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Dividend Yield · HDFC Mutual Fund · AMFI code 148608HDFC Dividend Yield Fund
Disclosed for 9 months, Jan 2026 to Oct 2026.Published as: HDFC Dividend Yield Fund (An open ended equity scheme predominantly investing in dividend yielding stocks)
Portfolio value
₹5,184 Cr
down ₹90 Cr vs Sep 2026
- Stocks held
- 126
- down 1 vs Sep 2026
- Top 10 weight
- 31.9%
- of the portfolio in its ten largest
- Cash & debt
- 0.2%
- cash, money market and debt
- Moves this month
- 0 in · 1 out
- added to 10, trimmed 97
Holdings as of the end of October 2026, from HDFC Mutual Fund’s monthly portfolio disclosure. Fund houses publish each month’s portfolio within 10 days of the month end, and this page is updated after they do. How the data is checked
HDFC Dividend Yield Fund is an active equity fund in the Dividend Yield category from HDFC Mutual Fund. In October 2026 it disclosed 126 stocks worth ₹5,184 Cr, down ₹90 Cr from Sep 2026. Its largest positions were ICICI Bank Limited (5.8%), HDFC Bank Limited (4.9%), Axis Bank Limited (3.8%); the ten largest together made up 31.9% of the portfolio, and Banks was the biggest sector at 21.6% of its equity. Cash and debt stood at 0.2%. Compared with Sep 2026 the fund entered 0 new stocks and exited 1.
Against 10 other Dividend Yield funds
Concentration
20%
Top-10 weight is higher than 20% of peers
Breadth
100%
Holds more stocks than 100% of peers
Cash
0%
Holds more cash than 0% of peers
What these mean: concentration · cash
Holdings in October 2026
Download CSVEvery line the fund disclosed, with the change against Sep 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 5.78% | up 0.41 pts | ₹300 Cr | up ₹16.4 Cr | Added |
| HDFC Bank Limited | 4.94% | down 0.03 pts | ₹256 Cr | down ₹5.9 Cr | Trimmed |
| Axis Bank Limited | 3.76% | up 0.04 pts | ₹195 Cr | down ₹1.4 Cr | Trimmed |
| Bharti Airtel Limited | 2.99% | up 0.37 pts | ₹155 Cr | up ₹17 Cr | Added |
| Larsen & Toubro Limited | 2.76% | up 0.13 pts | ₹143 Cr | up ₹4.1 Cr | Added |
| Kotak Mahindra Bank Limited | 2.67% | up 0.22 pts | ₹138 Cr | up ₹9.2 Cr | Added |
| Tech Mahindra Limited | 2.45% | up 0.21 pts | ₹127 Cr | up ₹9 Cr | Added |
| Reliance Industries Limited | 2.25% | down <0.01 pts | ₹116 Cr | down ₹2.2 Cr | Trimmed |
| Maruti Suzuki India Limited | 2.13% | down 0.07 pts | ₹111 Cr | down ₹5.5 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 2.13% | down 0.01 pts | ₹110 Cr | down ₹2.4 Cr | Trimmed |
| State Bank of India | 2.04% | up 0.04 pts | ₹106 Cr | up ₹26 L | Held |
| HCL Technologies Limited | 1.98% | up 0.30 pts | ₹103 Cr | up ₹14.3 Cr | Added |
| SBI Life Insurance Company Limited | 1.92% | down 0.01 pts | ₹99.5 Cr | down ₹2.3 Cr | Trimmed |
| Bajaj Auto Limited | 1.90% | down 0.06 pts | ₹98.3 Cr | down ₹5 Cr | Trimmed |
| Infosys Limited | 1.73% | up 0.30 pts | ₹89.5 Cr | up ₹14.4 Cr | Added |
| NTPC Limited | 1.71% | down 0.01 pts | ₹88.6 Cr | down ₹1.8 Cr | Trimmed |
| Info Edge (India) Limited | 1.66% | down 0.01 pts | ₹86.2 Cr | down ₹2.2 Cr | Trimmed |
| Eicher Motors Limited | 1.62% | up 0.04 pts | ₹83.8 Cr | up ₹81 L | Added |
| Tata Consultancy Services Limited | 1.60% | up 0.31 pts | ₹82.7 Cr | up ₹14.9 Cr | Added |
| Sterlite Technologies Limited | 1.59% | down 0.22 pts | ₹82.5 Cr | down ₹13.1 Cr | Trimmed |
| IndusInd Bank Limited | 1.37% | down 0.08 pts | ₹71.2 Cr | down ₹5.4 Cr | Trimmed |
| Tata Steel Limited | 1.29% | down 0.10 pts | ₹67 Cr | down ₹6.7 Cr | Trimmed |
| Aster DM Healthcare Limited | 1.22% | down 0.01 pts | ₹63.3 Cr | down ₹1.5 Cr | Trimmed |
| Cipla Limited | 1.16% | up 0.05 pts | ₹60.2 Cr | up ₹1.4 Cr | Added |
