HDFC Dividend Yield Fund
This is the Direct plan of HDFC Dividend Yield Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★☆☆3/5 vs 9 of 11 Dividend Yield Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Dividend Yield Fund (same plan and option). 9 of the 11 Dividend Yield Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +9.98% · ranks 7 of 9 Dividend Yield Funds
Volatility 14.2% vs 13.8% category avg
0.9% expense vs 1.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.87%) vs the Dividend Yield Fund average of 1.34%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- 1-year return (-3.29%) trails the Dividend Yield Fund average (-1.50%)
- 3-year return (+9.98%) trails the Dividend Yield Fund average (+11.92%)
- Weaker risk-adjusted returns — Sharpe 0.24 below the Dividend Yield Fund average of 0.38
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Dividend Yield Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.61% | -4.49% | -0.12% |
| 3M abs | -3.89% | -4.41% | +0.52% |
| 6M abs | +6.68% | +4.62% | +2.06% |
| 1Y CAGR | -3.29% | -1.50% | -1.79% |
| 3Y CAGR | +9.98% | +11.92% | -1.94% |
| 5Y CAGR | +12.10% | +12.04% | +0.06% |
Category average across peers in Dividend Yield Fund (up to 11 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 11 peers in Dividend Yield Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into HDFC Dividend Yield Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -5.23% | -7.18% | +1.95% | |
| 2025 | +4.43% | +7.94% | -3.51% | |
| 2024 | +17.62% | +16.43% | +1.19% | |
| 2023 | +39.88% | +27.43% | +12.45% | |
| 2022 | +8.58% | +4.34% | +4.24% | |
| 2021 | +44.24% | +31.59% | +12.65% | |
| 2020part | +0.72% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity98.62%
- Real Estate / REITs1.04%
- Cash & Equivalents0.34%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹5,781Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
HDFC Mutual Fund is run by HDFC Asset Management, part of the HDFC Bank group and listed on the exchanges since 2018. It has been in business since 1999, absorbed Zurich India's schemes in 2003, and is consistently among the two or three largest fund houses by assets.
Fund Managers
GAGopal AgrawalManaging since 01 Sep 2026
• B.E., • MBM • B.E (Jadavpur University)
Collectively over 22 years experience in Fund Management and 2.5 years in Equity Research • July 9, 2020 till Date: HDFC Asset Management Company Limited • July 23, 2018 till June 30, 2020: DSP Investment Managers Private Limited Last Position Held: Senior Fund Manager and Head-Macro strategy • April 03, 2017 till July 16, 2018: TATA Asset Management Company Limited Last Position Held: CIO-Equity • October 01, 2007 till March 31, 2017: Mirae Asset Global Investments (India) Pvt. Ltd.. Last Position Held: CIO-Equity and Chief Strategist
GAGopal AgrawalManaging since 01 Sep 2026
• B.E., • MBM • B.E (Jadavpur University)
Collectively over 22 years experience in Fund Management and 2.5 years in Equity Research • July 9, 2020 till Date: HDFC Asset Management Company Limited • July 23, 2018 till June 30, 2020: DSP Investment Managers Private Limited Last Position Held: Senior Fund Manager and Head-Macro strategy • April 03, 2017 till July 16, 2018: TATA Asset Management Company Limited Last Position Held: CIO-Equity • October 01, 2007 till March 31, 2017: Mirae Asset Global Investments (India) Pvt. Ltd.. Last Position Held: CIO-Equity and Chief Strategist
BKBhagyesh KagalkarManaging since 26 Aug 2026
• B.E (Production) Collectively • MMS (Finance)
over 31 years experience in Equity Research, investments and Finance • January 3, 2007 till Date: HDFC Asset Management Company Limited
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Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Dividend Yield funds
Dividend yield funds favour companies that pay consistent, above-average dividends. They tend to tilt toward established, cash-generative businesses.
From the blog
Frequently asked questions
What is the NAV of HDFC Dividend Yield Fund?
As of 05 Oct 2026, the NAV of HDFC Dividend Yield Fund is ₹25.70 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has HDFC Dividend Yield Fund delivered?
HDFC Dividend Yield Fund has returned -3.29% over 1 year, +9.98% per year over 3 years, +12.10% per year over 5 years and +17.68% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of HDFC Dividend Yield Fund?
HDFC Dividend Yield Fund charges an expense ratio of 0.87% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of HDFC Dividend Yield Fund?
HDFC Dividend Yield Fund's largest holdings are ICICI Bank Ltd. (5.6%), HDFC Bank Ltd. (4.8%), Axis Bank Ltd. (3.7%), Larsen and Toubro Ltd. (2.7%) and Bharti Airtel Ltd. (2.5%). Holdings are disclosed monthly and change over time.
How risky is HDFC Dividend Yield Fund?
HDFC Dividend Yield Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.2% and its worst peak-to-trough fall in our sample was -20.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.24 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. HDFC Dividend Yield Fund's 0.24 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of HDFC Dividend Yield Fund?
HDFC Dividend Yield Fund is benchmarked against the NIFTY 500 Index (Total Returns Index). Its alpha and beta on this page are measured against that index.
Who manages HDFC Dividend Yield Fund?
HDFC Dividend Yield Fund is managed by Gopal Agrawal, Gopal Agrawal and Bhagyesh Kagalkar at HDFC.
How is HDFC Dividend Yield Fund taxed?
HDFC Dividend Yield Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.