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5 Best Dividend Yield Funds to Invest in 2019
When spoken about dividend yield funds, many investors at first glance think that these funds pay good dividends. But, that’s not these funds stand for. These funds are a part of equity Mutual Funds that invest their major portion of the corpus in dividend yielding stocks. In other words, these funds invest in companies that pay an above-average dividend regularly. As per SEBI norms, the dividend yield fund schemes should invest a minimum 65 percent of its assets in equities, but in dividend yielding stocks.
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What are Dividend Yield Funds?
The fund manager of the dividend yield fund tends to invest in companies that have constant cash flows and are in a position to pay dividend regularly and at a stable rate. During a downturn, such companies don’t usually reduce its dividend.
Therefore, such investments make the funds less volatile compared with their growth-oriented peers. The volatility of these funds, on an average, is lower than both large-cap and multi-cap funds.
A dividend yield fund invests its corpus in stocks that have a dividend yield higher than the average dividend yield of the market. One can say it can be higher than the Nifty 50 or the Sensex. The remaining portion of the fund; that’s 35 percent of the portfolio can be invested in any stock.
If looked at its drawbacks, dividend yield funds likely underperform the growth funds in the rising market. Ideally, these funds are suitable for conservative investors who want to invest in Equity Funds. Dividend yield funds are less volatile and tend to give good risk-adjusted returns over the long-run.
Top 5 Best Dividend Yield Funds to Invest in FY 19 - 20
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Templeton India Equity Income Fund Growth ₹43.7585
↓ -0.01 ₹953 -3.2 0.2 -7 6.6 7.4 -8.6 Principal Dividend Yield Fund Growth ₹49.07
↓ -0.13 ₹202 -4.6 -1.4 -9.7 8.4 8.9 -5.2 ICICI Prudential Dividend Yield Equity Fund Growth ₹15.05
↓ -0.04 ₹184 -7.8 -0.7 -14 4.4 6.1 -11.9 UTI Dividend Yield Fund Growth ₹61.5774
↑ 0.08 ₹2,413 -2.3 -0.1 -6.8 7.5 7.2 0.5 Aditya Birla Sun Life Dividend Yield Fund Growth ₹147.21
↑ 0.26 ₹782 -3 -0.7 -15.7 1 4 -14.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Aug 19
Why Should you Invest in Dividend Yield Mutual Funds?
A dividend yield strategy is a tool to identify value stocks. As said earlier, the fund manager of these funds tends to invest in firms that have stable cash flows. Usually, these funds have a history of paying high dividends and also sound fundamentals. These companies tend to manage good deliveries across business and economic cycles and exhibit minimal volatility, especially in bear markets. Investors who are planning to invest in dividend yield funds should look at the dividend pay-out history of the fund and see if it has paid dividends consistently.
An Open-end diversified equity fund that seek to provide a combination of regular income and long term capital appreciation by investing primarily in stocks that have a current on potentially attractive dividend yield. Templeton India Equity Income Fund is a Equity - Dividend Yield fund was launched on 18 May 06. It is a fund with Moderately High risk and has given a Below is the key information for Templeton India Equity Income Fund Returns up to 1 year are on The investment objective of the scheme would be to provide capital appreciation and/or dividend distribution by investing predominantly in a well-diversified portfolio of companies that have a relatively high dividend yield. Principal Dividend Yield Fund is a Equity - Dividend Yield fund was launched on 15 Oct 04. It is a fund with Moderately High risk and has given a Below is the key information for Principal Dividend Yield Fund Returns up to 1 year are on The investment objective of ICICI Prudential Dividend Yield Equity Fund is to provide medium to long term capital gains and/or dividend distribution by investing in a well diversified portfolio of predominantly equity and equity related instruments, which offer attractive dividend yield ICICI Prudential Dividend Yield Equity Fund is a Equity - Dividend Yield fund was launched on 16 May 14. