4% |
Data as of May 31, 2026. The portfolio is subject to changes within the provisions of the Scheme Information Document. The sector(s)/stock(s) mentioned do not constitute any recommendation.
- Defensive sector, resilient amid macro uncertainty
- Rising healthcare access & insurance penetration
- US-exported generics exempt from recent tariffs
- Reasonable valuations; strong credit off-take
- RBI liquidity & government stimulus may boost credit
- Asset quality improving, NIMs bottoming out
- Tactically positive as valuations have come off
- Integrating AI to cut cost & lift efficiency
- Rupee depreciation bodes well for the sector
The stock(s)/sector(s) mentioned do not constitute any recommendation. Data as of May 31, 2026.
Sankaran Naren
Fund Manager · since Jan 2021
36 years overall experience
Dharmesh Kakkad
Fund Manager · since Jan 2021
16 years overall experience
Masoomi Jhurmarvala
Fund Manager · since Nov 2024
10 years overall experience
| Type of Scheme | Open-ended equity scheme following a value investment strategy |
| Min. Application Amount | ₹500 (plus multiples of ₹1) |
| Min. Additional Amount | ₹500 (plus multiples of ₹1) |
| Min. Redemption Amount | Any Amount |
| Exit Load | 1% if redeemed ≤ 12 months; Nil thereafter |
| Benchmark Index | Nifty 500 TRI |
| SIP / STP / SWP | Available |
| Plans / Options | Regular & Direct · Growth & IDCW |
Neovision Value Fund
Suitable for investors seeking long-term wealth creation through a value investment strategy.
Scheme Benchmark · Nifty 500 TRI
The risk of the benchmark is evaluated and updated on a monthly basis.
Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Risk-o-meters are as on May 31, 2026 and are evaluated and updated on a monthly basis.
Start your value
investing journey
Begin with as little as ₹500. Set up a SIP, stay invested through cycles, and let disciplined value compounding work for you.
Illustrative only, assuming ~16% p.a. compounded monthly. Not a guarantee of future returns. Mutual fund investments are subject to market risks.