This Equity Dividend Yield Fund Ticked 43.04% In 1 Year, Good For SIP In 2022

Dividend Yield funds help to diversify one's portfolio by investing in equities of companies that pay rising dividends regularly over time. If you're new to the stock market, you might want to look into dividend yield ETFs. Dividend Yield can be used to augment pension income, particularly if you are retired and want to maintain a higher quality of life. If you desire a regular stream of dividend income, you might want to look at dividend yield funds. We've identified a dividend yield fund from the ICICI Prudential Mutual Fund House that has shown solid performance in its category over the past year.

ICICI Prudential Dividend Yield Fund- Direct Plan - Growth

NAV	Fund Size	Expense Ratio
Rs 29.08	Rs 685.02 Cr	1.39%

NAV as on 11 February 2022

The ICICI Prudential Dividend Yield Equity Fund-Growth is an ICICI Prudential Mutual Fund Dividend Yield mutual fund plan. It is a category-specific medium-sized fund. It was launched on 25 April 2014. Under the fund's Direct Plan-Growth, AUM stood at Rs 685 Cr as of 31 December 2021. The fund has an expense ratio of 1.39%, which is almost parallel to its category average expense ratio of 1.38%. In the last 1 year, the fund has generated 43.04% of returns, which is higher than its category average in the 1-year horizon. Since its inception, the fund has generated 14.77 % average annual returns, which is less compared to its category annual average returns of 17.77%. However, every 2 years, the fund has doubled the invested money. One can start to SIP with a minimum investment of Rs 1,000. There's is no lock-in period for this fund.

The fund's Direct Plan -Growth's ability to offer returns is consistently in-line with most funds of its category. However, it has an average capacity to control losses in a sinking market. Mutual Funds investors who have a strong understanding of macro trends seek to make a selective bet for better higher returns than other Equity funds could invest in the fund. However, the fund is highly risky on the risk meter, and investors could face capital loss as well. The fund does not guarantee returns.

Investment Returns

Lump Sum Investment Returns 

On investment of Rs 10,000

Period Invested for	Absolute Returns	Annualised Returns	Category Avg
1 Year	43.04%	43.04%	30.53%
2 Year	76.67%	32.87%	27.42%
3 Year	81.52%	21.96%	20.88%
5 Year	94.13%	14.17%	14.67%
Since Inception	190.80%	14.77%	17.50%

SIP Investment Returns

On investment of Rs 1,000

Period Invested for	Absolute Returns	Annualised Returns
1 Year	18.59%	35.85%
2 Year	55.45%	48.80%
3 Year	62.32%	34.02%
5 Year	64.96%	20.08%

Portfolio

The fund's 88.48 investments are in Indian equities, out of which 69.47% are in large-cap stocks, 2.9% in mid-cap stocks, and 9.15% in small-cap stocks. The Technology, Financial, Energy, Automobile, and Construction sectors account for the majority of the fund's assets. Infosys Ltd., Axis Bank Ltd., Larsen & Toubro Ltd., HCL Technologies Ltd., and Sun Pharmaceutical Inds. Ltd. are the fund's top five holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, Terms and Conditions carefully before investing. The above-mentioned information is purely informational and carried forward from MoneyControl. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.