| ITC Limited | 1.10% | up 0.03 pts | ₹57.1 Cr | up ₹61 L | Added |
| Coal India Limited | 1.09% | down 0.08 pts | ₹56.4 Cr | down ₹5.2 Cr | Trimmed |
| Hindustan Unilever Limited | 1.03% | up 0.01 pts | ₹53.1 Cr | down ₹41 L | Trimmed |
| Apollo Hospitals Enterprise Limited | 0.98% | up 0.05 pts | ₹50.7 Cr | up ₹1.7 Cr | Added |
| Oil & Natural Gas Corporation Limited | 0.96% | up 0.01 pts | ₹49.6 Cr | down ₹9 L | Held |
| Hindustan Petroleum Corporation Limited | 0.95% | down 0.01 pts | ₹49.4 Cr | down ₹1.4 Cr | Trimmed |
| Balrampur Chini Mills Limited | 0.89% | down 0.09 pts | ₹46.1 Cr | down ₹5.7 Cr | Trimmed |
| Ambuja Cements Limited | 0.87% | down 0.05 pts | ₹45.2 Cr | down ₹3.4 Cr | Trimmed |
| Embassy Office Parks REIT REIT / InvIT | 0.81% | down 0.02 pts | ₹41.8 Cr | down ₹2 Cr | Trimmed |
| Hindustan Aeronautics Limited | 0.80% | up 0.04 pts | ₹41.3 Cr | up ₹1.6 Cr | Added |
| Divi's Laboratories Limited | 0.75% | up 0.05 pts | ₹39.1 Cr | up ₹2 Cr | Added |
| UPL Limited | 0.75% | down 0.03 pts | ₹38.8 Cr | down ₹2 Cr | Trimmed |
| Cholamandalam Financial Holdings Limited | 0.74% | down 0.01 pts | ₹38.6 Cr | down ₹100 L | Trimmed |
| Bosch Limited | 0.73% | up 0.01 pts | ₹37.6 Cr | up ₹8 L | Held |
| Nestle India Limited | 0.72% | down 0.07 pts | ₹37.3 Cr | down ₹4.6 Cr | Trimmed |
| CESC Limited | 0.72% | down 0.04 pts | ₹37.2 Cr | down ₹2.8 Cr | Trimmed |
| PVR Limited | 0.69% | up 0.13 pts | ₹35.9 Cr | up ₹6.1 Cr | Added |
| TD Power Systems Limited | 0.69% | down 0.06 pts | ₹35.7 Cr | down ₹3.6 Cr | Trimmed |
| Cummins India Limited | 0.69% | down 0.03 pts | ₹35.6 Cr | down ₹2.5 Cr | Trimmed |
| VRL Logistics Limited | 0.67% | down 0.06 pts | ₹35 Cr | down ₹3.7 Cr | Trimmed |
| Power Finance Corporation Limited | 0.67% | down 0.01 pts | ₹34.5 Cr | down ₹1.3 Cr | Trimmed |
| PNB Housing Finance Limited | 0.66% | down 0.03 pts | ₹34.2 Cr | down ₹1.9 Cr | Trimmed |
| GAIL (India) Limited | 0.65% | up <0.01 pts | ₹33.6 Cr | down ₹53 L | Trimmed |
| Tata Communications Limited | 0.65% | up 0.02 pts | ₹33.5 Cr | up ₹38 L | Added |
| RHI Magnesita India Limited | 0.64% | down 0.06 pts | ₹33.4 Cr | down ₹3.5 Cr | Trimmed |
| Siemens Limited | 0.64% | down 0.07 pts | ₹33 Cr | down ₹4.2 Cr | Trimmed |
What changed, Sep 2026 to Oct 2026
New New positions (0)
None.
Exited Exited (1)
- Sun TV Network Limitedwas 0.2% · ₹9.4 Cr
Added Biggest additions
- Bharti Airtel Limitedup ₹17 Cr (+0.37% pts)
- ICICI Bank Limitedup ₹16.4 Cr (+0.41% pts)
- Tata Consultancy Services Limitedup ₹14.9 Cr (+0.31% pts)
- Infosys Limitedup ₹14.4 Cr (+0.30% pts)
- HCL Technologies Limitedup ₹14.3 Cr (+0.30% pts)
- Kotak Mahindra Bank Limitedup ₹9.2 Cr (+0.22% pts)
- Tech Mahindra Limitedup ₹9 Cr (+0.21% pts)
- PVR Limitedup ₹6.1 Cr (+0.13% pts)
- Larsen & Toubro Limitedup ₹4.1 Cr (+0.13% pts)
- Bharti Hexacom Limitedup ₹3.6 Cr (+0.08% pts)
Trimmed Biggest reductions
- Sterlite Technologies Limiteddown ₹13.1 Cr (−0.22% pts)
- Fusion Micro Finance Limiteddown ₹9.1 Cr (−0.16% pts)
- Finolex Cables Limiteddown ₹8.7 Cr (−0.15% pts)
- Tata Steel Limiteddown ₹6.7 Cr (−0.10% pts)
- West Coast Paper Mills Limiteddown ₹6.6 Cr (−0.12% pts)
- STL NETWORKS LIMITEDdown ₹5.9 Cr (−0.11% pts)
- HDFC Bank Limiteddown ₹5.9 Cr (−0.03% pts)
- Balrampur Chini Mills Limiteddown ₹5.7 Cr (−0.09% pts)
- Maruti Suzuki India Limiteddown ₹5.5 Cr (−0.07% pts)
- IndusInd Bank Limiteddown ₹5.4 Cr (−0.08% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Sep 2026, the weight rose most in IT - Software (+1.2 pts) and Banks (+0.6 pts), and fell most in Industrial Products (−0.4 pts) and Finance (−0.2 pts).
