UTI Dividend Yield Fund

UTI Dividend Yield Fund has delivered long-term SIP XIRR of 15.91% over 10 years and 16.72% over 5 years, trailing the category averages of 17.12% and 17.50% for those periods, though its 3Y XIRR of 16.99% beats the category's 16.17%. Against the NIFTY 50, the fund shows consistent positive alpha across every window, from 0.82% over 1Y to 6.41% over 3Y. Its 12Y lump-sum CAGR of 11.91% also exceeds the benchmark's 9.03%, underscoring durable long-term outperformance.

The fund exhibits a defensive risk profile with a beta of roughly 0.80 to 0.82 across all horizons and downside capture consistently between 77% and 82%, meaning it falls meaningfully less than the NIFTY 50 in declines. It has experienced 5 drawdown events exceeding 10%, with the longest drawdown lasting 570 days and recovering in 149 days. Stable Calmar ratios of 0.43 to 0.50 across horizons reflect a consistent risk-adjusted return profile.

Detailed holdings and sector data were not provided for this analysis, so no specific portfolio assessment can be made. As a dividend yield fund, its mandate requires focus on companies with high dividend payouts, which typically results in an overweight to mature, cash-generative sectors. Investors should review the current factsheet for actual top holdings and sector concentration before investing.

The fund's 3Y XIRR of 16.99% leads the category average of 16.17%, but it lags over longer periods, with 5Y, 7Y, and 10Y XIRR trailing category averages of 17.50%, 17.07%, and 17.12% respectively. Its calendar-year record shows strong consistency, with 10 of the last 14 years producing positive returns, including standout years like 42.19% in 2014, 39.00% in 2021, and 35.51% in 2023. Losses in down years have generally been modest, with the worst being -7.51% in 2026.

This fund suits conservative equity investors seeking lower volatility than the broad market, given its beta near 0.80 and downside capture under 82%. A horizon of at least 5 to 7 years is appropriate to allow its long-term alpha to compound, as 1Y SIP XIRR of 9.17% trails the category but 3Y+ returns are competitive. It fits investors with moderate risk tolerance who prioritize capital preservation in downturns over maximum upside participation.

• Consistently positive alpha versus the NIFTY 50 across all time horizons, peaking at 6.41% over 3Y
• Strong downside protection with downside capture between 77% and 82% and beta near 0.80, cushioning market declines
• Resilient SIP returns of 16.99% over 3Y and 16.72% over 5Y, comfortably in the mid-teens across every measured window

• Trails category average SIP XIRR over the 5Y, 7Y, 10Y, and 1Y periods, indicating middling peer-relative performance
• Relatively high expense ratio of 1.46% for a direct plan, which can erode net returns over long holding periods
• Limited upside participation (upside capture mostly 80% to 90%), meaning the fund will lag significantly in strong bull markets