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Dividend Yield Equity Fund Returns up to 1 year are on (Erstwhile UTI - Dividend Yield Fund) The investment objective of the scheme is to provide medium to long term capital gains and/ or dividend distribution by investing predominantly in equity and equity related instruments which offer high dividend yield. There can be no assurance that the investment objectives of the scheme will be realised. UTI Dividend Yield Fund is a Equity - Dividend Yield fund was launched on 3 May 05. It is a fund with Moderately High risk and has given a Below is the key information for UTI Dividend Yield Fund Returns up to 1 year are on (Erstwhile Aditya Birla Sun Life Dividend Yield Plus) An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield. Aditya Birla Sun Life Dividend Yield Fund is a Equity - Dividend Yield fund was launched on 26 Feb 03. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Dividend Yield Fund Returns up to 1 year are on 1. Templeton India Equity Income Fund
CAGR/Annualized return of 11.8% since its launch. Ranked 46 in Dividend Yield category. Return for 2018 was -8.6% , 2017 was 34.1% and 2016 was 9.4% . Templeton India Equity Income Fund
Growth Launch Date 18 May 06 NAV (16 Aug 19) ₹43.7585 ↓ -0.01 (-0.01 %) Net Assets (Cr) ₹953 on 30 Jun 19 Category Equity - Dividend Yield AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio -0.18 Information Ratio -0.51 Alpha Ratio -6.46 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹11,503 31 Jul 16 ₹12,092 31 Jul 17 ₹14,877 31 Jul 18 ₹16,039 31 Jul 19 ₹14,976 Returns for Templeton India Equity Income Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -4.9% 3 Month -3.2% 6 Month 0.2% 1 Year -7% 3 Year 6.6% 5 Year 7.4% 10 Year 15 Year Since launch 11.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.6% 2017 34.1% 2016 9.4% 2015 -1.6% 2014 38.5% 2013 3.7% 2012 36.1% 2011 -23.7% 2010 24.1% 2009 104.2% Fund Manager information for Templeton India Equity Income Fund
Name Since Tenure Anand Radhakrishnan 1 Jan 19 0.41 Yr. Srikesh Nair 30 Sep 16 2.67 Yr. Lakshmikanth Reddy 1 Jan 19 0.41 Yr. Data below for Templeton India Equity Income Fund as on 30 Jun 19
Equity Sector Allocation
Sector Value Financial Services 22.68% Consumer Cyclical 13.66% Technology 12.9% Utility 11.49% Basic Materials 9.76% Health Care 7.04% Energy 6.31% Consumer Defensive 4.9% Industrials 4.04% Real Estate 1.69% Asset Allocation
Asset Class Value Equity 94.47% Other 5.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK7% ₹68 Cr 1,604,200 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 14 | HDFCBANK7% ₹64 Cr 283,200 Infosys Ltd (Technology)
Equity, Since 30 Apr 13 | INFY5% ₹49 Cr 615,444 NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 5325554% ₹40 Cr 3,150,145
↑ 500,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jan 19 | 5328983% ₹32 Cr 1,509,054 Xinyi Solar Holdings Ltd (Technology)
Equity, Since 31 Oct 16 | 009683% ₹31 Cr 8,075,983
↑ 86,045 Gujarat State Petronet Ltd (Utilities)
Equity, Since 31 Jan 19 | 5327023% ₹26 Cr 1,224,255 Tata Chemicals Ltd (Basic Materials)
Equity, Since 28 Feb 07 | 5007703% ₹25 Cr 434,134 Tata Investment Corp Ltd (Financial Services)
Equity, Since 28 Feb 07 | 5013013% ₹23 Cr 284,585 Finolex Industries Ltd (Consumer Cyclical)
Equity, Since 31 Jan 19 | FINPIPE2% ₹22 Cr 419,757 2. Principal Dividend Yield Fund
CAGR/Annualized return of 11.3% since its launch. Ranked 37 in Dividend Yield category. Return for 2018 was -5.2% , 2017 was 46.6% and 2016 was 7.2% . Principal Dividend Yield Fund
Growth Launch Date 15 Oct 04 NAV (16 Aug 19) ₹49.07 ↓ -0.13 (-0.26 %) Net Assets (Cr) ₹202 on 30 Jun 19 Category Equity - Dividend Yield AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 0.04 Information Ratio 0.02 Alpha Ratio -2.12 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹11,585 31 Jul 16 ₹11,986 31 Jul 17 ₹14,992 31 Jul 18 ₹16,916 31 Jul 19 ₹15,479 Returns for Principal Dividend Yield Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -4.6% 3 Month -4.6% 6 Month -1.4% 1 Year -9.7% 3 Year 8.4% 5 Year 8.9% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 -5.2% 2017 46.6% 2016 7.2% 2015 -3.4% 2014 44.9% 2013 -5.3% 2012 41.9% 2011 -26.8% 2010 24.7% 2009 78.5% Fund Manager information for Principal Dividend Yield Fund
