HDFC Dividend Yield Fund

HDFC Mutual FundEquityPortfolio as of 31 July 2026

HDFC Dividend Yield Fund holds 129 instruments (99.33% equity), led by ICICI Bank Limited (5.41%), HDFC Bank Limited (5.12%) and Axis Bank Limited (3.52%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

129

Equity Allocation

99.33%

AMC

HDFC Mutual Fund

Portfolio Analysis

HDFC Dividend Yield Fund's top 10 holdings account for 30.66% of its portfolio, more diversified than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 29.37% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 0 new positions and exited 2 positions, with HDFC Bank Limited seeing the largest move (-0.38pp to 5.12%).

Top 10 Equity Holdings

ICICI Bank Limited · 5.41%HDFC Bank Limited · 5.12%Axis Bank Limited · 3.52%Bharti Airtel Limited · 2.72%Larsen & Toubro Limited · 2.56%Maruti Suzuki India Limited · 2.42%Tech Mahindra Limited · 2.32%Reliance Industries Limited · 2.3%Sun Pharmaceutical Industries Limited · 2.17%Kotak Mahindra Bank Limited · 2.12%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

2 exits10 increased9 reduced

Complete Exits

Wipro Limited · was 0.52%NLC India Limited · was 0%

Biggest Weight Increases

Stock	Weight	Change
HCL Technologies Limited	1.36% → 1.7%	▲ +0.34
Tech Mahindra Limited	1.99% → 2.32%	▲ +0.33
Info Edge (India) Limited	1.25% → 1.56%	▲ +0.31
Bajaj Auto Limited	1.8% → 2.05%	▲ +0.25
ICICI Bank Limited	5.22% → 5.41%	▲ +0.19
Infosys Limited	1.47% → 1.65%	▲ +0.18
Tata Consultancy Services Limited	1.19% → 1.37%	▲ +0.18
Eicher Motors Limited	1.45% → 1.6%	▲ +0.15
Bharti Airtel Limited	2.57% → 2.72%	▲ +0.15
SBI Life Insurance Company Limited	1.87% → 1.98%	▲ +0.11

Biggest Weight Reductions

Stock	Weight	Change
HDFC Bank Limited	5.5% → 5.12%	▼ -0.38
Axis Bank Limited	3.88% → 3.52%	▼ -0.36
Sterlite Technologies Limited	1.74% → 1.44%	▼ -0.3
Gland Pharma Limited	0.44% → 0.23%	▼ -0.21
Larsen & Toubro Limited	2.71% → 2.56%	▼ -0.15
Coal India Limited	1.24% → 1.09%	▼ -0.15
TD Power Systems Limited	0.68% → 0.55%	▼ -0.13
NTPC Limited	1.83% → 1.71%	▼ -0.12
Finolex Cables Limited	0.62% → 0.52%	▼ -0.1

