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List of Best Value ETFs in India 2026

Value ETFs in India track indices composed of stocks selected for attractive valuation metrics such as low price-to-earnings and price-to-book ratios. A widely referenced benchmark in this theme is the Nifty500 Value 50 Index, which consists of 50 value-oriented stocks chosen from the broader Nifty 500 universe based on value scores across multiple financial ratios.

Top Value ETFs in 2026

Value ETF Stock Screener

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NameStocks (7)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Nippon India ETF Nifty 50 Value 20NV20BEESEquityEquity63.0863.08154.80154.80---1.30-1.30-0.93-0.936.376.371.641.64------0.000.00--1.031.03
2.HDFC Nifty50 Value 20 ETFHDFCVALUEEquityEquity24.6024.60139.30139.30---1.11-1.11-0.70-0.706.606.601.751.75----------1.021.02
3.ICICI Prudential Nifty50 Value 20 ETFNV20IETFEquityEquity20.8820.8815.0715.07---0.92-0.92-0.86-0.866.506.501.141.14------0.000.00--0.980.98
4.Motilal Oswal BSE Enhanced Value ETFMOVALUEEquityEquity16.3116.31121.95121.95--1.381.381.971.9720.9720.9732.0532.05----------1.411.41
5.ICICI Prudential Nifty200 Value 30 ETFVAL30IETFEquityEquity8.128.1215.8315.83--1.741.742.462.4623.0923.0933.8133.81----------1.421.42
6.Axis Nifty500 Value 50 ETFAXISVALUEEquityEquity7.077.0733.2333.23--1.841.843.653.6518.5918.5928.4528.45----------1.321.32
7.Kotak Nifty 50 Value 20 ETFNV20EquityEquity--154.50154.50---1.07-1.07-0.50-0.506.656.651.601.60----------1.111.11
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Based on publicly available information | Sorted by market capitalisation from highest to lowest.

Overview of Top Value ETFs in India

Axis Nifty500 Value 50 ETF

Axis Nifty500 Value 50 ETF tracks the Nifty500 Value 50 Index, selecting 50 stocks from the Nifty 500 universe based on value parameters. The index uses fundamental metrics to identify companies trading at relatively lower valuations, offering exposure to value-oriented stocks across large and mid-cap segments.

HDFC Nifty 50 Value 20 ETF

HDFC Nifty 50 Value 20 ETF tracks the Nifty50 Value 20 Index, comprising 20 stocks selected from the Nifty 50 based on value criteria, including return on capital employed, price-to-earnings, and price-to-book ratios. The fund provides concentrated exposure to value-focused large-cap companies.

Kotak Nifty 50 Value 20 ETF

Kotak Nifty 50 Value 20 ETF replicates the Nifty50 Value 20 Index performance, investing in 20 large-cap stocks from the Nifty 50 universe. Selection is based on value metrics, focusing on companies with relatively lower valuations and stronger fundamental parameters within the large-cap space.

ICICI Pru Nifty 50 Value 20 ETF

ICICI Pru Nifty 50 Value 20 ETF follows the Nifty50 Value 20 Index, which selects 20 stocks from Nifty 50 constituents using value-based screening criteria. The index methodology evaluates stocks on return on capital employed and valuation ratios to identify value-oriented investment opportunities among large-cap companies.

ICICI Prudential Nifty200 Value 30 ETF

ICICI Prudential Nifty200 Value 30 ETF tracks the Nifty200 Value 30 Index, selecting 30 stocks from the Nifty 200 universe based on value factor scores. This ETF provides exposure to value stocks across large and mid-cap segments, using quantitative metrics to identify relatively undervalued companies.

What are Value ETFs?

Value ETFs are exchange-traded funds that track indices built around stocks considered undervalued based on financial ratios such as price-to-earnings, price-to-book, cashflow metrics, or dividend yield. These funds replicate value-oriented indices, such as the Nifty500 Value 50 Index, by holding the same set of companies in similar proportions. The methodology behind these indices scores each stock on multiple valuation factors and selects those that rank favourably within the broader universe. Value ETFs allow investors to follow a rule-based approach to valuation-driven equity segments without choosing individual stocks, offering transparent exposure to companies screened for relatively lower market valuations.

How to Invest in Value ETFs?

Here's how you can invest in Value ETFs using Tickertape -

  1. Create an account on the Tickertape or log in if you already have one.
  2. Open Tickertape Stock Screener
  3. Filter Value ETFs screener based on various parameters such as market cap, close price, past returns and more. You can review this data to evaluate each ETF’s performance trends and determine whether they align with your investment thesis.
  4. Once you’ve decided on an ETF, you can place a buy order through your brokerage account linked to Tickertape.

You can also stay updated on alerts and announcements for your favourite stocks with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in Value ETFs in India

Exposure to Undervalued Companies

Value ETFs give you systematic access to stocks trading at relatively lower valuations compared to their fundamentals. This offers potential for your capital to grow as the market eventually recognises what these companies are really worth.

Lower Expense Ratios

These ETFs keep costs down with expense ratios typically ranging from 0.15% to 0.30%. That's significantly lower than actively managed value-oriented mutual funds, and you still get strategic factor-based exposure.

Dividend Income Potential

Value stocks often come with higher dividend yields because these companies tend to distribute more of their earnings to shareholders. This means you get potential regular income on top of capital appreciation opportunities.

