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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹14.8181 | +0.13% | -4.55% | -4.19% | +1.44% | +12.35% | — |
Portfolio Metrics(latest month)
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.