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

ICICI Bank Limited

5.41%

HDFC Bank Limited

5.12%

Axis Bank Limited

3.52%

Bharti Airtel Limited

2.72%

Larsen & Toubro Limited

2.56%

Full Portfolio (129 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	5.41%
2	HDFC Bank Limited	Financial Services	5.12%
3	Axis Bank Limited	Financial Services	3.52%
4	Bharti Airtel Limited	Telecommunication	2.72%
5	Larsen & Toubro Limited	Industrials	2.56%
6	Maruti Suzuki India Limited	Consumer Discretionary	2.42%
7	Tech Mahindra Limited	Information Technology	2.32%
8	Reliance Industries Limited	Energy	2.3%
9	Sun Pharmaceutical Industries Limited	Healthcare	2.17%
10	Kotak Mahindra Bank Limited	Financial Services	2.12%
11	Bajaj Auto Limited	Consumer Discretionary	2.05%
12	SBI Life Insurance Company Limited	Financial Services	1.98%
13	State Bank of India	Financial Services	1.98%
14	NTPC Limited	Utilities	1.71%
15	HCL Technologies Limited	Information Technology	1.7%
16	Infosys Limited	Information Technology	1.65%
17	Eicher Motors Limited	Consumer Discretionary	1.6%
18	Info Edge (India) Limited	Consumer Discretionary	1.56%
19	IndusInd Bank Limited	Financial Services	1.51%
20	Sterlite Technologies Limited	Telecommunication	1.44%
21	Aster DM Healthcare Limited	Healthcare	1.37%
22	Tata Consultancy Services Limited	Information Technology	1.37%
23	Tata Steel Limited	Materials	1.33%
24	Cipla Limited	Healthcare	1.13%
25	ITC Limited	Consumer Staples	1.13%
26	Coal India Limited	Energy	1.09%
27	Apollo Hospitals Enterprise Limited	Healthcare	1.05%
28	Hindustan Unilever Limited	Consumer Staples	1.05%
29	Balrampur Chini Mills Limited	Consumer Staples	1.03%
30	Ambuja Cements Limited	Materials	0.99%
31	Hindustan Petroleum Corporation Limited	Energy	0.99%
32	Oil & Natural Gas Corporation Limited	Energy	0.94%
33	Cummins India Limited	Industrials	0.92%
34	Power Finance Corporation Limited	Financial Services	0.89%
35	PVR INOX Limited	Consumer Discretionary	0.88%
36	CESC Limited	Utilities	0.87%
37	Nestle India Limited	Consumer Staples	0.85%
38	UPL Limited	Materials	0.8%
39	EMBASSY OFFICE PARKS REIT	Real Estate	0.78%
40	Cholamandalam Financial Holdings Limited	Financial Services	0.77%
41	Hindustan Aeronautics Limited	Industrials	0.77%
42	AIA Engineering Limited	Industrials	0.73%
43	Fusion Finance Limited	Financial Services	0.73%
44	Siemens Limited	Industrials	0.66%
45	REC Limited	Financial Services	0.65%
46	RHI MAGNESITA INDIA LIMITED	Industrials	0.65%
47	GAIL (India) Limited	Utilities	0.64%
48	Vardhman Textiles Limited	Consumer Discretionary	0.63%
49	VRL Logistics Limited	Services	0.63%
50	Tata Communications Limited	Telecommunication	0.62%
51	Apollo Tyres Limited	Consumer Discretionary	0.6%
52	Kaynes Technology India Limited	Industrials	0.6%
53	PNB Housing Finance Limited	Financial Services	0.6%
54	TREPS - Tri-party Repotreps	—	0.6%
55	Blue Dart Express Limited	Services	0.59%
56	Glenmark Pharmaceuticals Limited	Healthcare	0.59%
57	RBL Bank Limited	Financial Services	0.59%
58	Bharat Electronics Limited	Industrials	0.58%
59	Bosch Limited	Consumer Discretionary	0.57%
60	Divi's Laboratories Limited	Healthcare	0.57%
61	HDFC Life Insurance Company Limited	Financial Services	0.57%
62	Siemens Energy India Limited	Industrials	0.57%
63	Godrej Consumer Products Limited	Consumer Staples	0.56%
64	BEML Land Assets Limited	Financial Services	0.55%
65	Biocon Limited	Healthcare	0.55%
66	TD Power Systems Limited	Industrials	0.55%
67	NHPC Limited	Utilities	0.54%
68	Tata Motors Limited	Industrials	0.54%
69	Bajaj Finserv Limited	Financial Services	0.53%
70	Finolex Cables Limited	Industrials	0.52%
71	UTI Asset Management Company Limited	Financial Services	0.52%
72	SAGILITY LIMITED	Information Technology	0.5%
73	Bharti Hexacom Limited	Telecommunication	0.48%
74	Asian Paints Limited	Consumer Discretionary	0.45%
75	SKF India (Industrial) Limited	Industrials	0.45%
76	Canara Bank	Financial Services	0.44%
77	Indraprastha Gas Limited	Utilities	0.43%
78	InterGlobe Aviation Limited	Services	0.43%
79	Mahindra & Mahindra Limited	Consumer Discretionary	0.42%
80	Dilip Buildcon Limited	Industrials	0.38%
81	Lupin Limited	Healthcare	0.38%
82	Whirlpool of India Limited	Consumer Discretionary	0.37%
83	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.36%
84	Cyient Limited	Information Technology	0.35%
85	Emami Limited	Consumer Staples	0.35%
86	Mahindra Holidays & Resorts India Limited	Consumer Discretionary	0.35%
87	PNC Infratech Limited	Industrials	0.34%
88	Medi Assist Healthcare Services Limited	Financial Services	0.32%
89	Emcure Pharmaceuticals Limited	Healthcare	0.31%
90	Star Health and Allied Insurance Company Limited	Financial Services	0.3%
91	GHCL Limited	Materials	0.28%
92	Anthem Biosciences Limited	Healthcare	0.26%
93	KEC International Limited	Industrials	0.25%
94	Diffusion Engineers Limited	Industrials	0.24%
95	INOX India Limited	Industrials	0.24%
96	SKF India Limited	Consumer Discretionary	0.24%
97	INDUS INFRA TRUST	Services	0.24%
98	Gland Pharma Limited	Healthcare	0.23%
99	Quess Corp Limited	Industrials	0.23%
100	Endurance Technologies Limited	Consumer Discretionary	0.22%
101	STL Networks Limited	Telecommunication	0.22%
102	Castrol India Limited	Energy	0.2%
103	West Coast Paper Mills Limited	Materials	0.2%
104	Electronics Mart India Limited	Consumer Discretionary	0.19%
105	Voltamp Transformers Limited	Industrials	0.17%
106	Gujarat Pipavav Port Limited	Services	0.16%
107	Popular Vehicles and Services Limited	Consumer Discretionary	0.15%
108	Chambal Fertilizers & Chemicals Limited	Materials	0.14%
109	DCX Systems Limited	Industrials	0.14%
110	EPACK Durable Limited	Consumer Discretionary	0.14%
111	Go Fashion (India) Limited	Consumer Discretionary	0.14%
112	Jio Financial Services Limited	Financial Services	0.14%
113	Sun TV Network Limited	Consumer Discretionary	0.14%
114	BIRLASOFT LIMITED	Information Technology	0.13%
115	Dam Capital Advisors Limited	Financial Services	0.13%
116	Afcons Infrastructure Limited	Industrials	0.12%
117	BEML Limited	Industrials	0.12%
118	Techno Electric & Engineering Company Limited	Industrials	0.12%
119	Stanley Lifestyles Limited	Consumer Discretionary	0.11%
120	Timken India Limited	Industrials	0.1%
121	Bluspring Enterprises Limited	Industrials	0.08%
122	GHCL Textiles Limited	Consumer Discretionary	0.08%
123	Digitide Solutions Limited	Information Technology	0.07%
124	ITC Hotels Limited	Consumer Discretionary	0.07%
125	Sai Silks (Kalamandir) Limited	Consumer Discretionary	0.07%
126	Net Current Assetsother	—	0.07%
127	Sonata Software Limited	Information Technology	0.04%
128	Latent View Analytics Limited	Information Technology	0.03%
129	Kwality Wall's (India) Limited	Consumer Staples	0.02%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 5.41% of HDFC Dividend Yield Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 5.12% of HDFC Dividend Yield Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Axis Bank Limited is 3.52% of HDFC Dividend Yield Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 2.72% of HDFC Dividend Yield Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Larsen & Toubro Limited is 2.56% of HDFC Dividend Yield Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: HDFC Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.