UTI Dividend Yield Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 10, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
UTI Dividend Yield Fund Direct Growth Plan had a NAV of ₹187.7844 as of 09 Sep 2026 and an AUM of ₹3,772 Cr. Its 1-year, 3-year and 5-year returns are -0.39%, 12.59% and 10.95% respectively, and it sits in the High Risk category. Our view is that the fund has rewarded longer holding periods better than the recent one-year stretch, which makes it more suitable for investors who can stay invested through uneven phases.
The portfolio is built around large financials, with banks taking the biggest weights, so the fund can move differently from a broad market benchmark when bank stocks lead or lag. That mix, along with the return pattern, suggests it is better suited to investors who want an equity fund with an income-oriented tilt and are comfortable with short-term swings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹187.7844 as of 09 Sep 2026 |
| AUM | ₹3,772 Cr |
| Expense Ratio | 1.47% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% before 1Y, Nil on or after 1Y |
| Fund Managers | Amit Premchandani |
The fund is managed by Amit Premchandani.
Source data date: as of 09 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.96% | -4.69% |
| 3M | 1.55% | 0.93% |
| 1Y | -0.39% | -7.16% |
| 3Y | 12.59% | 6% |
| 5Y | 10.95% | 5.87% |
The recent pattern looks mixed rather than one-way. Over one month, the fund was down, but the benchmark was also weak, so the short-term backdrop was not supportive for either. Over three months, the fund recovered more than the benchmark, which points to some resilience once the market steadied.
The one-year figure is still below zero, but it is much less negative than the benchmark. That matters because it shows the fund cushioned the fall better than the index over the same period, even though it did not produce a positive return for the year.
The longer view is stronger. Both the 3-year and 5-year returns are comfortably above the benchmark, which tells us the fund has compounded better than the index across fuller market cycles. The gap between the recent one-year result and the longer-term figures suggests the fund has faced a softer patch, but it has still maintained a better long-run track record than the benchmark.
Looking at the broader path, the return pattern has been uneven, with periods of drawdown and recovery rather than a straight climb. For investors, that usually means the fund can go through stretches where sentiment around its underlying holdings matters more than the headline dividend-yield theme.
Source data date: as of 09 Sep 2026
Should you BUY or HOLD UTI 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 UTI Dividend Yield? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| UTI Dividend Yield Fund Direct Growth Plan | -0.39% | 12.59% | 10.95% |
| Tata Dividend Yield Fund Direct Growth Plan | 14.21% | 14.77% | 14.32% |
| LIC MF Dividend Yield Fund Direct Growth Plan | 8.43% | 18.61% | 15.65% |
| Aditya Birla SL Dividend Yield Fund Direct Growth Plan | 5.7% | 12.57% | 13.85% |
| SBI Dividend Yield Fund Direct Growth Plan | 4.87% | 11.25% | Data not available |
| Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan | 4.36% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
In the short term, the fund trails some of the peer returns on the one-year measure, especially the stronger numbers from Tata Dividend Yield Fund Direct Growth Plan and LIC MF Dividend Yield Fund Direct Growth Plan. That tells us the recent stretch has not been the fund’s best phase.
The longer-term picture is more balanced. Its 3-year and 5-year returns are ahead of the benchmark and sit in the same broad area as several peers, though LIC MF Dividend Yield Fund Direct Growth Plan has stronger available 3-year and 5-year figures. So the comparison reads as a weaker recent patch against a steadier longer-term profile.
Source data date: as of 09 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Eq – HDFC Bank Limited | Bank | 7.71% |
| Eq – ICICI Bank Ltd | Bank | 5.97% |
| Eq – State Bank of India | Bank | 3.44% |
| Eq – Tech Mahindra Ltd. | IT | 3.13% |
| Eq – Mahindra & Mahindra Ltd. | Automobile & Ancillaries | 3% |
| Eq – Kotak Mahindra Bank Ltd. | Bank | 2.89% |
| Eq – Bharti Airtel Ltd. | Telecom | 2.88% |
| Eq – Infosys Ltd. | IT | 2.55% |
| Eq – Axis Bank Ltd. | Bank | 2.5% |
| Eq – Power Grid Corporation of Indi | Power | 2.24% |
The top 10 holdings account for approximately 36.31% of the portfolio.
To see all holdings, visit the UTI Dividend Yield Fund Direct Growth Plan page
The largest holding, HDFC Bank, is 7.71%, which is meaningful but not overpowering on its own. The next few positions still stay in the same broad cluster, so no single stock dominates the table by a very wide margin.
Weight then tapers gradually into the mid- and low-3% range before settling around 2% in the tenth slot. That kind of decline suggests the fund is not making a bet on just one or two names; it is spreading capital across a manageable set of holdings with a clear tilt toward financials.
With 36.31% of the portfolio in the top 10 and 60 disclosed holdings overall, the structure appears moderately concentrated at the top and then more dispersed across a longer tail. That balance may help reduce dependence on any one position while still leaving the leading holdings with greater influence on returns.
Source data date: as of 09 Sep 2026
Who should invest
This fund suits investors who can accept High Risk and who are willing to stay invested for at least a medium-to-long horizon. The 3-year and 5-year numbers show that the fund can build outcomes over time, but the one-year result also shows that shorter holding periods can be choppier.
The main trade-off is between the possibility of stronger long-term compounding and the reality of uneven short-term performance. Because the portfolio leans heavily toward banks and other large listed companies, the fund may appeal more to investors who want equity exposure with a value-and-dividend style tilt rather than a smooth return profile.
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% before 1 year, nil on or after 1 year.
Source data date: as of 09 Sep 2026
Frequently asked questions
What is the current NAV of UTI Dividend Yield Fund Direct Growth Plan?
The NAV is ₹187.7844 as of 09 Sep 2026.
How have the fund’s recent and longer-term returns looked?
The 1-year return is -0.39%, the 3-year return is 12.59%, and the 5-year return is 10.95%. That mix shows a weak recent patch but a stronger longer-term trend.
How does the fund compare with its benchmark?
It has outpaced the benchmark over 3 years and 5 years, while the 1-year return has still been less negative than the benchmark. The short-term and long-term pictures are therefore different.
How does it compare with other dividend-yield peer funds?
Its recent one-year return is weaker than several peers, while the 3-year and 5-year figures sit in a more competitive range. The comparison points to softer recent momentum but a better longer-run profile.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
What is the fund’s risk and exit load structure?
The fund is classified as High Risk. The exit load is 1% before 1 year and nil on or after 1 year, and the fund is managed by Amit Premchandani.
Bottom line
UTI Dividend Yield Fund Direct Growth Plan has a weaker one-year showing than its longer-term record, but the 3-year and 5-year returns still compare well with the benchmark. Against peers, the recent stretch looks softer, while the fuller-period picture is more stable. The portfolio’s tilt toward banks and other large positions gives it a clear style bias, and that means the fund is best viewed as an equity option for investors who can tolerate volatility and wait for the longer compounding story to play out.
Published on 10 September 2026 at 3:43 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.