SBI Dividend Yield Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
SBI Dividend Yield Fund Direct Growth Plan currently has a NAV of ₹15.8959 as of 17 September 2026 and an AUM of ₹8,553 Cr. Its 1-year, 3-year and 5-year returns are 1.23%, 10.09% and Data not available, and the fund is tagged High Risk. Our view is that this is a dividend-yield style equity fund with a mixed short-term pattern but a stronger 3-year record, so it may suit investors who can accept volatility and are comfortable with a portfolio that does not behave like a broad market index in every phase.
The fund’s recent one-year result trails its longer 3-year trend, while the portfolio holds a meaningful share in financials, infrastructure and other cyclical or yield-oriented names. That mix can support differentiated performance, but it also means the journey can be uneven. For investors who want a high-risk equity allocation with a clear dividend-yield tilt, the key question is whether they can stay invested through periods when the fund lags the benchmark.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹15.8959 as of 17 Sep 2026 |
| AUM | ₹8,553 Cr |
| Expense Ratio | 0.83% |
| Launch Date | 14 Mar 2023 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 30D, Nil after 30D |
| Fund Managers | Nidhi Chawla |
The fund is managed by Nidhi Chawla.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.84% | -3.66% |
| 3M | 0.92% | -3.71% |
| 1Y | 1.23% | -7.13% |
| 3Y | 10.09% | 5.82% |
| 5Y | Data not available | Data not available |
The last month was weak for the fund, but it still held up slightly better than the benchmark over the same period. Over three months, the pattern improved: the fund stayed positive while the benchmark remained negative. That tells us the strategy has been able to navigate some recent market weakness more effectively than the index, even though the path has not been smooth.
The one-year picture is more subdued. A 1.23% return is positive, but it is modest for an equity fund and it came in far better than the benchmark’s negative reading rather than through strong absolute growth. Our read-through is that this is not a fund that has been compounding at a fast pace over the last year.
The three-year number is more encouraging. At 10.09%, it has produced a materially better medium-term result than the benchmark’s 5.82%, which suggests the fund’s stock selection and dividend-yield tilt have added value over a fuller cycle. The 5-year line is not available because the scheme is young, so we would place more weight on the one- and three-year record and on how the recent swings compare with that medium-term recovery.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD SBI Dividend Yield?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding SBI Dividend Yield? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| SBI Dividend Yield Fund Direct Growth Plan | 1.23% | 10.09% | Data not available |
| Tata Dividend Yield Fund Direct Growth Plan | 8.72% | 13.65% | 13.19% |
| LIC MF Dividend Yield Fund Direct Growth Plan | 4.5% | 17.78% | 14.72% |
| Aditya Birla SL Dividend Yield Fund Direct Growth Plan | 0.65% | 11.11% | 12.47% |
| Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan | 0.53% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Against the available peer set, the fund’s 1-year return is below Tata Dividend Yield Fund Direct Growth Plan and LIC MF Dividend Yield Fund Direct Growth Plan, but it is slightly ahead of Aditya Birla SL Dividend Yield Fund Direct Growth Plan and Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan. That makes the recent picture mixed rather than decisive.
The longer-term reading is stronger. Its 3-year return of 10.09% is below LIC MF Dividend Yield Fund Direct Growth Plan and Tata Dividend Yield Fund Direct Growth Plan, but it is ahead of Aditya Birla SL Dividend Yield Fund Direct Growth Plan. The 5-year field is not available for the current fund, so we would not overstate long-run comparisons. Taken together, the short-term and medium-term snapshots tell different stories: the fund looks modest recently, while its 3-year record is more respectable.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd. | Bank | 6.88% |
| TREPS | Cash & Cash Equivalents and Net Assets | 4.35% |
| Larsen & Toubro Ltd. | Infrastructure | 3.93% |
| Life Insurance Corporation of India | Insurance | 3.84% |
| Acme Solar Holdings Ltd. | Power | 3.51% |
| Interglobe Aviation Ltd. | Aviation | 2.57% |
| Embassy Office Parks Reit | Finance | 2.52% |
| Cholamandalam Investment & Finance Co. Ltd. | Finance | 2.48% |
| Vedanta Aluminium Metal Ltd. | Non – Ferrous Metals | 2.44% |
| Aurobindo Pharma Ltd. | Healthcare | 2.41% |
The top 10 holdings account for approximately 34.93% of the portfolio.
To see all holdings, visit the SBI Dividend Yield Fund Direct Growth Plan page
The largest holding, ICICI Bank Ltd. at 6.88%, is meaningful but not overwhelming on its own. The next few positions also carry mid-single-digit or low-single-digit weights, so the portfolio does not rely on a single dominant stock.
Weight then steps down gradually through the rest of the top 10, from 4.35% in cash-like exposure to 2.41% in the tenth position. That shape suggests a moderately spread portfolio rather than a very concentrated one, although the leading names still may have a noticeable influence on returns.
Because the top 10 holdings together account for 34.93% of the portfolio and the scheme discloses 53 holdings in total, the rest of the book is likely to be distributed across a longer tail. Our view is that this can soften single-stock dependence, but it also means the fund’s style and sector mix may matter more than any one name.
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who can accept High Risk and are comfortable with equity-style ups and downs. The one-year record is modest, but the three-year return is stronger and the benchmark comparison has been supportive over both recent and medium-term periods. That makes the fund more suitable for a patient investor than for someone seeking steady short-term consistency.
The main trade-off is that a dividend-yield orientation and a mixed set of holdings can produce periods of lag even when the medium-term outcome improves. Investors with a horizon of at least three years, and preferably longer, may find the return pattern easier to live with than those who need smooth year-by-year progress.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold on or before 30 days; nil after 30 days.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of SBI Dividend Yield Fund Direct Growth Plan?
Its NAV is ₹15.8959 as of 17 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 1.23% and its 3-year return is 10.09%. The 5-year return is Data not available because the scheme is relatively new.
How has the fund done against the benchmark?
It has beaten the benchmark over 3M, 1Y and 3Y, while the benchmark has been weaker over the same periods. Over 1M, the fund also held up slightly better than the benchmark.
How does it compare with peer funds on recent returns?
Its 1-year return is lower than Tata Dividend Yield Fund Direct Growth Plan and LIC MF Dividend Yield Fund Direct Growth Plan, but slightly ahead of Aditya Birla SL Dividend Yield Fund Direct Growth Plan and Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan.
Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Nidhi Chawla. The exit load is 1% if units are sold on or before 30 days, and nil after 30 days.
Bottom line
SBI Dividend Yield Fund Direct Growth Plan has a mixed short-term record but a stronger 3-year showing, and that difference matters. It has also stayed ahead of the benchmark over the available periods, though not by a wide margin in the latest year. Compared with peers, the fund looks adequate rather than standout on recent numbers, while its portfolio remains reasonably spread across 53 holdings with the largest position at 6.88%. That combination points to a High Risk equity fund that may suit patient investors who want a dividend-yield style exposure.
Published on 18 September 2026 at 12:05 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.