Tata Dividend Yield Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Tata Dividend Yield Fund Direct Growth Plan currently has a NAV of ₹21.2432 as of 16 Sep 2026 and a scheme AUM of ₹1,156 Cr. Its 1-year, 3-year and 5-year returns are 8.72%, 13.65% and 13.19%, and it sits in the High Risk category.

Our view is that this is a fund for investors who can accept sharper ups and downs in exchange for a dividend-yield style equity portfolio. The return pattern is better over medium and longer stretches than over the last few months, while the holdings mix suggests a diversified but still stock-specific approach rather than a very broad index-like profile.

Quick facts

Particular	Details
NAV	₹21.2432 as of 16 Sep 2026
AUM	₹1,156 Cr
Expense Ratio	0.53%
Launch Date	20 May 2021
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 30D, Nil after 30D
Fund Managers	Sailesh Jain, Murthy Nagarajan, Hasmukh Vishariya

The fund is managed by Sailesh Jain, Murthy Nagarajan and Hasmukh Vishariya.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.43%	-4.41%
3M	-0.40%	-3.60%
1Y	8.72%	-7.76%
3Y	13.65%	5.74%
5Y	13.19%	5.67%

The recent picture is mixed but not weak in relative terms. The fund was down over 1 month and 3 months, yet it fell less than the benchmark in both periods. That tells us the portfolio has still held up better than the index in the latest pullback, even if absolute returns were negative.

The one-year number is more important for the current mood of the fund: 8.72% versus -7.76% for the benchmark is a wide gap in favour of the fund. That suggests the strategy has been much more resilient over a full year than the broad market measure it is compared against. For an equity fund, that kind of split usually points to a portfolio that is not simply riding the index.

Over 3 years and 5 years, the fund remains ahead of the benchmark as well, with returns of 13.65% and 13.19% against 5.74% and 5.67%. The longer pattern is therefore stronger than the recent 1M and 3M moves suggest. Our reading is that the fund has compounded steadily over medium and longer horizons, but it can still experience shorter periods of weakness.

That combination matters for investors. The fund has shown better longer-run compounding than the benchmark, but the short-term swings show why it still belongs in a higher-risk equity bucket rather than a stable-income bucket.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Tata 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 Tata Dividend Yield? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
Tata Dividend Yield Fund Direct Growth Plan	8.72%	13.65%	13.19%
LIC MF Dividend Yield Fund Direct Growth Plan	4.50%	17.78%	14.72%
SBI Dividend Yield Fund Direct Growth Plan	1.23%	10.09%	Data not available
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.

On 1-year returns, this fund is ahead of every peer shown here. LIC MF Dividend Yield Fund Direct Growth Plan has a weaker 1-year figure, while SBI Dividend Yield Fund Direct Growth Plan, Aditya Birla SL Dividend Yield Fund Direct Growth Plan and Baroda BNP Paribas Dividend Yield Fund Direct Growth Plan trail further behind on that same measure.

The longer view is more balanced. LIC MF Dividend Yield Fund Direct Growth Plan has a stronger 3-year and 5-year record than this fund, while the current fund is ahead of SBI Dividend Yield Fund Direct Growth Plan on 3-year numbers and ahead of Aditya Birla SL Dividend Yield Fund Direct Growth Plan on both 3-year and 5-year returns. The short-term and long-term comparisons therefore tell different stories: the current fund has the cleaner recent one-year showing, but LIC MF has the stronger medium-to-longer run among the peers with available figures.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd	Bank	3.21%
I) Repo	Cash & Cash Equivalents and Net Assets	3.11%
Radico Khaitan Ltd	Alcohol	3.10%
Larsen & Toubro Ltd	Infrastructure	2.89%
HDFC Bank Ltd	Bank	2.61%
PNB Housing Finance Ltd	Finance	2.61%
Multi Commodity Exchange of Ind Ltd	Finance	2.37%
PB Fintech Ltd	IT	2.35%
Bharat Electronics Ltd	Capital Goods	2.30%
State Bank of India	Bank	2.17%

The largest holding, ICICI Bank Ltd, is 3.21%, which is a modest single-stock weight rather than a dominant one. The drop from the largest position to the tenth holding is not extreme, moving from 3.21% to 2.17%, so the disclosed top positions are fairly tightly grouped.

At the same time, the top 10 holdings together account for 26.72% of the portfolio, while 71 holdings are disclosed in total. That suggests influence is spread across a reasonably long tail rather than being driven by just a few names alone. The fund may still be sensitive to stock-specific moves, but the visible structure does not look overly concentrated in the top few positions.

For investors, that mix can matter because it points to a portfolio where the larger holdings matter, yet the rest of the book may also contribute meaningfully. The presence of cash and repo among the top holdings also shows that the portfolio is not fully deployed into equities at every point, which may temper the day-to-day movement to some degree.

To see all holdings, visit the Tata Dividend Yield Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund is more suitable for investors who are comfortable with High Risk equity exposure and can stay invested long enough to ride out weaker short-term patches. The 1-year return is positive and clearly ahead of the benchmark, while the 3-year and 5-year numbers show steadier compounding, so the holding period should be measured in years rather than months.

The main trade-off is that you accept equity volatility in exchange for a strategy that has done better than the benchmark over the longer stretch but still experiences short-term drawdowns. The portfolio also looks sufficiently diversified across 71 disclosed holdings, which may reduce dependence on a single position, but it does not remove equity risk. This makes the fund more appropriate for investors who want a dividend-yield style equity allocation and can tolerate uneven near-term performance.

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: 0.50% on or before 30D, Nil after 30D.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Tata Dividend Yield Fund Direct Growth Plan?
The current NAV is ₹21.2432 as of 16 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 8.72% for 1 year, 13.65% for 3 years and 13.19% for 5 years.

How has the fund performed against its benchmark?
It has outperformed the benchmark over 1 year, 3 years and 5 years. The benchmark return figures are -7.76%, 5.74% and 5.67% for those same periods.

How does the fund compare with the peer funds shown here?
It leads the peer set on the 1-year measure, while LIC MF Dividend Yield Fund Direct Growth Plan has stronger 3-year and 5-year figures among the peers with available data. The comparison is mixed across time periods rather than one-sided.

Is there a minimum SIP for this fund?
Yes. The minimum SIP is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Sailesh Jain, Murthy Nagarajan and Hasmukh Vishariya. The exit load is 0.50% on or before 30D and nil after 30D.

Bottom line

Tata Dividend Yield Fund Direct Growth Plan has a stronger medium- and longer-term record than its recent few months, and it also compares well against the benchmark across every reported horizon. In the peer set, its 1-year number stands out, while LIC MF Dividend Yield Fund Direct Growth Plan has the stronger 3-year and 5-year stretch among the peers with available figures. The High Risk tag fits a portfolio that holds a mix of equities and cash-like positions, with the top 10 holdings accounting for just over a quarter of assets.

Published on 17 September 2026 at 10:17 AM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.