SBI Dividend Yield Fund
This dividend yield fund maintains a classic large-cap defensive posture, anchored heavily in banks and financial services, which together account for roughly one-fifth of holdings. The manager's recent actions—trimming HDFC Bank despite its pedigree, adding NTPC and Kotak while exiting insurance-linked positions—suggest a tactical shift toward energy and stronger dividend stability amid rate expectations. With over 39 percent concentrated in just ten names, the portfolio trades diversification for conviction in blue-chip dividend payers, a bet suited to patient income-focused investors willing to accept moderate concentration risk.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹14.9204 | -0.94% | +0.62% | +12.43% | — |
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 |
|---|---|
| Kotak Mahindra Bank Ltd. | 2.01% |
| NTPC Ltd. | 1.64% |
| Biocon Ltd. | 1.41% |
| Aurobindo Pharma Ltd. | 1.07% |
| Vedanta Aluminium Metal Ltd. | 0.40% |
| Vedanta Iron and Steel Ltd. | 0.40% |
| Talwandi Sabo Power Ltd. | 0.40% |
| Malco Energy Ltd. | 0.40% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 6.08% |
| 2 | Larsen & Toubro Ltd. INE018A01030 | 5.40% |
| 3 | State Bank of India INE062A01020 | 4.59% |
| 4 | HDFC Bank Ltd. INE040A01034 | 4.50% |
| 5 | Infosys Ltd. INE009A01021 | 4.07% |
| 6 | Oil & Natural Gas Corporation Ltd. INE213A01029 | 3.54% |
| 7 | Tata Consultancy Services Ltd. INE467B01029 | 3.31% |
| 8 | GAIL (India) Ltd. INE129A01019 | 2.91% |
| 9 | Maruti Suzuki India Ltd. INE585B01010 | 2.37% |
| 10 | Nexus Select Trust INE0NDH25011 | 2.22% |
| 11 | Schaeffler India Ltd. INE513A01022 | 2.21% |
| 12 | Interglobe Aviation Ltd. INE646L01027 | 2.15% |
| 13 | Cholamandalam Investment & Finance Co. Ltd. INE121A01024 | 2.12% |
| 14 | Axis Bank Ltd. INE238A01034 | 2.11% |
| 15 | Nestle India Ltd. INE239A01024 | 2.10% |
| 16 | National Aluminium Company Ltd. INE139A01034 | 2.02% |
| 17 | Kotak Mahindra Bank Ltd. INE237A01036 | 2.01% |
| 18 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 1.94% |
| 19 | Tech Mahindra Ltd. INE669C01036 | 1.91% |
| 20 | The Great Eastern Shipping Co. Ltd. INE017A01032 | 1.82% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does SBI Dividend Yield Fund hold?
SBI Dividend Yield Fund holds 54 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 24.64% of NAV.
What is the largest holding in SBI Dividend Yield Fund?
The largest position in SBI Dividend Yield Fund is ICICI Bank Ltd., accounting for 6.08% of NAV in the Banks sector.
Is SBI Dividend Yield Fund a concentrated or diversified fund?
With a Gini coefficient of 0.340, SBI Dividend Yield Fund is well-diversified. The HHI concentration index is 26,112 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 24.64% of the portfolio.
What is the market cap allocation of SBI Dividend Yield Fund?
Based on SEBI's AMFI classification, SBI Dividend Yield Fund's equity portfolio is split as: Large Cap: 65.32%, Mid Cap: 13.66%, Small Cap: 8.21%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does SBI Dividend Yield Fund invest in most?
SBI Dividend Yield Fund has the highest allocation to Banks (20.49%), IT - Software (9.29%), Pharmaceuticals & Biotechnology (8.40%). The fund is invested across 25 sectors in total.
How actively managed is SBI Dividend Yield Fund compared to other Dividend Yield Fund funds?
SBI Dividend Yield Fund has an Active Share of 57.28%, 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 SBI Dividend Yield Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, SBI Dividend Yield Fund added 8 new stocks (including Kotak Mahindra Bank Ltd.) and exited 2 stocks (including Abbott India Ltd.). Total holding count increased from 50 to 56 stocks.