Dividend yield funds in India
12 live funds in the Dividend Yield category, ordered by 5-year return, highest first; ICICI Prudential Dividend Yield Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 27 Oct 2026; 3 and 5 year returns are a year, compounded.
- Category median, 1 yearCategory median, 1 year. The middle return among the Dividend Yield category's funds, each over the same window to its own latest NAV, on their Direct plans.
- −6.63%Middle of 10 funds
- Category median, 3 yearsCategory median, 3 years. The middle return among the Dividend Yield category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +10.93%Middle of 9 funds
- Category median, 5 yearsCategory median, 5 years. The middle return among the Dividend Yield category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +11.45%Middle of 8 funds
Dividend Yield funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
ICICI Prudential Dividend Yield FundICICI Prudential Mutual FundNAV₹55.26001Y−10.09%3Y+13.36%5Y+14.06%Size₹6,660 CrCost0.76%
LIC MF Dividend Yield FundLIC Mutual FundNAV₹33.84191Y−1.61%3Y+17.82%5Y+13.23%Size₹741 CrCost0.97%
HDFC Dividend Yield FundHDFC Mutual FundNAV₹25.49501Y−6.91%3Y+10.70%5Y+11.80%Size₹5,588 CrCost0.87%
Tata Dividend Yield FundTata Mutual FundNAV₹20.02961Y−1.10%3Y+12.67%5Y+11.79%Size₹1,132 CrCost0.80%
Aditya Birla Sun Life Dividend Yield FundAditya Birla Sun Life Mutual FundNAV₹463.570026 Oct 20261Y−6.34%3Y+10.73%5Y+11.10%Size₹1,452 CrCost1.87%
Franklin India Dividend Yield FundFranklin Templeton Mutual FundNAV₹141.581026 Oct 20261Y−7.50%3Y+10.93%5Y+10.21%Size₹2,281 CrCost1.39%
UTI Dividend Yield FundUTI Mutual FundNAV₹181.84731Y−7.22%3Y+12.65%5Y+9.36%Size₹3,760 CrCost1.54%
Sundaram Dividend Yield FundSundaram Mutual FundNAV₹137.46611Y−9.93%3Y+9.08%5Y+8.59%Size₹810 CrCost1.27%
Baroda BNP Paribas Dividend Yield FundBaroda BNP Paribas Mutual FundNAV₹9.40241Y−5.28%3Y–5Y–Size₹585 CrCost1.35%
Kotak Dividend Yield FundKotak Mahindra Mutual FundNAV₹9.09901Y–3Y–5Y–Size₹252 CrCost1.14%
SBI Dividend Yield FundSBI Mutual FundNAV₹15.26071Y−4.01%3Y+10.15%5Y–Size₹8,488 CrCost1.12%
WhiteOak Capital Dividend Yield FundWhiteOak Capital Mutual FundNAV₹9.80601Y–3Y–5Y–Size₹114 CrCost2.53%
Tax on dividend yield funds
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About dividend yield funds in India
Dividend yield funds in India are open-ended equity mutual funds that invest mainly in shares of companies paying dividends. SEBI lists dividend yield as its own category of equity scheme, with at least 80% of assets in equity and equity-related instruments.
What dividend yield means
Dividend yield is the dividend a company pays in a year divided by its share price, shown as a percentage. A share priced at ₹200 that pays ₹6 a year yields 3%. A fund in this category picks stocks with that measure in mind, so its portfolio leans toward companies with a record of paying dividends.
What SEBI requires
SEBI's category rules require the scheme to invest predominantly in dividend yielding stocks and keep at least 80% of total assets in equity and equity-related instruments. SEBI's circular of 26 Feb 2026 raised that floor from 65%. SEBI sets no market-cap split, so a fund can hold large, mid and small companies. The rest can sit in money market and other liquid instruments, gold, silver or InvITs within SEBI limits.
Payouts and tax
The category name describes the stocks held, not what the fund pays out. The fund is not required to distribute any income. Dividends it collects from companies are normally reflected in its NAV (net asset value, the price of one unit) in the growth option. The IDCW option (income distribution cum capital withdrawal) pays out money only when the fund house declares it, and the amount can vary or be nil.
With at least 65% of assets in Indian equities, a dividend yield fund counts as equity-oriented for tax. Gains on units sold within 12 months are taxed at 20%. Gains on units held longer are taxed at 12.5% above ₹1.25 lakh of long-term gains in a financial year, an exemption shared across all equity shares and equity funds.
Dividend yield, value and contra funds
SEBI also keeps value funds, which follow a value investment strategy, and contra funds, which follow a contrarian strategy. All three need 80% in equity, so what separates them is the stock-selection rule. A fund house may run only one dividend yield fund.
How this page lists the funds
The page lists every live fund in the category, ordered by 5-year return, highest first. Returns are for each fund's lead plan, the Direct plan (no distributor commission) where there is one, run to its latest NAV. The 3-year and 5-year returns are compounded yearly. Funds under five years old follow, by name. The columns also show size (average assets over the latest quarter) and the yearly expense ratio. The category median for 1, 3 and 5 years is the middle return among funds that have that figure, so each median can rest on a different number of funds.