Name Since Tenure Dhimant Shah 30 Dec 11 7.09 Yr. Data below for Principal Dividend Yield Fund as on 30 Jun 19
Equity Sector Allocation
Sector Value Technology 20.22% Consumer Defensive 18.54% Basic Materials 15.18% Financial Services 14.85% Consumer Cyclical 9.63% Energy 7.12% Industrials 5.89% Utility 4.2% Health Care 1.01% Asset Allocation
Asset Class Value Cash 3.33% Equity 96.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 14 | 5006967% ₹15 Cr 83,980 ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 09 | ITC6% ₹12 Cr 432,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS6% ₹12 Cr 51,900 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹8 Cr 108,000 Reliance Industries Ltd (Energy)
Equity, Since 29 Feb 12 | RELIANCE4% ₹7 Cr 57,690 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | 5329773% ₹7 Cr 23,700
↓ -6,090 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK3% ₹7 Cr 153,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | HDFCBANK3% ₹7 Cr 26,900 Tech Mahindra Ltd (Technology)
Equity, Since 31 Aug 18 | 5327553% ₹6 Cr 87,109 Treps 01-Jul-2019
CBLO/Reverse Repo | -3% ₹5 Cr 3. ICICI Prudential Dividend Yield Equity Fund
CAGR/Annualized return of 8.1% since its launch. Ranked 38 in Dividend Yield category. Return for 2018 was -11.9% , 2017 was 40.7% and 2016 was 9.7% . ICICI Prudential Dividend Yield Equity Fund
Growth Launch Date 16 May 14 NAV (16 Aug 19) ₹15.05 ↓ -0.04 (-0.27 %) Net Assets (Cr) ₹184 on 30 Jun 19 Category Equity - Dividend Yield AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.41 Sharpe Ratio -0.16 Information Ratio -0.59 Alpha Ratio -5.88 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹11,208 31 Jul 16 ₹11,876 31 Jul 17 ₹15,491 31 Jul 18 ₹15,509 31 Jul 19 ₹14,058 Returns for ICICI Prudential Dividend Yield Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -6.9% 3 Month -7.8% 6 Month -0.7% 1 Year -14% 3 Year 4.4% 5 Year 6.1% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 2018 -11.9% 2017 40.7% 2016 9.7% 2015 -5.2% 2014 2013 2012 2011 2010 2009 Fund Manager information for ICICI Prudential Dividend Yield Equity Fund
Name Since Tenure Mrinal Singh 16 May 14 4.72 Yr. Mittul Kalawadia 29 Jan 18 1.01 Yr. Data below for ICICI Prudential Dividend Yield Equity Fund as on 30 Jun 19
Equity Sector Allocation
Sector Value Technology 17.97% Industrials 16.01% Consumer Defensive 15.11% Energy 13.33% Financial Services 11.01% Utility 10.75% Basic Materials 9.01% Health Care 0.85% Consumer Cyclical 0.28% Asset Allocation
Asset Class Value Cash 10.11% Equity 89.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | 53255510% ₹16 Cr 1,277,879 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | ITC9% ₹16 Cr 579,042 Gujarat Pipavav Port Ltd (Industrials)
Equity, Since 31 Mar 18 | 5332488% ₹14 Cr 1,814,575 Infosys Ltd (Technology)
Equity, Since 31 May 14 | INFY7% ₹12 Cr 153,082
↓ -98,357 Treps
CBLO/Reverse Repo | -5% ₹9 Cr Cummins India Ltd (Industrials)
Equity, Since 31 May 14 | 5004805% ₹8 Cr 115,192 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 May 18 | HINDPETRO5% ₹8 Cr 301,878 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | 5006964% ₹7 Cr 41,485
↑ 41,485 Tata Chemicals Ltd (Basic Materials)
Equity, Since 31 May 14 | 5007704% ₹7 Cr 114,280 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 19 | TCS3% ₹6 Cr 25,757
↑ 25,757 4. UTI Dividend Yield Fund
CAGR/Annualized return of 13.6% since its launch. Ranked 75 in Dividend Yield category. Return for 2018 was 0.5% , 2017 was 28.5% and 2016 was 6.1% . UTI Dividend Yield Fund
