LIC MF Dividend Yield Fund
The fund maintains a pronounced banking tilt—representing roughly 22% of the portfolio through direct holdings and finance sectors—betting heavily on dividend yield from India's established financial sector. The sharp exit of Tata Steel and L&T signals the manager is pruning cyclicals in favor of steadier dividend payers, while the dramatic surge in Treps (likely a cash management instrument) suggests tactical caution. This repositioning indicates conviction that stability and income matter more than growth exposure right now, though the concentrated top-10 structure leaves limited diversification benefits.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹33.7862 | — | — | — | — |
| Regular Growth | ₹30.7490 | +2.84% | +1.89% | — | — |
| Direct IDCW | ₹33.7694 | — | — | — | — |
| Regular IDCW | ₹30.7484 | — | — | — | — |
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 | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 5.73% |
| 2 | Treps | 4.16% |
| 3 | ICICI Bank Ltd. INE090A01021 | 3.83% |
| 4 | Tata Consultancy Services Ltd. INE467B01029 | 3.09% |
| 5 | Axis Bank Ltd. INE238A01034 | 2.95% |
| 6 | NTPC Ltd. INE733E01010 | 2.81% |
| 7 | Garware Hi-Tech Films Ltd. INE291A01017 | 2.74% |
| 8 | Avalon Technologies Ltd. INE0LCL01028 | 2.41% |
| 9 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.28% |
| 10 | Bharat Electronics Ltd. INE263A01024 | 2.19% |
| 11 | Apollo Hospitals Enterprise Ltd. INE437A01024 | 2.09% |
| 12 | Allied Blenders And Distillers Ltd. INE552Z01027 | 2.07% |
| 13 | InterGlobe Aviation Ltd. INE646L01027 | 1.99% |
| 14 | Shriram Finance Ltd. INE721A01047 | 1.89% |
| 15 | LG Electronics India Ltd. INE324D01010 | 1.85% |
| 16 | Techno Electric & Engineering Co. Ltd. INE285K01026 | 1.82% |
| 17 | Pidilite Industries Ltd. INE318A01026 | 1.82% |
| 18 | Dee Development Engineers Ltd. INE841L01016 | 1.77% |
| 19 | Neuland Laboratories Ltd. INE794A01010 | 1.76% |
| 20 | Hindustan Unilever Ltd. INE030A01027 | 1.73% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does LIC MF Dividend Yield Fund hold?
LIC MF Dividend Yield Fund holds 61 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.41% of NAV.
What is the largest holding in LIC MF Dividend Yield Fund?
The largest position in LIC MF Dividend Yield Fund is HDFC Bank Ltd., accounting for 5.73% of NAV in the Banks sector.
Is LIC MF Dividend Yield Fund a concentrated or diversified fund?
With a Gini coefficient of 0.253, LIC MF Dividend Yield Fund is well-diversified. The HHI concentration index is 19,485 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.41% of the portfolio.
What is the market cap allocation of LIC MF Dividend Yield Fund?
Based on SEBI's AMFI classification, LIC MF Dividend Yield Fund's equity portfolio is split as: Large Cap: 44.76%, Mid Cap: 14.07%, Small Cap: 34.07%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does LIC MF Dividend Yield Fund invest in most?
LIC MF Dividend Yield Fund has the highest allocation to Banks (15.82%), Industrial Products (7.59%), Electrical Equipment (6.00%). The fund is invested across 31 sectors in total.
How actively managed is LIC MF Dividend Yield Fund compared to other Dividend Yield Fund funds?
LIC MF Dividend Yield Fund has an Active Share of 66.59%, 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 LIC MF Dividend Yield Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, LIC MF Dividend Yield Fund exited 5 stocks (including Tata Steel Ltd.). Total holding count decreased from 68 to 63 stocks.