ICICI Pru Dividend Yield Equity Fund(G)
View the direct plan of this scheme
Rs 50.74 -0.18(-0.354 %) NAV as on 24 Apr 2025
Scheme Objective: 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.
Performance (As on 24 Apr 2025)
6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
---|---|---|---|---|---|
Scheme | -0.88 % | 10.93 % | 22.79 % | 33.47 % | 15.99 % |
NIFTY 500 | -2.66 % | 6.99 % | 14.15 % | 24.22 % | N/A |
Portfolio
Dividend yield funds invest the majority of their portfolio in stocks which are trading at dividend yields higher than a defined index. High dividend yield stocks are usually large, stable, cash-rich companies that are currently trading at low valuations. Dividend yield, therefore, is a strategy to pick quality stocks at low price-earnings. These funds are not required to pay steady dividends to their investors, even if they invest in high dividend yield stocks. The Nifty 500 or BSE 500 can be used as benchmarks to measure performance.
Dividend yield funds suit investors with moderate to high risk appetites. The minimum period for which these funds need to be held is 5 years.