Investment Objective and Approach

The scheme seeks to provide capital appreciation and/or dividend distribution by predominantly investing in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies. The scheme considers dividend yielding stocks which have paid dividend (or done a buyback) in at least one of the three preceding financial years.

While trailing dividend yield will be an important factor in selecting a stock, the fund manager also considers business fundamentals, industry outlook, absolute as well as relative valuations, growth outlook and corporate governance. The main investment objective is to yield long-term capital appreciation by primarily investing in dividend-paying stocks. Certain well-established companies that have a track record of dividend distribution are considered for this fund.

The fund follows a disciplined approach where companies may also choose to do a buyback in addition to or as an alternative to dividend, which also constitutes a yield to shareholders.

Fund Managers

The fund is managed by Gopal Agrawal, with Dhruv Muchhal overseeing overseas investments.

Gopal Agrawal

Gopal Agrawal is a seasoned fund manager at HDFC Mutual Fund, with a diverse background in finance spanning over 20 years. He holds degrees in Engineering and Management. He is a gold medalist chemical engineer by qualification and did his MBM at VGSOM, IIT Kharagpur.

Before his current role, he was the Chief Investment Officer at Tata Mutual Fund and held significant positions at DSP Investment Managers, Mirae Asset Mutual Fund, and SBI Mutual Fund. Prior to joining HDFC Mutual Fund he has worked with DSP Mutual Fund, Tata AMC, Mirae Asset Mutual Fund, SBI Mutual Fund, Kotak Securities, HDFC Securities, IDBI Capital, UTI Securities and IPCL.

During his fund management span, Gopal Agrawal consistently delivered remarkable results, solidifying his position as the leading mutual fund manager in the large and mid-cap fund category. He has been overseeing funds since July 2020 and has over 19 years of experience. As of June 2023, he managed assets under management (AUM) totalling Rs 9,843.55 crore.

About the Fund House (AMC)

HDFC Mutual Fund started as a joint venture between Housing Development Finance Corporation Limited and Standard Life Investments Limited on December 10, 1999. It has Housing Development Finance Corporation Limited and Standard Life Investments Limited as the sponsors. HDFC Trustee Company Limited is the trustee.

The asset management company has been a pioneer in the Indian mutual fund industry and has consistently focused on delivering value to investors through its diverse range of schemes across various categories. With decades of experience and robust investment processes, HDFC Mutual Fund has built a reputation for professional fund management and investor-friendly practices.

The AMC operates from HDFC Asset Management Company Limited, "HUL House", 2nd Floor, Mumbai, Maharashtra, 400 020 and manages 130 schemes across different categories, serving millions of investors across the country.

Should I Invest in HDFC Dividend Yield Fund?

This fund may be suitable for investors who:

- Seek Regular Income: The HDFC Dividend Yield Fund Growth Direct Plan may be considered for those investors who hold a view of income orientation, as they can potentially gain regular dividends.

- Want Capital Appreciation: If you are such an investor and seek possible growth of capital too, you can consider this fund.

- Have Long-term Investment Horizon: This product is suitable for investors who are seeking capital appreciation over long term/regular income through investment predominantly in equity and equity related instruments of dividend yielding companies.

- Understand Equity Risks: Being an equity fund, it carries inherent market risks and is suitable for investors with moderate to high risk tolerance.

Key Financial Metrics (as of August 2025):

- AUM of ₹6,445.63 Crores as on August 17, 2025

- The fund has delivered a CAGR of 24.08% since inception

- Fund launched on November 27, 2020

- Exit load of 1% if redeemed within 1 year

- Minimum SIP amount: ₹100

FAQs

What is today's NAV of HDFC Dividend Yield Fund?

The NAV changes daily. You can check the current NAV on Allvest platform or the official HDFC Mutual Fund website for real-time updates.

What is the AUM of HDFC Dividend Yield Fund?

As of August 17, 2025, the fund has an AUM of ₹6,445.63 Crores.

What is the expense ratio of HDFC Dividend Yield Fund?

The fund has an expense ratio of 1.82%, which is quite reasonable as compared to most other equity mutual fund schemes.

What are the returns of HDFC Dividend Yield Fund since inception?

The fund has delivered a CAGR of 24.08% since inception, having been launched in November 2020.

What is the minimum SIP amount to invest in HDFC Dividend Yield Fund?

The minimum SIP amount to invest in this scheme is ₹100.

How do I invest in HDFC Dividend Yield Fund?

You can easily invest through Allvest platform online, directly from HDFC Mutual Fund website, or through registered mutual fund distributors and banks.

How to start a SIP in HDFC Dividend Yield Fund?

Log in to Allvest, select the fund, choose SIP option, enter your desired amount (minimum ₹100) and frequency, then complete the payment setup.

How do I automate an SIP in HDFC Dividend Yield Fund?

Set up an auto-debit mandate through Allvest or your bank for seamless monthly investments. This ensures automatic deduction from your account on the chosen SIP date.

How can I withdraw/redeem my investment in HDFC Dividend Yield Fund?

You can redeem units through Allvest platform, HDFC Mutual Fund website, or by submitting a redemption form to your distributor. You will receive your funds within three working days of placing the order.