HDFC Dividend Yield Fund
HDFC Mutual Fund·Dividend Yield Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹23.9510 | +1.32% | -3.25% | -5.96% | -0.82% | +14.81% | +16.32% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
130
Top 5 Weight
18.99%
Top 10 Weight
30.10%
Active Share
—
Large Cap
63.12%
Gini
0.509
What Changed2026-03-31 → 2026-04-30
Holdings: 133 → 132+0 added−1 removed20 weight shifts ≥ 0.1%
| 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
Banks20.4%
IT - Software7.6%
Automobiles6.5%
Pharmaceuticals & Biotechnology5.8%
Finance4.8%
Telecom - Services3.9%
Construction3.8%
Power3.8%
Petroleum Products3.7%
Industrial Products3.5%
Top 10 sectors by % to NAV. Excludes derivatives.