ICICI Prudential Dividend Yield Equity Fund Direct Growth

Equity
Direct
Dividend Yield
ICICI Prudential Dividend Yield Equity Fund Direct Growth

About the Fund

ICICI Prudential Dividend Yield Equity Fund Direct Growth is an equity fund. This fund was started on 16 May, 2014. The fund is managed by Mittul Kalawadia. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. ICICI Prudential Dividend Yield Equity Fund Direct Growth has ₹3931 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

ICICI Prudential Dividend Yield Equity Fund Direct Growth has given a CAGR return of 17.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 54.28%, 30.76% and 25.50% respectively.

Holdings

ICICI Prudential Dividend Yield Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Securitize, Consumer Cyclical, Energy, Utilities, Industrial, Consumer Defensive, Health, Government, Basic Materials, Tech, Communication, Real Estate, Corporate. Its top holdings are ICICI Bank Ltd, NTPC Ltd, Sun Pharmaceuticals Industries Ltd, Maruti Suzuki India Ltd, HDFC Bank Ltd

Taxation

As it is a dividend yield mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of ICICI Prudential Dividend Yield Equity Fund Direct Growth

The investment objective of ICICI Prudential Dividend Yield Equity Fund is to provide medium to long term capital gains and/or dividend distribution by predominantly investing in a well diversified portfolio of equity and equity related instruments of dividend yielding companies. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Dividend Yield Equity Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
3101 people have invested ₹ 3.4Cr in ICICI Prudential Dividend Yield Equity Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
1
/6
98% Performance
64% Risk Management
99% Cost
1 out of 6 among dividend yield
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Generated Consistent Returns
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Consistently beats benchmark
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Lower probablity of downside risk
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No bad points found for this fund.

Fund Overview

Expense ratio0.56%
Benchmark
S&P BSE 500 India TR INR
AUM₹3931 Cr
Inception Date16 May, 2014
Min Lumpsum/SIP₹5000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
38.27%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 92.4%

  • Debt & Cash 7.6%

Large cap
73.2%

Small cap
11.5%

Mid cap
7.8%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
24.1%
Utilities
11.8%
Consumer Cyclical
10.6%
Energy
10.4%
Consumer Defensive
8.7%
Industrial
7.9%
Health
7.1%
Tech
6.3%
Communication
5.7%
Basic Materials
5.2%
Real Estate
2%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Mittul Kalawadia
Mittul Kalawadia
Fund Manager of ICICI Prudential Dividend Yield Equity Fund Direct Growth, since 29 January 2018

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (dividend yield). Its expense ratio is 0.56% which is lower than the category average expense ratio of 1.39%.
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In the last 3 years, this fund has outperformed all funds in its category.
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Over the last 6 months, this fund has decreased expense ratio by 20.0% moving from 0.70 to 0.56.
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Over the last 6 months, this fund has experienced a 35.5% growth in AUM moving from 2.90K Cr to 3.93K Cr.
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In the last 1 year, this fund has outperformed all funds in its category.
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In the last 5 years, this fund has outperformed all funds in its category.

ICICI Prudential Dividend Yield Equity Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.98% since inception which is less than its category average return of 21.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.44% in Equity, 1.42% in Debt and 6.14% in Cash related instruments
AUM size ₹3931 Cr

AUM size ₹3931 Cr

This fund has AUM of ₹3931 Cr which is more than its category average of ₹ 3010 Cr
Expense Ratio 0.56%

Expense Ratio 0.56%

This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.51%

Frequently Asked Questions

The current NAV of ICICI Prudential Dividend Yield Equity Fund Direct Growth is ₹53.12 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
ICICI Prudential Dividend Yield Equity Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.79%
2.79%
6 Month Returns
22.45%
22.45%
1 Year Returns
54.28%
54.28%
3 Years Returns
123.57%
30.76%
5 Years Returns
211.37%
25.5%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.56% as on May 2024
₹3931 Cr as on May 2024
ICICI Bank Ltd(7.54%), NTPC Ltd(7.49%), Sun Pharmaceuticals Industries Ltd(6.96%), Maruti Suzuki India Ltd(5.81%), HDFC Bank Ltd(5.26%) as on May 2024
Financial Services(23.23%), Consumer Cyclical(9.91%), Energy(9.24%) as on May 2024
The alpha ratio for the ICICI Prudential Dividend Yield Equity Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
ICICI Prudential Dividend Yield Equity Fund Direct Growth
14.83
12.1
6.27
As on May 2024
The alpha for ICICI Prudential Dividend Yield Equity Fund Direct Growth is calculated against S&P BSE 500 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential Dividend Yield Equity Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
ICICI Prudential Dividend Yield Equity Fund Direct Growth
0.92
0.82
0.89
As on May 2024
The Beta for ICICI Prudential Dividend Yield Equity Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential Dividend Yield Equity Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
ICICI Prudential Dividend Yield Equity Fund Direct Growth
3.57
1.93
1
As on May 2024
The sharpe ratio for ICICI Prudential Dividend Yield Equity Fund Direct Growth is calculated with S&P BSE 500 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential Dividend Yield Equity Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
ICICI Prudential Dividend Yield Equity Fund Direct Growth
10.35
11.47
17.96
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 4.53 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.49 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Mittul Kalawadia is the fund manager of ICICI Prudential Dividend Yield Equity Fund Direct Growth
The Exit load of ICICI Prudential Dividend Yield Equity Fund Direct Growth is 1%