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This Dividend Yield Fund Has Given Up To 42.08% SIP Returns In 3 Years, SIP Starts At Rs 500
A number of investors who invest in equities via mutual funds look for dividends. Such investors invest in a dividend yield fund, a specific kind of mutual fund. These funds invest in equities with the goal of generating a greater dividend yield. However, these funds carry high risk even when the market is performing well. In this, article, we have given insights into one such dividend yield fund. This fund has outperformed the category average in 3 years. Check out the details to know more.
IDBI Dividend Yield Fund - Direct Plan-Growth
This Dividend Yield yield fund was 21 December 2018. The fund is from IDBI Mutual Fund. It is an open-ended small fund in its category. It has worth Rs 94.35 Core-Asset under Management. The Net Asset Value of this declared on 28th April 2022 is Rs 17.79. The expense ratio is 1.55%, which is higher than its category average returns.
It is a highly risky fund for investment. However, it has offered promising returns in the last 3 years. The minimum investment amount required for this fund is Rs 5,000. Whereas, for SIP it is Rs 500. No lock-in period is applicable in this fund. However, it charges 1% on redemption on the excess of 10% of investment within 365 days or 1 Year.
Absolute And Annualised Returns
Lump-Sum Investment Returns
Since its launch, it has delivered 18.74% average annual returns.
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 21.68% | 21.68% |
| 2 Year | 85.70% | 36.27% |
| 3 Year | 73.22% | 20.04% |
| Since Inception | 77.90% | 18.74% |
SIP Returns
| Tenure | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 5.89% | 11.08% |
| 2 Year | 27.37% | 25.20% |
| 3 Year | 42.08% | 24.19% |
Portfolio
This fund has 98.53% investment in equities of which 63.04% is in large-cap stocks, 18.41% is in mid-cap stocks, and 17.08% is in small-cap stocks. The fund has the majority of its money invested in the Technology, Energy, Automobile, Financial, and Metals & Mining sectors. The fund's top holdings are in Infosys Ltd., Tata Consultancy Services Ltd., Carborundum Universal Ltd., and Power Grid Corp. Of India Ltd., and Atul Ltd.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
