Dividend yield funds offer 24.96% in three years; topper offers 33%
ICICI Prudential Dividend Yield Equity Fund gave the highest return of around 33.69% in the three-year horizon. Templeton India Equity Income Fund, second in the list, offered 27.67% in three years.
Aditya Birla Sun Life Dividend Yield Fund, the oldest scheme in the category, offered 26.30% in three years. The scheme has completed around 20.75 years in the market.
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View Details»UTI Dividend Yield Fund and Templeton India Equity Income Fund have completed around 18.44 and 17.48 years in the market. UTI Dividend Yield Fund and Templeton India Equity Income Fund gave 21.53% and 27.44% respectively in three years.
Despite offering double-digit returns, two schemes — LIC MF Dividend Yield Fund, and UTI Dividend Yield Fund– underperformed their respective benchmarks in three years.
SBI Dividend Yield Fund, the largest scheme in the category, has not even completed one year. The scheme was launched in March this year. The scheme manages assets of Rs 5,256.49 crore. HDFC Dividend Yield Fund, the second largest scheme based on assets managed, has not completed three years in the market.
Four dividend yield funds have a performance record of 10 years and five schemes have a performance record of five years. Templeton India Equity Income Fund offered the highest return in five years. The scheme gave 17.59%, followed by ICICI Prudential Dividend Yield Equity Fund which gave 16.65%.
These funds are benchmarked against NIFTY 500 — TRI, and Nifty Dividend Opportunities 50 — TRI. These benchmarks gave 21.88% and 26.61% respectively. The benchmarks offered an average return of around 22.52% in a three year horizon.
Investors, especially
