HDFC Dividend Yield Fund
The fund remains heavily tilted toward financials—banks alone represent over 20% of the portfolio—reflecting conviction in dividend-paying established institutions over growth plays. The manager exited Premier Energies, signaling a preference for steady cash generators rather than cyclical renewables exposure. With top-5 holdings concentrated at 19% and 132 total stocks, the strategy balances quality-name stability with diversification, positioning for income through economic cycles rather than capital appreciation.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹24.1060 | -0.28% | -1.76% | +14.87% | +16.47% |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd.£ INE040A01034 | 5.29% |
| 2 | ICICI Bank Ltd. INE090A01021 | 4.77% |
| 3 | Axis Bank Ltd. INE238A01034 | 3.64% |
| 4 | Larsen and Toubro Ltd. INE018A01030 | 2.68% |
| 5 | Bharti Airtel Ltd. INE397D01024 | 2.61% |
| 6 | Reliance Industries Ltd. INE002A01018 | 2.52% |
| 7 | Maruti Suzuki India Limited INE585B01010 | 2.27% |
| 8 | Kotak Mahindra Bank Limited INE237A01036 | 2.14% |
| 9 | NTPC Limited INE733E01010 | 2.11% |
| 10 | State Bank of India INE062A01020 | 2.07% |
| 11 | Tech Mahindra Ltd. INE669C01036 | 2.07% |
| 12 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 2.00% |
| 13 | SBI Life Insurance Company Ltd. INE123W01016 | 1.92% |
| 14 | Bajaj Auto Limited INE917I01010 | 1.85% |
| 15 | Infosys Limited INE009A01021 | 1.72% |
| 16 | HCL Technologies Ltd. INE860A01027 | 1.52% |
| 17 | Tata Steel Ltd. INE081A01020 | 1.49% |
| 18 | Eicher Motors Ltd. INE066A01021 | 1.45% |
| 19 | Indusind Bank Ltd. INE095A01012 | 1.45% |
| 20 | Coal India Ltd. INE522F01014 | 1.44% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does HDFC Dividend Yield Fund hold?
HDFC Dividend Yield Fund holds 130 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.99% of NAV.
What is the largest holding in HDFC Dividend Yield Fund?
The largest position in HDFC Dividend Yield Fund is HDFC Bank Ltd.£, accounting for 5.29% of NAV in the Banks sector.
Is HDFC Dividend Yield Fund a concentrated or diversified fund?
With a Gini coefficient of 0.509, HDFC Dividend Yield Fund is moderately concentrated. The HHI concentration index is 16,910 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.99% of the portfolio.
What is the market cap allocation of HDFC Dividend Yield Fund?
Based on SEBI's AMFI classification, HDFC Dividend Yield Fund's equity portfolio is split as: Large Cap: 63.12%, Mid Cap: 10.21%, Small Cap: 22.91%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does HDFC Dividend Yield Fund invest in most?
HDFC Dividend Yield Fund has the highest allocation to Banks (20.42%), IT - Software (7.62%), Automobiles (6.45%). The fund is invested across 41 sectors in total.
How actively managed is HDFC Dividend Yield Fund compared to other Dividend Yield Fund funds?
HDFC Dividend Yield Fund has an Active Share of 47.89%, classifying it as "Balanced Approach" among 11 Dividend Yield Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in HDFC Dividend Yield Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, HDFC Dividend Yield Fund exited 1 stock (including Premier Energies Limited). Total holding count decreased from 133 to 132 stocks.