March 28, 2026
RA Jainee
UTI Dividend Yield Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 183.34 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 38.48 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 1 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 3,880 Cr |
| Â | (As on 28-Feb-2026) |
| Expense | 1.45% |
| 1 Year Return (%) | 8.25 |
| 3 Year Return (%) | 18.94 |
| 5 Year Return (%) | 15.53 |
| 10 Year Return (%) | 15.40 |
| Return Since Launch | 13.35% |
⚖️ Sahifund Review – UTI Dividend Yield Fund ✔
PLUS: Stability, track record, cost efficiency
UTI Dividend Yield Fund has demonstrated strong long-term consistency, delivering ~15% CAGR over 5 and 10 years, which is impressive for a relatively defensive category. The fund has also outperformed its benchmark across multiple time frames, indicating disciplined stock selection. Its portfolio focuses on high dividend-yielding, cash-generating companies, which adds a layer of stability during volatile markets. With a moderate diversification of 50+ stocks and controlled concentration, the fund maintains a good balance between risk and return. The low turnover (~18%) reflects a stable, long-term investment approach. Backed by the legacy of UTI Mutual Fund, it carries strong fund house credibility. The category is relevant for investors seeking a blend of income + capital appreciation, especially through SIP-based investing.
MINUS: Large AUM, large-cap bias, momentum lag
The biggest drawback is the high expense ratio of 1.45%, which is significantly higher than several better-performing peers. Despite decent returns, the fund has not consistently led the category, especially compared to ICICI Prudential Dividend Yield Fund. The portfolio has a clear large-cap bias (~70%), which can limit upside during mid and small-cap rallies. The 1-year performance (8.25%) is only average, indicating moderate recent momentum. Dividend yield strategies tend to be defensive in nature, which can lead to underperformance in strong bull markets. Additionally, such funds may lean towards mature businesses with limited high-growth potential, affecting long-term alpha.
Sahifund View (Decisive Line):
A stable and income-oriented equity fund, ideal for conservative SIP investors, but high cost and moderate alpha make it less attractive versus better-performing alternatives.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.Â
Suitable For Which Investors?Â
Dividend Yield funds are suitable for investors:Â
1. Seeking exposure in shares of companies with high dividend yield for high returnsÂ
2. Aiming for long term wealth creationÂ
3. With a 5+ year investment horizonÂ
4. Who are at ease with the market’s ups and downsÂ
Note:Â
• Invest only through SIPÂ
Fund’s Investment Strategy:Â
The scheme seeks to generate long term capital appreciation and income by investing predominantly in dividend yielding equity and equity related securities.Â
Fund Manager:Â
1) Amit Kumar PremchandaniÂ
Education: Mr. Premchandani is a Chartered Accountant, MBA and CFA degree holder.Â
Experience: Prior to joining UTI Mutual Fund, he has worked in Deutsche Equities India, JP Morgan and Peerless General Finance and Investment. In UTI he has been associated with Dept. of Securities Research and Dept. of Fund Management for more than 11 years.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 364 days |
Basic Details of UTI Dividend Yield Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 13.35% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 3,880 Cr |
| Â | (As on 28-Feb-2026) |
| Expense | 1.45% |
| Â | (As on 28-Feb-2026) |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 18.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Dividend Yield Dir | -7.05 | 0.13 | -7.09 | -6.00 | -5.10 | 8.25 | 18.94 | 15.53 | 15.26 | 15.40 |
| BSE 500 TRI | -9.98 | 0.47 | -8.44 | -8.85 | -7.98 | 7.02 | 15.19 | 12.41 | 13.56 | 14.47 |
| Equity: Thematic-Dividend Yield | -7.46 | 0.24 | -7.18 | -6.28 | -5.13 | 8.56 | 18.50 | 16.85 | 16.40 | 16.05 |
| Rank within category | 3 | 8 | 5 | 4 | 7 | 4 | 3 | 6 | 4 | 4 |
| Number of funds in category | 10 | 11 | 11 | 10 | 10 | 10 | 8 | 7 | 5 | 5 |
Peer Comparison of UTI Dividend Yield Fund
| Â | 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 (%) |
| UTI Dividend Yield Dir | Unrated | 8.25 | 18.94 | 15.53 | 1.45 | 3,880 | 13.35 | 1.00 (364) | 13Y 2M | 18.00 |
| SBI Dividend Yield Dir | Unrated | 7.42 | — | — | 0.80 | 8,987 | 14.03 | 1.00 (30) | 3Y | 16.00 |
| ICICI Pru Dividend Yield Equity Dir | Unrated | 10.51 | 22.29 | 21.30 | 0.57 | 6,531 | 15.86 | 1.00 (365) | 11Y 10M | 34.00 |
| HDFC Dividend Yield Dir | Unrated | 6.92 | 16.55 | 17.08 | 0.78 | 5,853 | 18.73 | 1.00 (365) | 5Y 2M | 7.10 |
| Franklin India Dividend Yield Dir | Unrated | 3.96 | 15.72 | 16.41 | 1.24 | 2,409 | 14.85 | 1.00 (365) | 13Y 2M | 31.95 |
Portfolio Analysis of UTI Dividend Yield Fund
| No. of Stocks | 53 |
| Top 10 Stocks | 35.72% |
| Top 5 Stocks | 23.28% |
| Top 3 Sectors | 54.04% |
| Portfolio P/B Ratio | 3.16 |
| Portfolio P/E Ratio | 18.99 |
Portfolio Breakup
| Â | Fund | Category |
| Average Mkt Cap (Rs Cr) | 1,94,431 | 2,13,167 |
| Giant (%) | — | — |
| Large (%) | 69.84 | 72.18 |
| Mid (%) | 8.50 | 14.85 |
| Small (%) | 21.65 | 12.96 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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