Aditya Birla Sun Life Dividend Yield Fund
Direct · GrowthAI Summary
Aditya Birla Sun Life Dividend Yield Fund has delivered a 5Y SIP XIRR of 16.98% and 3Y XIRR of 17.23%, comfortably beating the NIFTY 50 across most periods with positive alpha, including 6.05% over 5Y. On a lump-sum basis, it outpaced the NIFTY 50 CAGR in every comparison window, for example 11.34% vs 5.16% over 5Y. However, its SIP XIRR trails the category average at longer horizons, with 15.82% vs 17.11% over 10Y and 16.98% vs 17.5% over 5Y.
The fund shows consistently low beta (0.78-0.95) and downside capture below the benchmark every window (for example 81.8% over 12Y), indicating it falls less than the market during corrections. Positive alpha across all durations confirms reward for the risk taken, though Calmar ratios of roughly 0.31-0.40 suggest modest returns relative to peak-to-trough losses. The max drawdown recovery took 268 days after a 798-day drawdown period, so investors must tolerate extended recovery phases.
The 62-stock portfolio is well diversified, with the top 10 holdings making up just 38.1% and no single position above 4.8%. Banks is the largest sector at 13.8%, followed by IT-Software (11.9%), Capital Markets (8.1%), and Diversified FMCG (8.1%), giving a dividend-oriented tilt via names like NTPC, SBI, ITC, and Hindustan Unilever. Financials and market-sensitive sectors (banks plus capital markets exceed 21% combined) could pressure returns in weak financial-sector environments.
The fund beats its category on 1Y (10.83% vs 9.9%) and 3Y (17.23% vs 16.16%) XIRR, but lags meaningfully over 5Y, 7Y, and 10Y, where category averages run 17.07-17.5% versus the fund's 14.76-16.98%. Its strength is benchmark outperformance rather than peer leadership at long horizons, driven mainly by low downside capture. Calendar-year returns show good resilience in down markets, such as -8.2% in 2026 against the NIFTY 50's -10.92% 1Y CAGR.
This fund suits conservative-to-moderate equity investors seeking dividend-yield-oriented large caps with lower volatility than the broad market, ideally with a 7-10 year horizon. It is a reasonable core holding for those who prioritize downside protection and steady compounding over aggressive growth. Investors seeking the highest long-term SIP returns within the category may find peers more compelling, given the fund's category underperformance over 5Y and beyond.
- Consistent positive alpha across all measured windows, including 6.59% over 7Y and 6.05% over 5Y versus the NIFTY 50
- Low downside capture (77-92% across windows) and beta below 1, offering meaningful downside protection
- Well diversified portfolio of 62 stocks with the top 10 at only 38.1% of NAV and no position above 4.8%
- SIP XIRR trails category averages over 5Y (16.98% vs 17.5%), 7Y (14.76% vs 17.07%), and 10Y (15.82% vs 17.11%)
- Low upside capture (84.75-96.53%) limits participation in strong bull markets, and the 798-day max drawdown duration with a 268-day recovery reflects extended recovery phases
Generated on 03-11-2026, 4:39 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.71 L | 17.6% | -53.7% | 89.6% |
| 3 Years | ₹36.00 L | ₹44.23 L | 14.3% | -24.8% | 39.4% |
| 5 Years | ₹60.00 L | ₹86.94 L | 14.2% | -12.5% | 33.2% |
| 7 Years | ₹84.00 L | ₹1.40 Cr | 14.7% | -5.1% | 26.0% |
| 10 Years | ₹1.20 Cr | ₹2.74 Cr | 15.8% | 11.5% | 20.2% |
| 12 Years | ₹1.44 Cr | ₹3.73 Cr | 14.9% | 12.3% | 17.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.6% | 14.3% | 9.8% | +3.3% |
| 3 Years | 14.3% | 11.0% | 16.1% | +3.2% |
| 5 Years | 14.2% | 10.4% | 17.5% | +3.8% |
| 7 Years | 14.7% | 10.6% | 17.1% | +4.2% |
| 10 Years | 15.8% | 11.4% | 17.1% | +4.3% |
| 12 Years | 14.9% | 11.3% | 15.8% | +3.6% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.7% | 9.8% | -31.2% | 81.8% | 0.45 | 1.28 | 75% | — | — |
| 3 Years | 14.7% | 16.3% | -11.0% | 35.3% | 0.90 | 2.71 | 93% | — | — |
| 5 Years | 13.7% | 12.7% | -4.3% | 31.8% | 0.99 | 4.39 | 98% | — | — |
| 10 Years | 14.0% | 13.8% | 11.1% | 17.8% | 5.26 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.00 | 0.85 | 88.5% | 84.1% | -4.7% | -9.0% |
| 3 Years | +3.46 | 0.95 | 96.5% | 91.5% | 10.4% | 7.0% |
| 5 Years | +5.99 | 0.90 | 93.7% | 85.7% | 11.6% | 5.5% |
| 7 Years | +6.54 | 0.78 | 84.9% | 77.3% | 15.8% | 10.1% |
| 10 Years | +2.09 | 0.79 | 84.8% | 81.6% | 11.9% | 10.7% |
| 12 Years | +2.33 | 0.81 | 85.4% | 81.8% | 10.8% | 9.0% |
| 15 Years | +2.28 | 0.81 | 85.8% | 82.1% | 11.2% | 9.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Britannia Industries Ltd. | 5.44% |
| 2 | State Bank of India | 4.66% |
| 3 | ICICI Bank Ltd. | 4.40% |
| 4 | Shriram Finance Ltd. | 3.94% |
| 5 | Eternal Ltd. | 3.24% |
| 6 | Bharat Petroleum Corporation Ltd. | 3.08% |
| 7 | LTM Ltd. | 2.93% |
| 8 | Sagility Ltd. | 2.63% |
| 9 | Acme Solar Holdings Ltd. | 2.43% |
| 10 | JSW Energy Ltd. | 2.36% |