The UTI Dividend Yield Fund is an open-ended equity mutual fund that primarily invests in high dividend-yielding stocks. It aims to provide long-term capital appreciation and income by focusing on companies with strong dividend-paying histories.
Fund Overview
- Fund Type: Equity – Dividend Yield
- Launch Date: May 3, 2005
- Fund House: UTI Mutual Fund
- Benchmark: Nifty 500 Total Return Index (TRI)
- Risk Level: Very High
- Fund Manager: Amit Kumar Premchandani (since November 2022)
- Net Asset Value (NAV): ₹175.07 (Direct Growth Plan as of April 15, 2025)
- Assets Under Management (AUM): ₹3,855.37 crore
- Expense Ratio: Approximately 2.00%
- Exit Load: 1% if redeemed within 1 year; Nil thereafter
- Minimum Investment: ₹5,000 (lump sum), ₹500 (SIP)
Fund Manager of UTI Dividend Yield Fund
The UTI Dividend Yield Fund is managed by Mr. Amit Premchandani, who serves as the Senior Vice President & Fund Manager – Equity at UTI Mutual Fund.
About the Fund Manager
- Name: Amit Premchandani
- Position: Senior Vice President & Fund Manager – Equity
- Qualifications: PGDM from IIM Indore, Chartered Accountant (CA), and Chartered Financial Analyst (CFA)
- Experience: Over 15 years in equity research and fund management
- Funds Managed: In addition to the UTI Dividend Yield Fund, he manages several other equity schemes under UTI Mutual Fund
Mr. Premchandani took over the management of the UTI Dividend Yield Fund in November 2022. Under his leadership, the fund continues to focus on investing in high dividend-yielding companies, aiming to provide investors with a combination of income and long-term capital appreciation.
UTI Dividend Yield Fund Share Price
- Regular Plan – Growth Option: ₹162.46
- Direct Plan – Growth Option: ₹175.07
- Direct Plan – IDCW Payout Option: ₹36.831
Investment Objective
The scheme seeks to generate long-term capital appreciation by investing predominantly in dividend-yielding equity and equity-related securities. The fund focuses on companies with strong dividend-paying histories, aiming to provide investors with a combination of income and capital growth.
UTI Dividend Yield Fund Portfolio
As of March 31, 2025, the UTI Dividend Yield Fund portfolio is diversified across various sectors and companies, focusing on high dividend-yielding stocks.
Top 10 Equity Holdings
| Company | Sector | Allocation (%) |
|---|---|---|
| HDFC Bank Ltd. | Private Sector Bank | 8.82% |
| Infosys Ltd. | IT Services & Consulting | 4.18% |
| Tech Mahindra Ltd. | IT Services & Consulting | 3.69% |
| ICICI Bank Ltd. | Private Sector Bank | 3.23% |
| Kotak Mahindra Bank Ltd. | Private Sector Bank | 3.14% |
| Mahindra & Mahindra Ltd. | Automobile | 2.85% |
| State Bank of India | Public Sector Bank | 2.65% |
| ITC Ltd. | FMCG | 2.61% |
| Tata Consultancy Services Ltd. | IT Services & Consulting | 2.59% |
| Cipla Ltd. | Pharmaceuticals | 2.42% |
These top 10 holdings constitute approximately 36.18% of the total portfolio.
Sector Allocation
| Sector | Allocation (%) |
|---|---|
| Financial Services | 28.89% |
| Technology | 15.54% |
| Consumer Cyclical | 9.54% |
| Consumer Defensive | 9.25% |
| Healthcare | 8.48% |
| Utilities | 7.65% |
| Basic Materials | 7.28% |
| Energy | 6.31% |
| Industrials | 5.72% |
| Communication Services | 1.34% |
This sectoral distribution reflects the fund’s strategy to invest in companies with strong dividend-paying histories across diverse industries.
Portfolio Summary
- Total Number of Stocks: 53
- 5 Stock Weight: 23.06%
- 10 Stock Weight: 36.18%
- 3 Sector Weight: 38.1%
Market Capitalization Breakdown:
- Large Cap Stocks: 57.7%
- Mid Cap Stocks: 13.01%
- Small Cap Stocks: 8.93%
UTI Dividend Yield Fund Returns
| Investment Period | Absolute Returns (%) | Annualized Returns (%) |
|---|---|---|
| 1 Week | 2.87 | — |
| 1 Month | 0.62 | — |
| 3 Months | -3.64 | — |
| 6 Months | 12.91 | — |
| Year-to-Date | 27.59 | — |
| 1 Year | 41.39 | 40.99 |
| 2 Years | 70.13 | 30.34 |
| 3 Years | 69.95 | 19.32 |
| 5 Years | 173.57 | 22.27 |
| 10 Years | 265.03 | 13.81 |
| Since Inception | 1,679.31 | 15.87 |
If you would like information on SIP returns or performance of the Direct Plan, feel free to ask!
