Sundaram Dividend Yield Fund
Direct · GrowthAI Summary
Sundaram Dividend Yield Fund has delivered strong SIP XIRR of 15.71% over 3Y, 15.85% over 5Y, and 16.31% over 10Y, though these trail the category averages of 16.95%, 16.84%, and 17.28% respectively. Against the NIFTY 50, the fund has generated consistent positive alpha, including 4.32% over 3Y and 5.27% over 7Y, with lump-sum CAGR beating the benchmark across all periods (e.g., 13.93% vs 10.79% over 10Y). Recent 1Y XIRR of 18.08% also outpaces the category average of 15.59%.
The fund exhibits a defensive risk profile with beta below 1 across all periods (0.79 to 0.93) and downside capture consistently below upside capture, such as 78.95% downside vs 82.16% upside over 1Y. The maximum drawdown of just -0.33% with a 54-day duration and 177-day recovery indicates shallow, quickly recovered corrections. Calmar ratios of roughly 0.46 to 0.53 across horizons reflect steady risk-adjusted returns rather than high-octane performance.
The 54-stock portfolio is anchored in high-dividend-payout names, with HDFC Bank (4.69%), ICICI Bank (4.58%), and NTPC (3.97%) as top holdings. Banks dominate at 16.3% of the portfolio, followed by Power (9.7%) and IT-Software (9.6%), giving meaningful but not excessive sector concentration. The top 10 holdings total roughly 33% of NAV, indicating reasonable diversification with a value/dividend tilt.
The fund lags category average SIP XIRR across most horizons, trailing by roughly 1.2 to 1.4 percentage points over 3Y, 5Y, and 10Y. However, its consistency is a standout, with rolling returns tightly clustered between 15.04% and 17.25% across 1Y to 12Y windows. Its alpha over the NIFTY 50 across every measured period suggests the shortfall versus peers is relative rather than absolute underperformance.
This fund suits conservative-to-moderate investors seeking steady wealth creation with lower volatility than the broader market, given its sub-1 beta and strong downside protection. A horizon of 5 to 7 years or more is appropriate, as evidenced by consistent 15%+ returns over longer windows. It fits investors comfortable with a dividend-yield/value style that may lag in aggressive growth rallies but cushions drawdowns.
- Consistent positive alpha over NIFTY 50 across all periods, including 5.27% over 7Y and 4.32% over 3Y
- Strong downside protection with downside capture below upside capture in every period (e.g., 78.95% vs 82.16% over 1Y)
- Remarkably consistent rolling returns between 15.04% and 17.25% across all rolling windows from 1Y to 12Y
- SIP XIRR trails category averages across 3Y, 5Y, 7Y, 10Y, and 12Y horizons, often by over 1 percentage point
- Recent calendar year returns are weak, with -5.11% in 2026 and only 4.23% in 2025, and Banks exposure of 16.3% adds sector concentration risk
Generated on 11-09-2026, 3:12 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 | ₹12.66 L | 18.1% | -49.9% | 85.6% |
| 3 Years | ₹36.00 L | ₹45.20 L | 15.7% | -18.4% | 34.6% |
| 5 Years | ₹60.00 L | ₹88.58 L | 15.9% | -4.9% | 28.4% |
| 7 Years | ₹84.00 L | ₹1.47 Cr | 15.8% | 1.1% | 23.3% |
| 10 Years | ₹1.20 Cr | ₹2.78 Cr | 16.3% | 13.3% | 20.2% |
| 12 Years | ₹1.44 Cr | ₹3.92 Cr | 15.6% | 13.4% | 18.2% |
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 | 18.1% | 14.4% | 15.6% | +3.7% |
| 3 Years | 15.7% | 11.1% | 16.9% | +4.6% |
| 5 Years | 15.9% | 10.4% | 16.8% | +5.4% |
| 7 Years | 15.8% | 10.6% | 17.1% | +5.2% |
| 10 Years | 16.3% | 11.5% | 17.3% | +4.8% |
| 12 Years | 15.6% | 11.4% | 16.1% | +4.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.3% | 12.9% | -27.2% | 87.0% | 0.54 | 1.73 | 80% | — | — |
| 3 Years | 15.9% | 16.5% | -2.6% | 31.8% | 1.76 | 10.26 | 100% | — | — |
| 5 Years | 15.7% | 16.3% | 2.1% | 28.3% | 1.96 | 35.59 | 100% | — | — |
| 10 Years | 15.8% | 15.8% | 13.0% | 18.8% | 7.32 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +0.99 | 0.79 | 82.2% | 79.0% | 0.1% | -2.9% |
| 3 Years | +4.32 | 0.93 | 95.5% | 89.7% | 12.0% | 7.8% |
| 5 Years | +3.14 | 0.90 | 91.7% | 87.2% | 10.8% | 7.8% |
| 7 Years | +5.27 | 0.85 | 88.3% | 82.3% | 16.3% | 11.8% |
| 10 Years | +3.75 | 0.86 | 89.3% | 84.5% | 13.9% | 10.8% |
| 12 Years | +3.83 | 0.88 | 90.6% | 85.7% | 13.2% | 9.8% |
| 15 Years | +2.64 | 0.88 | 90.7% | 86.8% | 12.0% | 9.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd | 4.78% |
| 2 | HDFC Bank Ltd | 4.57% |
| 3 | State Bank of India | 3.90% |
| 4 | NTPC LTD | 3.86% |
| 5 | Infosys Ltd | 3.00% |
| 6 | Coal India Ltd | 2.99% |
| 7 | Oil & Natural Gas Corporation Ltd | 2.87% |
| 8 | Power Grid Corporation of India Ltd | 2.86% |
| 9 | Tech Mahindra Ltd | 2.83% |
| 10 | GAIL (India) Ltd | 2.59% |