The latest data from ACE Mutual Fund shows that the SBI Dividend Yield Fund leads the dividend‑yield mutual fund category on a one‑year compound annual growth rate (CAGR). It posted a 2.7% return, beating all other large‑asset schemes in the segment.
ICICI Pru Dividend Yield Equity Fund comes next with a 1.2% one‑year CAGR, while UTI Dividend Yield Fund lags behind with a negative 1.2% return. These figures are based on schemes that have assets under management of at least Rs 1,500 crore.
Among the top five funds that meet the asset threshold, SBI Dividend Yield Fund also has the biggest corpus, holding Rs 8,473.8 crore. This makes it the most heavily invested scheme in the category.
When compared to its benchmark index, the SBI fund fell short by 1.7 percentage points over the past year. The benchmark itself delivered a 4.4% return during that period.
Over a three‑year horizon, the gap widens: the SBI fund trails its benchmark by 5.8 percentage points, while the benchmark achieved a 16.8% return.
On shorter time frames, the fund performs better. It earned 0.9% in the last month and 1.7% in the last three months, placing it at the top of those charts.
The three‑year comparison shows a shift in leadership, with ICICI Pru Dividend Yield Equity Fund topping the list at 17.1%.
These rankings can change when the comparison window is altered, so investors should look at both short‑term and long‑term returns. It is also important to compare funds that share the same investment mandate, as different categories can have varying risk and strategy profiles.