# HDFC Dividend Yield Fund

HDFC Asset Management Company Limited · Dividend Yield · Regular plan, Growth

Full page with charts: https://discovermf.com/funds/hdfc-dividend-yield-fund-148610
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

## In short

- **What it invests in:** Companies that pay high dividends. Its latest portfolio: 99% shares and 1% other investments.
- **₹10,000 a month:** For the last 5 years: ₹6 lakh put in, worth ₹7.51 lakh on 3 Nov 2026.
- **Next to similar funds:** Over the last 3 years it earned 9.8% a year; similar funds earned 11.2% a year on average.
- **How bumpy:** Very high: big ups and downs, sometimes sharp falls. It made money in 83 of every 100 one-year stretches; its worst 12 months saw a fall of 8.8%.
- **Expense ratio:** 1.92% a year. Similar funds: 2.39% on average.
- **Fees and minimums:** A SIP from ₹100 a month. A fee may apply if you sell soon after buying; the full terms are under Cost.

Past returns do not tell you future returns.

## Key facts

- **NAV:** ₹24.16 on 3 Nov 2026
- **Fund size:** ₹5,246 cr (2 Nov 2026)
- **Expense ratio:** 1.92% a year (typical in its category 2.39%)
- **Riskometer:** Very High
- **Benchmark:** Nifty 500 TRI
- **Category:** [Dividend Yield](https://discovermf.com/categories/dividend-yield.md)
- **Fund house:** [HDFC Asset Management Company Limited](https://discovermf.com/fund-houses/hdfc)
- **Launched:** 18 Dec 2020
- **Exit load:** • Exit load of 1.00% is payable if Units are redeemed / switched-out within 1 year from the date of allotment of units.
• No Exit Load is payable if Units are redeemed / switched-out after 1 year from the date of allotment.
- **Minimum investment:** ₹100 to start, ₹100 a month by SIP
- **AMFI scheme code:** 148610

## Returns

| Period | Fund | Category average | Benchmark | Rank in category |
| --- | --- | --- | --- | --- |
| 1 month | +1.9% | — | — | — |
| 3 months | -4.6% | — | — | — |
| 6 months | -0.7% | — | — | — |
| 1 year | -5.6% | -4.6% | -4.6% | 7 of 10 |
| 3 years (a year) | +9.8% | +11.2% | +10.9% | 6 of 9 |
| 5 years (a year) | +11.0% | +10.9% | +9.1% | 2 of 6 |
| Since launch (a year) | +16.2% | — | — | — |

### Calendar years

| Year | Fund | Benchmark |
| --- | --- | --- |
| 2026 | -4.4% | -4.9% |
| 2025 | +3.3% | +7.8% |
| 2024 | +16.2% | +16.2% |
| 2023 | +38.0% | +26.9% |
| 2022 | +6.9% | +4.3% |
| 2021 | +41.8% | +31.6% |

### A ₹10,000 monthly SIP

On the first price of each month, valued at the NAV of 3 Nov 2026.

| Started | Put in | Worth | Yearly return (XIRR) |
| --- | --- | --- | --- |
| 3 years ago | ₹3.6 lakh | ₹3.67 lakh | +1.3% |
| 5 years ago | ₹6 lakh | ₹7.51 lakh | +8.9% |

## Risk

| Measure | Fund | Category average |
| --- | --- | --- |
| Volatility, last year | 13.5% | 12.8% |
| Worst fall, last year | -18.4% | — |
| Worst fall, last 3 years | -20.4% | — |
| Sharpe ratio, 3 years | 0.28 | — |
| Sortino ratio, 3 years | 0.37 | — |
| Beta, 3 years | 0.96 | — |
| Alpha, 3 years | -0.8% | — |

## Portfolio, September 2026

131 holdings. Equity 98.9%, Cash and equivalents -0.0%, Other 1.1%.

### Largest holdings

| Holding | Sector or type | Weight |
| --- | --- | --- |
| ICICI Bank Ltd. | Banks | 5.38% |
| HDFC Bank Ltd.£ | Banks | 4.97% |
| Axis Bank Ltd. | Banks | 3.72% |
| Larsen and Toubro Ltd. | Construction | 2.64% |
| Bharti Airtel Ltd. | Telecom - Services | 2.62% |
| Kotak Mahindra Bank Limited | Banks | 2.45% |
| Reliance Industries Ltd. | Petroleum Products | 2.25% |
| Tech Mahindra Ltd. | IT - Software | 2.24% |
| Maruti Suzuki India Limited | Automobiles | 2.20% |
| Sun Pharmaceutical Industries Ltd. | Pharmaceuticals & Biotechnology | 2.14% |

### Largest sectors

| Sector | Weight |
| --- | --- |
| Banks | 21.0% |
| IT - Software | 6.8% |
| Automobiles | 6.6% |
| Pharmaceuticals & Biotechnology | 6.6% |
| Finance | 4.5% |

## Managers

- [Gopal Agarwal](https://discovermf.com/fund-managers/gopal-agarwal), since 18 Dec 2020
- [Bhagyesh Kagalkar](https://discovermf.com/fund-managers/bhagyesh-kagalkar), since 1 Sept 2026

## Objective

To provide capital appreciation and/or dividend distribution by predominantly investing in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies. There is no assurance that the investment objective of the Scheme will be achieved.