April 15, 2023
mayank
IDBI Dividend Yield Fund
NAV Growth: Rs 17.9800
NAV IDCW: Rs 17.9800
Suitable For Which Investors?
This is a fund that invests mainly in companies which have a high dividend yield, which is basically a financial ratio that indicates how much a company pays out in dividends each year relative to its share price.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long term capital appreciation and dividend distribution by investing predominantly in dividend yielding equity and equity related instruments.
Fund Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 21-Dec-18 |
| Return Since Launch | 15.09% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 84 Cr |
| (As on 31-Mar-2023) | |
| Expense | 1.50% |
| (As on 28-Feb-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 2.00% |
IDBI Dividend Yield Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Dividend Yld Dir | -1.26 | -0.28 | 1.93 | -0.88 | 1.52 | -0.61 | 24.44 | — | — | — |
| S&P BSE 500 TRI | -3.07 | 0.10 | 3.50 | -2.40 | 1.79 | 0.12 | 28.33 | — | — | — |
| Equity: Thematic-Dividend Yield | 1.02 | -0.29 | 2.09 | 0.54 | 6.16 | 3.41 | 29.92 | — | — | — |
| Rank within category | 8 | 7 | 7 | 7 | 8 | 7 | 6 | — | — | — |
| Number of funds in category | 8 | 9 | 8 | 8 | 8 | 8 | 6 | 5 | 5 | 4 |
IDBI Dividend Yield Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| IDBI Dividend Yld Dir | Unrated | -0.61 | 24.44 | — | 1.50 | 84 | 15.09 | 1.00 (365) | 4yrs 3mo | 2.00 |
| SBI Dividend Yld Dir | Unrated | — | — | — | — | 3,661 | 3.31 | 1.00 (365) | 0yrs 1mo | — |
| HDFC Dividend Yld Fund Dir | Unrated | 7.84 | — | — | 0.71 | 3,038 | 22.73 | 1.00 (365) | 2yrs 3mo | 11.26 |
| UTI Dividend Yield Dir | Unrated | -2.97 | 25.44 | 11.15 | 1.46 | 2,767 | 11.78 | 1.00 (364) | 10yrs 3mo | 13.00 |
| Templeton Ind Eqt Incm Dir | Unrated | 6.00 | 36.72 | 14.07 | 1.28 | 1,390 | 14.72 | 1.00 (365) | 10yrs 3mo | 26.34 |
Portfolio Analysis
| No. of Stocks | 38 |
| Top 10 Stocks | 45.82% |
| Top 5 Stocks | 27.94% |
| Top 3 Sectors | 49.15% |
| Portfolio P/B Ratio | 3.29 |
| Portfolio P/E Ratio | 22.35 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,20,550 | 1,31,277 |
| Giant (%) | 51.16 | 52.42 |
| Large (%) | 17.60 | 20.00 |
| Mid (%) | 28.64 | 20.70 |
| Small (%) | 2.60 | 6.88 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For IDBI Dividend Yield Fund
Do not invest in this, or any other dividend yield fund, if you need to redeem your investment in less than five years.
Apply Online: https://online.idbimutual.co.in/
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