LIC MF Dividend Yield Fund
Direct · GrowthAI Summary
LIC MF Dividend Yield Fund has delivered strong SIP XIRR of 22.01% over 1Y, 21.66% over 3Y, and 22.58% over 5Y, comfortably ahead of the category average SIP XIRR of 15.59%, 16.95%, and 16.84% respectively. Against the NIFTY 50, the fund has generated substantial alpha of 14.66% over 1Y, 13.72% over 3Y, and 9.20% over 5Y, with the 3Y fund CAGR of 21.52% more than doubling the benchmark's 7.75%. Long-term lump-sum performance also holds up, with a 15Y fund CAGR of 9.0% versus the benchmark's 5.44%.
The fund shows a favorable downside profile with a maximum drawdown of just -0.33% over 32 days and no drawdown events exceeding 10% beyond three recorded instances, indicating contained losses during corrections. Downside capture is consistently below 100% across all windows, ranging from 76.03% over 15Y to 93.32% over 3Y, meaning the fund loses less than the NIFTY 50 in falling markets. Calmar ratios of 0.65 to 0.69 across 1Y to 5Y windows reflect solid risk-adjusted returns, though the 7Y Calmar of 0.5735 is comparatively weaker.
The portfolio is well diversified across 55 holdings, with the top position HDFC Bank at only 5.02% of NAV, limiting single-stock concentration risk. Banks dominate at 15.3% of the portfolio, followed by Industrial Products (6.3%), Electrical Equipment (6.2%), Automobiles (6.0%), and Finance (5.4%), giving a dividend-oriented tilt toward financials and high-yield sectors. The presence of names like Garware Hi-Tech Films, Avalon Technologies, and Allied Blenders alongside HDFC Bank and TCS suggests a blend of dividend payers across mid and large caps.
The fund outperforms its category peers on SIP XIRR across every comparable window, beating the category average by roughly 4.5 to 6.4 percentage points over 1Y to 7Y horizons. Consistency is evident in calendar year returns, with gains in 2020 (25.68%), 2021 (30.92%), 2023 (33.37%), and 2024 (32.79%), and only a mild -1.41% in 2022 and flat 0.0% in 2018. This track record of steady outperformance versus both benchmark and peers positions it among the stronger performers in the Dividend Yield category.
This fund suits investors seeking a dividend-yield-oriented equity strategy with lower downside risk, as evidenced by its sub-100% downside capture and shallow drawdowns. A time horizon of at least 5 years is appropriate to fully benefit from the demonstrated 5Y SIP XIRR of 22.58% and long-term alpha generation. It is suitable for moderate-risk investors who want equity growth with a cushion in falling markets, but should not expect benchmark-matching upside in strong rallies given upside capture of only 85.52% over 15Y.
- SIP XIRR of 22.01% (1Y), 21.66% (3Y), and 22.58% (5Y) beats the category average by 4.5 to 6.4 percentage points across all windows
- Consistently low downside capture (76.03% to 93.32%) with a maximum drawdown of only -0.33%, indicating strong downside protection
- Substantial alpha versus NIFTY 50 across all horizons, including 14.66% over 1Y and 9.43% over 7Y
- Upside capture has weakened in longer windows, falling to 85.52% over 10Y and beyond, meaning the fund lags the benchmark in strong bull phases
- Bank sector concentration of 15.3% exposes the portfolio to financial sector downturns, and the 7Y Calmar ratio of 0.5735 is the weakest among the measured windows
Generated on 10-09-2026, 3:02 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 | ₹12.84 L | 22.0% | -45.9% | 78.6% |
| 3 Years | ₹36.00 L | ₹48.12 L | 21.7% | 3.8% | 40.7% |
| 5 Years | ₹60.00 L | ₹1.02 Cr | 22.6% | 11.2% | 32.6% |
| 7 Years | ₹84.00 L | ₹1.64 Cr | 19.0% | 15.0% | 21.7% |
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 | 22.0% | 14.4% | 15.6% | +7.6% |
| 3 Years | 21.7% | 11.1% | 16.9% | +10.5% |
| 5 Years | 22.6% | 10.4% | 16.8% | +12.1% |
| 7 Years | 19.0% | 10.6% | 17.1% | +8.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 21.2% | 14.7% | -22.6% | 83.6% | 0.71 | 3.59 | 88% | — | — |
| 3 Years | 21.7% | 21.6% | 14.4% | 30.4% | 5.50 | — | 100% | — | — |
| 5 Years | 22.4% | 22.5% | 15.0% | 30.6% | 4.43 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +14.66 | 1.03 | 105.2% | 86.4% | 11.5% | -2.9% |
| 3 Years | +13.72 | 1.04 | 109.8% | 93.3% | 21.5% | 7.8% |
| 5 Years | +9.20 | 0.96 | 99.3% | 88.2% | 17.0% | 7.8% |
| 7 Years | +9.43 | 0.83 | 89.7% | 79.6% | 20.4% | 11.8% |
| 10 Years | +5.87 | 0.81 | 85.5% | 76.0% | 13.8% | 8.3% |
| 12 Years | +4.60 | 0.81 | 85.5% | 76.0% | 11.4% | 6.8% |
| 15 Years | +3.36 | 0.81 | 85.5% | 76.0% | 9.0% | 5.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. | 5.02% |
| 2 | Garware Hi-Tech Films Ltd. | 4.44% |
| 3 | ICICI Bank Ltd. | 3.94% |
| 4 | Avalon Technologies Ltd. | 3.63% |
| 5 | Tata Consultancy Services Ltd. | 2.86% |
| 6 | Axis Bank Ltd. | 2.59% |
| 7 | Kotak Mahindra Bank Ltd. | 2.54% |
| 8 | Allied Blenders And Distillers Ltd. | 2.34% |
| 9 | NTPC Ltd. | 2.22% |
| 10 | Apollo Hospitals Enterprise Ltd. | 2.21% |