- IT - Software6.8% → 8.0%+1.2 pts
- Banks21.0% → 21.6%+0.6 pts
- Telecom - Services4.2% → 4.5%+0.4 pts
- Industrial Products4.4% → 4.0%−0.4 pts
- Finance4.5% → 4.3%−0.2 pts
- Telecom - Equipment & Accessories1.8% → 1.6%−0.2 pts
- Electrical Equipment2.3% → 2.1%−0.2 pts
- Retailing2.2% → 2.1%−0.1 pts
- Paper, Forest & Jute Products0.3% → 0.2%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Apr 2026 | Jul 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|
| Banks | 20.5% | 20.8% | 21.0% | 21.6% |
| IT - Software | 7.7% | 7.3% | 6.8% | 8.0% |
| Pharmaceuticals & Biotechnology | 5.9% | 6.2% | 6.5% | 6.6% |
| Automobiles | 6.5% | 7.0% | 6.6% | 6.5% |
| Telecom - Services | 4.0% | 4.1% | 4.2% | 4.5% |
| Finance | 4.8% | 4.9% | 4.5% | 4.3% |
| Industrial Products | 3.8% | 4.1% | 4.4% | 4.0% |
| Construction | 3.8% | 3.8% | 3.7% | 3.7% |
| Petroleum Products | 3.7% | 3.5% | 3.4% | 3.4% |
| Insurance | 3.1% | 3.2% | 3.1% | 3.1% |
Allocation in Oct 2026change vs Sep 2026
- Banks (8)21.6%▲ 0.6 pts
- IT - Software (7)8.0%▲ 1.2 pts
- Pharmaceuticals & Biotechnology (10)6.6%▲ 0.1 pts
- Automobiles (6)6.5%▼ 0.1 pts
- Telecom - Services (4)4.5%▲ 0.4 pts
- Finance (8)4.3%▼ 0.2 pts
- Industrial Products (10)4.0%▼ 0.4 pts
- Construction (6)3.7%
- Petroleum Products (3)3.4%
- Insurance (4)3.1%
- Power (3)3.0%
- Healthcare Services (2)2.2%
- Diversified FMCG (2)2.1%
- Retailing (4)2.1%▼ 0.1 pts
- Electrical Equipment (4)2.1%▼ 0.2 pts
- Transport Services (3)1.6%▼ 0.1 pts
- Telecom - Equipment & Accessories (1)1.6%▼ 0.2 pts
- Aerospace & Defense (3)1.5%
- Auto Components (3)1.5%
- Ferrous Metals (1)1.3%▼ 0.1 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Oct 2026
0.2%
▲ 0.2 pts vs Sep 2026
- Cash alone
- 0.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- <0.1% – 0.7%
- lowest to highest · record 0.7% in Jul 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
All 9 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Oct 2026 | ₹5,184 Cr | 126 | 0 | 1 | 0.1% | 0.2% | 138% |
| Sep 2026 | ₹5,274 Cr | 127 | 1 | 0 | −<0.1% | <0.1% | 136% |
| Aug 2026 | ₹5,587 Cr | 126 | 1 | 0 | 0.3% | 0.3% | 111% |
| Jul 2026 | ₹5,696 Cr | 125 | 0 | 2 | 0.7% | 0.7% | 198% |
| Jun 2026 | ₹5,656 Cr | 127 | 0 | 1 | 0.2% | 0.3% | 248% |
| May 2026 | ₹5,611 Cr | 128 | 0 | 0 | 0.1% | 0.1% | 324% |
| Apr 2026 | ₹5,687 Cr | 128 | 0 | 2 | 0.6% | 0.6% | 386% |
| Feb 2026 | ₹5,853 Cr | 130 | 0 | 0 | 0.1% | 0.1% | 6% |
| Jan 2026 | ₹5,863 Cr | 130 | 0.0% | <0.1% | 7% |