This Newly Launched Dividend Yield Fund Outperformed Category Average, Given Up To 35% Returns

Certain mutual funds provide their investors with significant returns in the form of dividends yielded on the shares. These funds solely invest in firms with considerably high dividend-paying equities, allowing the fund managers to extract the most value from their assets. One such fund we have highlighted here. This fund is new. Although, the fund has offered good returns, outperformed the category average.

HDFC Dividend Yield Fund - Direct Plan-Growth

Launched on 18 December 2020 by the HDFC Mutual Fund, this mutual fund offered better than the category average returns. This dividend yield fund is an open-ended medium-sized fund of its category. The fund's Asset Under Management is Rs 2743.94 Crore. The NAV declared on 08th April 2022 is Rs 15.031. It has an expense ratio of 0.37%, which is below its category average. 

This is a highly risky fund. Its benchmark is Nifty 500 TRI. This fund has no lock-in period. It has a 1% exit load if redeemed within 1 year. For investment in this fund, the minimum amount required is Rs 5,000. For SIP the minimum investment required for the investment is Rs 500. 

Absolute And Annualised Returns

Lump-Sum Investment Returns

This fund, since its launch, has delivered 36.68% average annual returns.

Investment Period	Absolute Returns	Annualised Returns	Category Avg
1 Year	35.00%	35.00%	28.78%
Since Inception	50.31%	36.33%	17.91%

SIP Returns

SIP Period	Absolute Returns	Annualised Returns
1 Year	13.10%	25.17%

Portfolio

The fund invests 98.86 per cent of its assets in Indian stocks, with 65.15 per cent in large-cap stocks, 10.35 per cent in mid-cap stocks, and 15.85 per cent in small-cap equities.

The majority of the fund's assets are invested in the financial, technology, consumer staples, energy, and services sectors. In comparison to other funds in the category, it has acquired less exposure in the financial and technology industries.

Infosys Ltd., Hindustan Unilever Ltd., Tech Mahindra Ltd., Tata Consultancy Services Ltd., and ITC Ltd. are among the fund's top holdings.

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.