Growth Launch Date 3 May 05 NAV (16 Aug 19) ₹61.5774 ↑ 0.08 (0.13 %) Net Assets (Cr) ₹2,413 on 30 Jun 19 Category Equity - Dividend Yield AMC UTI Asset Management Company Ltd Rating ☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.17 Information Ratio -0.89 Alpha Ratio -0.58 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹11,416 31 Jul 16 ₹11,454 31 Jul 17 ₹13,646 31 Jul 18 ₹15,055 31 Jul 19 ₹14,347 Returns for UTI Dividend Yield Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -3.1% 3 Month -2.3% 6 Month -0.1% 1 Year -6.8% 3 Year 7.5% 5 Year 7.2% 10 Year 15 Year Since launch 13.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 0.5% 2017 28.5% 2016 6.1% 2015 -5.1% 2014 41.2% 2013 0.2% 2012 22.4% 2011 -17.5% 2010 24.3% 2009 85.8% Fund Manager information for UTI Dividend Yield Fund
Name Since Tenure Swati Kulkarni 1 Dec 05 13.18 Yr. Data below for UTI Dividend Yield Fund as on 30 Jun 19
Equity Sector Allocation
Sector Value Technology 31.11% Consumer Defensive 13.43% Financial Services 10.54% Basic Materials 10.47% Utility 9.57% Energy 7.87% Industrials 7.09% Health Care 4.01% Consumer Cyclical 3.31% Communication Services 0.86% Asset Allocation
Asset Class Value Cash 1.7% Equity 98.24% Other 0.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY10% ₹231 Cr 3,150,000
↓ -36,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 08 | TCS6% ₹146 Cr 657,000 Tech Mahindra Ltd (Technology)
Equity, Since 31 May 17 | 5327555% ₹131 Cr 1,858,500 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 07 | ICICIBANK5% ₹128 Cr 2,925,000
↓ -720,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 07 | ITC5% ₹128 Cr 4,662,000 Mphasis Ltd (Technology)
Equity, Since 31 Mar 14 | 5262995% ₹121 Cr 1,206,000 NIIT Technologies Ltd (Technology)
Equity, Since 31 May 06 | 5325414% ₹93 Cr 693,000 GAIL (India) Ltd (Utilities)
Equity, Since 30 Sep 07 | 5321553% ₹75 Cr 2,400,000 NTPC Ltd (Utilities)
Equity, Since 31 Jul 05 | 5325553% ₹71 Cr 5,032,800 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 12 | 5006962% ₹60 Cr 333,000 5. Aditya Birla Sun Life Dividend Yield Fund
CAGR/Annualized return of 17.7% since its launch. Ranked 73 in Dividend Yield category. Return for 2018 was -14.6% , 2017 was 33.2% and 2016 was 2.6% . Aditya Birla Sun Life Dividend Yield Fund
Growth Launch Date 26 Feb 03 NAV (16 Aug 19) ₹147.21 ↑ 0.26 (0.18 %) Net Assets (Cr) ₹782 on 30 Jun 19 Category Equity - Dividend Yield AMC Birla Sun Life Asset Management Co Ltd Rating ☆ Risk Moderately High Expense Ratio 2.52 Sharpe Ratio -0.43 Information Ratio -1.27 Alpha Ratio -9.89 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹11,889 31 Jul 16 ₹11,739 31 Jul 17 ₹14,239 31 Jul 18 ₹14,173 31 Jul 19 ₹12,198 Returns for Aditya Birla Sun Life Dividend Yield Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 19 Duration Returns 1 Month -4.5% 3 Month -3% 6 Month -0.7% 1 Year -15.7% 3 Year 1% 5 Year 4% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 -14.6% 2017 33.2% 2016 2.6% 2015 -5.5% 2014 55.8% 2013 -3% 2012 29.4% 2011 -18.8% 2010 29.8% 2009 89.7% Fund Manager information for Aditya Birla Sun Life Dividend Yield Fund
Name Since Tenure Satyabrata Mohanty 16 Jul 15 3.55 Yr. Vineet Maloo 15 Jan 14 5.05 Yr. Data below for Aditya Birla Sun Life Dividend Yield Fund as on 30 Jun 19
Equity Sector Allocation
Sector Value Financial Services 16.97% Basic Materials 16.22% Consumer Cyclical 13.01% Technology 12.17% Utility 10.75% Consumer Defensive 10.25% Industrials 7.42% Health Care 7.15% Energy 4.32% Asset Allocation
Asset Class Value Cash 1.72% Equity 98.28% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Jun 11 | INFY5% ₹39 Cr 533,000 ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC4% ₹33 Cr 1,200,000 Sanofi India Ltd (Healthcare)
Equity, Since 31 Mar 15 | 5006744% ₹28 Cr 50,431 Coal India Ltd (Basic Materials)
Equity, Since 31 Oct 18 | COALINDIA4% ₹28 Cr 1,104,300
↓ -120,700 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | HEROMOTOCO3% ₹25 Cr 95,000
↓ -12,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | HDFCBANK3% ₹24 Cr 100,000 NTPC Ltd (Utilities)
Equity, Since 31 Dec 18 | 5325553% ₹24 Cr 1,682,400 Orient Refractories Ltd (Industrials)
Equity, Since 31 Mar 14 | 5340763% ₹20 Cr 971,896 Mahanagar Gas Ltd (Utilities)
Equity, Since 30 Jun 16 | MGL2% ₹19 Cr 225,635 ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Aug 17 | ICICIPRULI2% ₹18 Cr 476,000
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