Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Dividend Yield Fund

Holds 56 companies worth ₹701 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹738 CrLIC MF Dividend Yield Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.8% on Aug 2026, ₹759 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 4.7% of this scheme's NAV.

  • Fund manager

    Dikshit MittalRuns it since 31 Jul 2023, as the fund house dates it. With Sumit Bhatnagar (co-manager).

Overview(31 Aug 2026)

Fund managers2

  1. Dikshit MittalFund manager · Jul 2023
  2. Sumit BhatnagarCo-manager · Sept 2026
  1. Karan DoshiJul 2024 – Apr 2026

Key facts

Benchmark
NIFTY 500 - TRI
Risk
Very High
Expense
Regular 2.36% · Direct 0.87%
Exit load
Nil
Started
21 Dec 2018
Minimum
₹5,000

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(8 changes)

Aug 2026

1 change
  1. Sumit Bhatnagar joined
    31 Augas co-manager

Apr 2026

2 changes
  1. Karan Doshi left
    11 Aprran it as fund manager from Jul 2024
  2. Expense ratio
    7 AprRegular 2.34% → 2.36%Direct 0.77% → 0.87%

Jan 2026

1 change
  1. Expense ratio
    29 JanDirect 0.75% → 0.77%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jul 2023 – now)

  1. Dikshit Mittal
  2. Sumit Bhatnagar
  3. Karan Doshi
MainCoSlice202420252026
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(Aug 2024 – Aug 2026)

Every change to the expense ratio, newest first.
7 changesRegularDirectΔ pt
7 Apr 20262.36%0.87%0.10
29 Jan 20262.34%0.77%0.02
22 Jul 20252.34%0.75%0.07
13 May 20252.37%0.68%0.01
7 Jan 20252.38%0.69%0.53
21 Oct 20242.46%1.22%0.22
14 Aug 20242.49%1.44%–
Direct plan, 7 Apr 2026
0.87%
Regular plan 2.36% · Exit load nil
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(31 Aug 2026)

Objective

The Investment objective of the Scheme is to provide long term capital appreciation and/or Income Distribution cum Capital Withdrawal (IDCW) distribution by investing predominantly in dividend yielding equity and equity related instruments. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Moderately High
Type
An open ended equity scheme predominantly investing in dividend yielding stocks
Benchmark
NIFTY 500 - TRI

Asset allocation it may hold% of NAV

  1. EEquity and equity related instruments of dividend yielding companies
    Allowed80–100%Holds95.1%
  2. Equity and Equity related instruments other than dividend yielding companies, Money market instruments, other liquid instruments, INVITs and mutual funds units including Gold/ Silver ETFs
    Allowed0–20%

Holds in Sept 2026.95.1% equity · 4.9% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
Most
No Limit
Systematic
SIP Details -Daily,Weekly, Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
Dates
SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
Minimum
SIP Details - 100, 150,200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 1 | SWP Details - 1 | STP Details - 1
Instalments
"SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12 "
Most
No Limit

Selling and switching

To redeem
Rs 500 and in multiples of Re 1/- Thereafter or 10 units
Minimum balance
NIL or NIL units
Switch minimum
Switch - in: Rs.5000 and multiples of Rs. 1/- thereafter. Switch-out :Rs. 500 and multiples of Rs. 1/- thereafter or 500 units
Switch multiples
₹1 or 1 units
Switch most
No Limit or No Limit units

Scheme details(31 Aug 2026)

What it is

Category
Dividend Yield Fund
Offer
3 Dec 2018 to 17 Dec 2018
Started
21 Dec 2018
Reopened
31 Dec 2018
Plans
Direct Plan - IDCW-Payout Direct Plan - IDCW-Reinvestment Regular Plan - IDCW-Payout Regular Plan - IDCW-Reinvestment Direct Plan - Growth Regular Plan-Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Co LLP
Registrar
KFin Technologies Ltd
SEBI code
LICM/O/E/DYF/18/09/0021