Mutual fund · Dividend Yield
HDFC Dividend Yield Fund
₹5,274 cr across 127 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: −3% over 1 year against the median Dividend Yield fund's −2%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| HDFC Dividend Yield Fund | −2% | −3% | +9% | +11% |
| Median Dividend Yield fund | −2% | −2% | +10% | +11% |
+38%Q3 FY24+46%Q4 FY24+46%Q1 FY25+43%Q2 FY25+16%Q3 FY25+4%Q4 FY25+2%Q1 FY26−8%Q2 FY26+3%Q3 FY26−4%Q4 FY26−3%Q1 FY27−3%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| STERLITE TECHNOLOGIES LIMITED | +1.0 pp | +0.4 pp |
| TD Power Systems Ltd. | +0.6 pp | +0.0 pp |
| Axis Bank Ltd. | +0.5 pp | −0.2 pp |
| Bajaj Auto Limited | +0.4 pp | −0.2 pp |
| Finolex Cables Ltd. | +0.3 pp | +0.1 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Ltd. | −1.6 pp | −0.0 pp |
| Infosys Limited | −0.7 pp | −0.2 pp |
| Tata Consultancy Services Ltd. | −0.6 pp | −0.2 pp |
| ITC LIMITED | −0.6 pp | +0.0 pp |
| Maruti Suzuki India Limited | −0.4 pp | −0.3 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| ICICI Bank | Financial Services | 5.38% | ₹284 cr | 46 mo | +27% |
| HDFC Bank | Financial Services | 4.97% | ₹262 cr | 46 mo | -11% |
| Axis Bank | Financial Services | 3.72% | ₹196 cr | 46 mo | +8% |
| Larsen & Toubro Limited | Construction | 2.64% | ₹139 cr | 46 mo | +80% |
| Bharti Airtel Limited | Telecommunication | 2.62% | ₹138 cr | 46 mo | +56% |
| Kotak Mahindra Bank Limited | Financial Services | 2.45% | ₹129 cr | 32 mo | +24% |
| Reliance Industries Limited | Oil, Gas & Consumable Fuels | 2.25% | ₹119 cr | 46 mo | -2% |
| Tech Mahindra Limited | Information Technology | 2.24% | ₹118 cr | 46 mo | +50% |
| Maruti Suzuki India Limited | Automobile and Auto Components | 2.20% | ₹116 cr | 32 mo | -2% |
| Sun Pharmaceutical Industries Limited | Healthcare | 2.14% | ₹113 cr | 46 mo | +81% |
| State Bank of India | Financial Services | 2.00% | ₹106 cr | 46 mo | +56% |
| Bajaj Auto | Automobile and Auto Components | 1.96% | ₹103 cr | 46 mo | +67% |
| SBI Life Insurance Company Limited | Financial Services | 1.93% | ₹102 cr | 46 mo | +29% |
| Sterlite Technologies Limited | Telecommunication | 1.81% | ₹96 cr | 30 mo | +562% |
| NTPC Limited | Power | 1.71% | ₹90 cr | 46 mo | +94% |
How this fund actually behaves
Computed from every filed monthly portfolio (46 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 23 mo (10–33) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (13 exits) | 92% · payoff 5.7× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Mixed |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 38× · 36% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 39.3× P/E · 9.1× P/B · 2% loss-makers |
| Churn | Stocks entered and exited in 12 months, of 127 positions | 7 in · 6 out |
| Concentration | Top 10 holdings' share; effective number of positions | 31% · ~57 effective |