ICICI Prudential Dividend Yield Equity Fund Direct Growth

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.

1. ICICI Prudential Dividend Yield Equity Fund Direct Growth has ₹4995 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

ICICI Prudential Dividend Yield Equity Fund Direct Growth has given a CAGR return of 17.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.34%, 28.25% and 35.71% respectively.

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

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 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.