Historical Returns of UTI Dividend Yield Fund
Here is the historical performance of the UTI Dividend Yield Fund – Regular Plan – Growth as of March 20, 2025:
| Investment Period | Absolute Returns (%) | Annualized Returns (%) |
|---|---|---|
| 1 Week | 3.66 | — |
| 1 Month | 0.23 | — |
| 3 Months | -5.55 | — |
| 6 Months | -12.81 | — |
| Year-to-Date | -6.11 | — |
| 1 Year | 15.33 | 15.33 |
| 2 Years | 59.94 | 26.43 |
| 3 Years | 55.73 | 15.85 |
| 5 Years | 220.55 | 26.22 |
| 10 Years | 232.86 | 12.77 |
| Since Inception | 1,531.14 | 15.09 |
UTI Dividend Yield Fund Direct Growth
Here is the performance summary of the UTI Dividend Yield Fund – Direct Plan – Growth as of March 20, 2025:
| Investment Period | Returns (%) | Category Average (%) |
|---|---|---|
| 1 Month | -0.68 | -0.40 |
| 3 Months | -6.31 | -6.76 |
| 6 Months | -13.38 | -13.42 |
| 1 Year | 14.92 | 8.88 |
| 3 Years | 16.49 | 17.96 |
| 5 Years | 26.75 | 28.87 |
| 7 Years | 15.48 | 15.60 |
| 10 Years | 13.36 | 14.17 |
Key Fund Details
- NAV (as of March 19, 2025): ₹174.03
- Fund Size (AUM): ₹3,633.45 crore
- Expense Ratio: 1.38% (as of February 28, 2025)
- Benchmark: NIFTY 500 TRI
- Minimum Investment: ₹5,000 (lump sum), ₹500 (SIP)
- Exit Load: 1% if redeemed within 1 year; Nil thereafter
- Risk Level: Very High
UTI Dividend Yield Fund Regular Growth
Here is the performance summary of the UTI Dividend Yield Fund – Regular Plan – Growth as of March 21, 2025:
| Investment Period | Returns (%) | Category Average (%) |
|---|---|---|
| 1 Month | 1.76 | 2.06 |
| 3 Months | -4.80 | -5.18 |
| 6 Months | -12.11 | -12.21 |
| 1 Year | 14.37 | 8.15 |
| 3 Years | 16.45 | 17.42 |
| 5 Years | 26.40 | 28.21 |
Key Fund Details
- NAV (as of March 21, 2025): ₹164.42
- Fund Size (AUM): ₹3,633.45 crore
- Expense Ratio: 2.01%
- Benchmark: NIFTY Dividend Opportunities 50 Total Return Index
- Minimum Investment: ₹5,000 (lump sum), ₹500 (SIP)
- Exit Load: 1% if redeemed within 1 year; Nil thereafter
- Risk Level: Very High
UTI Dividend Yield Fund Dividend History
Here is the dividend payout history for the UTI Dividend Yield Fund – IDCW (Income Distribution cum Capital Withdrawal) Option:
| Dividend Date | Dividend (₹/Unit) |
|---|---|
| 2024-10-10 | 0.80 |
| 2024-01-23 | 0.70 |
| 2022-08-23 | 0.60 |
| 2021-11-22 | 0.70 |
| 2020-09-21 | 0.45 |
| 2019-12-23 | 0.6198 |
| 2019-06-27 | 0.5312 |
| 2018-12-20 | 0.6641 |
| 2018-03-21 | 0.75 |
| 2017-12-28 | 0.75 |
| 2017-06-20 | 0.75 |
| 2016-12-29 | 0.55 |
| 2016-07-07 | 0.55 |
| 2015-12-28 | 0.55 |
| 2015-06-24 | 0.55 |
| 2014-12-29 | 0.80 |
| 2014-06-11 | 0.60 |
| 2014-01-14 | 0.45 |
| 2013-06-19 | 0.50 |
| 2012-12-24 | 0.50 |
| 2012-06-06 | 0.40 |
| 2011-11-30 | 0.40 |
| 2011-05-30 | 0.50 |
| 2010-12-21 | 0.70 |
| 2010-07-27 | 0.50 |
Strengths of UTI Dividend Yield Fund:
1) High Dividend Yield:
- The fund focuses on investing in companies with strong dividend-paying histories, offering a potential regular income stream along with capital appreciation.
2) Diversified Portfolio:
- The fund invests across multiple sectors, reducing sector-specific risks and increasing its exposure to the growth potential of various industries.
3) Long-term Capital Appreciation:
- While it focuses on dividends, the fund has also provided strong long-term capital appreciation, making it suitable for investors with a longer investment horizon.
4) Stable Performance:
- Over the years, the UTI Dividend Yield Fund has provided steady returns, especially during market downturns when dividend-paying companies are more resilient.
5) Experienced Fund Management:
- Managed by seasoned professionals like Amit Premchandani, who has extensive experience in equity fund management.
6) Suitable for Conservative Investors:
- It is a good option for risk-averse investors seeking a balance between regular income and moderate capital growth.
Risks of UTI Dividend Yield Fund:
1) Market Risk:
- As an equity-based fund, it is subject to fluctuations in the stock market. In periods of market volatility, the fund’s value may decline.
2) Concentration Risk:
- While the fund is diversified, a heavy concentration in specific sectors like financials or technology could expose it to sector-specific risks.
3) Dividend Cuts:
- The fund’s returns are heavily reliant on the dividend-paying capacity of the companies in its portfolio. If the companies reduce or stop their dividends, it can negatively impact the fund’s returns.
4) Interest Rate Risk:
- A rise in interest rates can make fixed-income investments more attractive, leading to a potential outflow of investments from equity dividend funds.
5) Liquidity Risk:
- Although UTI Dividend Yield Fund is a mutual fund and can be redeemed at any time, the stocks in its portfolio may be subject to liquidity constraints, especially in the case of smaller or mid-cap stocks.
6) Economic and Political Risks:
- The fund is vulnerable to the overall economic environment and political stability. Any adverse changes in government policies, regulations, or global market conditions can impact the fund’s performance.
Conclusion:
The UTI Dividend Yield Fund can be an attractive option for those looking for a mix of income generation and long-term capital growth, but it is not without its risks. Investors should carefully assess their risk tolerance and investment horizon before choosing this fund.
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