Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Dividend Yield Fund

Holds 70 companies worth ₹6,222 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹6,328 CrICICI Prudential Dividend Yield Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.7% on Aug 2026, ₹6,712 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.3% of this scheme's NAV.

  • Fund manager

    Mittul KalawadiaRuns it since 29 Jan 2018, as the fund house dates it.

Overview(1 Sept 2026)

Fund managers1

  1. Mittul KalawadiaFund manager · Jan 2018 · 19y · M.Com B.Com

    Key facts

    Benchmark
    Nifty 500 TRI
    Risk
    Very High
    Expense
    Regular 0.56% · Direct 1.55%
    Exit load
    1% of the applicable NAV - If the amount sought to be redeemed or switched out is invested for a period of up to one month from the date of allotment. • NIL – If the amount sought to be redeemed or switched out is invested for a period of more than one month from the date of allotment.
    Started
    16 May 2014
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

    What changed(5 changes)

    Aug 2026

    2 changes
    1. Expense ratio
      31 AugRegular 0.59% → 0.56%Direct 1.82% → 1.55%
    2. Renamed
      31 AugICICI Prudential Dividend Yield Equity Fund → ICICI Prudential Dividend Yield Fund

    Apr 2026

    2 changes
    1. Exit load
      9 Apr1% within 1 year → 1% of the applicable NAV - If the amount sought to be redeemed or switched out is invested for a period of up to one month from the date of allotment. • NIL – If the amount sought to be redeemed or switched out is invested for a period of more than one month from the date of allotment.
    2. Expense ratio
      9 AprRegular 2.32% → 0.59%Direct 1.19% → 1.82%

    Jan 2026

    1 change
    1. Expense ratio
      5 JanRegular 1.82% → 2.32%Direct 0.57% → 1.19%

    Source.Its filings at NSE, since Sept 2025.

    Fund managers over time(Jan 2018 – now)

    1. Mittul Kalawadia
    MainCoSlice20192020202120222023202420252026
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Sept 2025 – Sept 2026)

    Every change to the expense ratio, newest first.
    4 changesRegularDirectΔ pt
    31 Aug 20260.56%1.55%0.27
    9 Apr 20260.59%1.82%0.63
    5 Jan 20262.32%1.19%0.62
    24 Sept 20251.82%0.57%–
    Direct plan, 31 Aug 2026
    1.55%
    Regular plan 0.56% · Exit load 1% of the applicable NAV - If the amount sought to be redeemed or switched out is invested for a period of up to one month from the date of allotment. • NIL – If the amount sought to be redeemed or switched out is invested for a period of more than one month from the date of allotment.
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(1 Sept 2026)

    Objective

    The investment objective of ICICI Prudential Dividend Yield Fund is to provide medium to long term capital gains and/or dividend distribution by predominantly investing in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

    Risk, type and benchmark

    Riskometer
    Very High
    At launch
    Very High
    Type
    Open Ended
    Benchmark
    Nifty 500 TRI
    Benchmark 2
    Nifty 50 TRI

    Asset allocation it may hold% of NAV

    1. Equity & Equity related securities of dividend yielding companies
      Allowed80–100%
    2. Other Equity & Equity related securities
      Allowed0–20%
    3. Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds
      Allowed0–20%
    4. Units issued by INVITs
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.98.3% equity · 1.7% debt and cash

    How to invest(1 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    SIP how often
    Daily,Weekly,Fortnightly,Monthly,Quarterly
    SIP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
    SIP minimum
    Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000 Choti SIP = Monthly = Rs. 250 only (For classifying as Choti SIP amount should not be more or less than Rs.250/-), then re. 1/-
    SIP instalments
    Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4 Choti SIP = Monthly = 60

    Selling and switching

    To redeem
    Any amount
    Switch minimum
    ₹5,000
    Switch multiples
    Any amount
    STP how often
    Daily,Weekly,Fortnightly,Monthly,Quarterly
    STP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
    STP minimum
    Monthly, Weekly, Fortnightly,Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
    STP instalments
    Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4
    SWP how often
    Monthly,Quarterly, Half Yearly,Annual
    SWP dates
    Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
    SWP instalments
    Monthly,Quarterly, Half Yearly,Annual = 2

    Scheme details(1 Sept 2026)

    What it is

    Category
    Equity - Dividend Yield Fund
    Offer
    25 Apr 2014 to 9 May 2014
    Started
    16 May 2014
    Reopened
    19 May 2014
    Plans
    ICICI Prudential Dividend Yield Fund - Direct Plan - Growth · ICICI Prudential Dividend Yield Fund - Direct Plan - IDCW · ICICI Prudential Dividend Yield Fund - Growth · ICICI Prudential Dividend Yield Fund - IDCW
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    Citibank N.A.,HDFC Bank Limited, HSBC and SBI-SG Global Securities Services Private Limited
    Auditor
    BSR & Co. LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    ICIC/O/E/DYF/14/02/0048