Portfolio Stability

Value ETFs invest in established companies with proven track records and stable fundamentals. These stocks usually show lower volatility compared to growth-oriented or momentum-based investments, which can help reduce your overall portfolio fluctuations.

Transparent Methodology

The rules-based approach shows you exactly how stocks get selected, how they're weighted, and what's in the portfolio. You can clearly see which metrics drive inclusion and how the value framework evaluates stocks.

Potential Market Cycle Outperformance

History shows that value stocks can outperform during market recoveries and certain economic conditions. Value ETFs let you systematically participate in this factor premium without having to pick individual stocks yourself.

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Risks of Investing in Value ETFs in India

Extended Underperformance Periods

Value stocks can stay undervalued for long periods, especially during growth-driven market phases. Value ETFs may underperform broader indices or growth-oriented strategies during bull markets when high-growth companies dominate returns.

Value Trap Exposure

Some stocks that look like "value" plays based on low valuations might be cheap for good reasons—deteriorating business fundamentals, structural industry challenges, or poor management. These value traps can lead to continued underperformance or actual losses.

Market Cycle Dependency

The value factor performs very differently across market environments. When the market favours growth, technology, or momentum strategies, value ETFs can lag considerably. You'll need patience to realise the potential benefits.

Sector Concentration Risk

Value indices can develop heavy exposure to specific sectors like banking, energy, utilities, or traditional manufacturing that naturally exhibit value characteristics. This sectoral tilt can amplify your losses if those industries hit headwinds.

Tracking Error

Value ETFs don't always perfectly copy their underlying index performance. Factors like expense ratios, rebalancing costs, dividend timing differences, and liquidity constraints in stocks can cause deviations from benchmark returns.

Factors to Consider Before Investing in Value ETFs

Investment Time Horizon

Value investing strategies usually need longer holding periods for the market to recognize undervalued stocks. Value ETFs generally work better with investment horizons of three to five years or longer, since short-term performance can be volatile.

Current Market Cycle Position

Value stocks perform differently across various market environments. Understanding whether the current market favours value characteristics (like stable earnings and dividends) or growth characteristics helps you set realistic expectations for near-term performance.

Underlying Index Methodology

Different value indices use different selection criteria, stock universes, and rebalancing frequencies. The Nifty50 Value 20 focuses on large-cap value stocks, while the Nifty 500 Value 50 includes mid-cap exposure. This affects your risk-return profile and diversification characteristics.

Historical Factor Performance

Value as an investment factor goes through cyclical periods of outperformance and underperformance. Looking at how value stocks have performed relative to growth stocks in recent years gives you context for what might happen in the near term.

Taxation on Value ETFs

Value ETFs follow capital gains taxation linked to the holding period. Tax treatment differs for short-term and long-term gains.

Holding Period Tax Treatment
Short-Term (< 12 months ) Gains taxed at a flat rate of 20% (increased from the previous 15%).
Long-Term (> 12 months) Gains taxed at 12.5%. Exemption applies to the first ₹1.25 Lakh of long-term gains across all equity assets in a financial year.

Conclusion

Value ETFs offer a structured way to track portfolios built around valuation metrics such as earnings, book value, and cash flows. Their rule-based construction provides a clear view of how undervaluation themes behave across different market phases, making them useful for studying valuation-driven segments within the broader equity universe. If you want to explore value-oriented stocks, compare valuation metrics, or analyse sector patterns, the Tickertape Stock Screener provides data-led filters that help you examine these themes with clarity and without offering any form of recommendation.

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Frequently Asked Questions on Value ETFs

  1. What are value ETFs?

    Value ETFs are exchange-traded funds that invest in stocks considered undervalued based on metrics like low P/E, low P/B, high dividend yield and strong ROCE. They provide systematic exposure to companies trading below intrinsic value.

  2. Which value ETF is the best?

    Top value ETFs (as of 16 Jan 2026) include Axis Nifty500 Value 50 ETF, HDFC Nifty50 Value 20 ETF, Kotak Nifty 50 Value 20 ETF, ICICI Pru Nifty50 Value 20 ETF and ICICI Pru Nifty200 Value 30 ETF.

  3. What is the "value factor" in investing?

    The value factor represents stocks trading at lower valuations relative to fundamentals. Research shows value stocks have historically earned premium returns over long periods, though performance varies by market cycle.

  4. Which indices do value ETFs in India typically track?

    Value ETFs track indices like Nifty50 Value 20, Nifty200 Value 30 and Nifty500 Value 50, all constructed using valuation-driven screening criteria.

  5. Are value ETFs actively or passively managed?

    Value ETFs are passively managed, replicating their underlying value index where stock weights and selection come from rules-based methodologies.

  6. What is intrinsic value in value investing?

    Intrinsic value reflects a company's true worth based on fundamentals, cash flows, assets and long-term earnings potential. Value investing seeks stocks trading below this estimate.

  7. How do value ETFs avoid “value traps”?

    Value indices apply multi-factor screens including profitability, liquidity and financial strength along with valuation ratios to filter companies that are cheap due to fundamental weakness.

  8. How to sell value ETFs?

    Value ETFs can be sold via your demat account by placing a sell order on the stock exchange. The execution occurs at prevailing market price and settles as per standard procedures.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.