ICICI Prudential Dividend Yield Equity Fund
The fund maintains a heavy financials tilt—banking stocks alone represent over 20 percent of the portfolio—positioning it to capture dividend flows from India's established blue-chip names. The concentrated top-10 weighting at 44.6 percent reflects the manager's conviction in quality dividend payers, though the recent swap from longer-dated to shorter-duration treasury bills and addition of HDFC Life signals a cautious tactical stance amid market conditions. The modest cash buffer and shift away from 364-day securities suggest the manager is preserving liquidity while staying defensively positioned in a yield-focused framework.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹58.9700 | -0.76% | +2.50% | +21.28% | +21.83% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive 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 |
|---|---|
| HDFC Life Insurance Company Ltd. | 0.61% |
| 182 Days Treasury Bills | 0.32% |
| 91 Days Treasury Bills | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 6.70% |
| 2 | ICICI Bank Ltd. INE090A01021 | 6.05% |
| 3 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 5.87% |
| 4 | Axis Bank Ltd. INE238A01034 | 4.58% |
| 5 | NTPC Ltd. INE733E01010 | 4.24% |
| 6 | TREPS | 4.11% |
| 7 | Reliance Industries Ltd. INE002A01018 | 3.90% |
| 8 | Maruti Suzuki India Ltd. INE585B01010 | 3.32% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 3.09% |
| 10 | Interglobe Aviation Ltd. INE646L01027 | 2.70% |
| 11 | Ultratech Cement Ltd. INE481G01011 | 2.47% |
| 12 | Bharti Airtel Ltd. INE397D01024 | 2.46% |
| 13 | Tata Consultancy Services Ltd. INE467B01029 | 2.40% |
| 14 | Avenue Supermarts Ltd. INE192R01011 | 2.25% |
| 15 | Cummins India Ltd. INE298A01020 | 2.22% |
| 16 | Britannia Industries Ltd. INE216A01030 | 1.97% |
| 17 | Central Mine Planning & Design Institute Limited INE05HV01027 | 1.96% |
| 18 | Rural Electrification Corporation Ltd. INE020B01018 | 1.94% |
| 19 | Infosys Ltd. INE009A01021 | 1.89% |
| 20 | Bajaj Holdings & Investment Ltd. INE118A01012 | 1.88% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Dividend Yield Equity Fund hold?
ICICI Prudential Dividend Yield Equity Fund holds 74 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 27.43% of NAV.
What is the largest holding in ICICI Prudential Dividend Yield Equity Fund?
The largest position in ICICI Prudential Dividend Yield Equity Fund is HDFC Bank Ltd., accounting for 6.70% of NAV in the Banks sector.
Is ICICI Prudential Dividend Yield Equity Fund a concentrated or diversified fund?
With a Gini coefficient of 0.529, ICICI Prudential Dividend Yield Equity Fund is moderately concentrated. The HHI concentration index is 27,457 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 27.43% of the portfolio.
What is the market cap allocation of ICICI Prudential Dividend Yield Equity Fund?
Based on SEBI's AMFI classification, ICICI Prudential Dividend Yield Equity Fund's equity portfolio is split as: Large Cap: 71.95%, Mid Cap: 10.77%, Small Cap: 7.99%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Dividend Yield Equity Fund invest in most?
ICICI Prudential Dividend Yield Equity Fund has the highest allocation to Banks (20.21%), Pharmaceuticals & Biotechnology (6.44%), It - Software (6.24%). The fund is invested across 30 sectors in total.
How actively managed is ICICI Prudential Dividend Yield Equity Fund compared to other Dividend Yield Fund funds?
ICICI Prudential Dividend Yield Equity Fund has an Active Share of 53.53%, classifying it as "Active Stock Picker" among 11 Dividend Yield Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ICICI Prudential Dividend Yield Equity Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Dividend Yield Equity Fund added 3 new stocks (including HDFC Life Insurance Company Ltd.) and exited 1 stock (including 364 Days Treasury Bills). Total holding count increased from 75 to 77 stocks.