HDFC Dividend Yield Fund

HDFC Mutual FundEquityPortfolio as of 31 August 2026

HDFC Dividend Yield Fund holds 130 instruments (99.66% equity), led by ICICI Bank Limited (5.58%), HDFC Bank Limited (4.82%) and Axis Bank Limited (3.72%), as of its 31 August 2026 SEBI-mandated monthly disclosure.

Holdings

130

Equity Allocation

99.66%

AMC

HDFC Mutual Fund

Portfolio Analysis

HDFC Dividend Yield Fund's top 10 holdings account for 30.78% of its portfolio, more diversified than the Equity category average of 37%. Financial Services is its largest sector exposure at 29.39% of net assets, spread across 12 sectors in total. Since its 31 July 2026 disclosure, the fund added 2 new positions and exited 1 position, with HDFC Bank Limited seeing the largest move (-0.3pp to 4.82%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Financial Services

29.39%

Consumer Discretionary

13.97%

Industrials

13.07%

Healthcare

8.79%

Information Technology

8.2%

Telecommunication

5.45%

Energy

5.43%

Consumer Staples

4.71%

Utilities

4.03%

Materials

3.65%

Services

2.18%

Real Estate

0.79%

Other

0.34%

Top 10 Equity Holdings

ICICI Bank Limited · 5.58%HDFC Bank Limited · 4.82%Axis Bank Limited · 3.72%Larsen & Toubro Limited · 2.68%Bharti Airtel Limited · 2.55%Maruti Suzuki India Limited · 2.35%Kotak Mahindra Bank Limited · 2.33%Reliance Industries Limited · 2.29%Tech Mahindra Limited · 2.26%Sun Pharmaceutical Industries Limited · 2.2%

What Changed: July 2026 → August 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 new entries1 exit10 increased8 reduced

New Entries

TD POWER SYSTEMS LTD · 0.7%Rubicon Research Limited · 0.26%

Complete Exits

TD Power Systems Limited · was 0.55%

Biggest Weight Increases

Stock	Weight	Change
Kotak Mahindra Bank Limited	2.12% → 2.33%	▲ +0.21
Axis Bank Limited	3.52% → 3.72%	▲ +0.2
ICICI Bank Limited	5.41% → 5.58%	▲ +0.17
Finolex Cables Limited	0.52% → 0.67%	▲ +0.15
Bosch Limited	0.57% → 0.71%	▲ +0.14
Info Edge (India) Limited	1.56% → 1.7%	▲ +0.14
Cyient Limited	0.35% → 0.49%	▲ +0.14
Sterlite Technologies Limited	1.44% → 1.56%	▲ +0.12
Larsen & Toubro Limited	2.56% → 2.68%	▲ +0.12
State Bank of India	1.98% → 2.09%	▲ +0.11

Biggest Weight Reductions

Stock	Weight	Change
HDFC Bank Limited	5.12% → 4.82%	▼ -0.3
PVR INOX Limited	0.88% → 0.62%	▼ -0.26
Power Finance Corporation Limited	0.89% → 0.66%	▼ -0.23
Cummins India Limited	0.92% → 0.73%	▼ -0.19
Bharti Airtel Limited	2.72% → 2.55%	▼ -0.17
Infosys Limited	1.65% → 1.53%	▼ -0.12
Aster DM Healthcare Limited	1.37% → 1.26%	▼ -0.11
SBI Life Insurance Company Limited	1.98% → 1.87%	▼ -0.11

Top Holdings — Weight Trend

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

ICICI Bank Limited

5.58%

HDFC Bank Limited

4.82%

Axis Bank Limited

3.72%

Larsen & Toubro Limited

2.68%

Bharti Airtel Limited

2.55%

Full Portfolio (130 holdings)

#	Holding	Sector	% to NAV
1	ICICI Bank Limited	Financial Services	5.58%
2	HDFC Bank Limited	Financial Services	4.82%
3	Axis Bank Limited	Financial Services	3.72%
4	Larsen & Toubro Limited	Industrials	2.68%
5	Bharti Airtel Limited	Telecommunication	2.55%
6	Maruti Suzuki India Limited	Consumer Discretionary	2.35%
7	Kotak Mahindra Bank Limited	Financial Services	2.33%
8	Reliance Industries Limited	Energy	2.29%
9	Tech Mahindra Limited	Information Technology	2.26%
10	Sun Pharmaceutical Industries Limited	Healthcare	2.2%
11	Bajaj Auto Limited	Consumer Discretionary	2.13%
12	State Bank of India	Financial Services	2.09%
13	SBI Life Insurance Company Limited	Financial Services	1.87%
14	Info Edge (India) Limited	Consumer Discretionary	1.7%
15	HCL Technologies Limited	Information Technology	1.69%
16	Eicher Motors Limited	Consumer Discretionary	1.65%
17	NTPC Limited	Utilities	1.64%
18	Sterlite Technologies Limited	Telecommunication	1.56%
19	IndusInd Bank Limited	Financial Services	1.55%
20	Infosys Limited	Information Technology	1.53%
21	Tata Consultancy Services Limited	Information Technology	1.42%
22	Tata Steel Limited	Materials	1.32%
23	Aster DM Healthcare Limited	Healthcare	1.26%
24	Cipla Limited	Healthcare	1.1%
25	Coal India Limited	Energy	1.08%
26	ITC Limited	Consumer Staples	1.05%
27	Hindustan Unilever Limited	Consumer Staples	1%
28	Balrampur Chini Mills Limited	Consumer Staples	0.97%
29	Apollo Hospitals Enterprise Limited	Healthcare	0.96%
30	Hindustan Petroleum Corporation Limited	Energy	0.95%
31	Ambuja Cements Limited	Materials	0.93%
32	Oil & Natural Gas Corporation Limited	Energy	0.91%
33	Nestle India Limited	Consumer Staples	0.86%
34	EMBASSY OFFICE PARKS REIT	Real Estate	0.79%
35	CESC Limited	Utilities	0.78%
36	Cholamandalam Financial Holdings Limited	Financial Services	0.76%
37	UPL Limited	Materials	0.76%
38	Cummins India Limited	Industrials	0.73%
39	Hindustan Aeronautics Limited	Industrials	0.73%
40	VRL Logistics Limited	Services	0.73%
41	Siemens Limited	Industrials	0.72%
42	Bosch Limited	Consumer Discretionary	0.71%
43	Fusion Finance Limited	Financial Services	0.71%
44	TD POWER SYSTEMS LTD	Industrials	0.7%
45	AIA Engineering Limited	Industrials	0.69%
46	Divi's Laboratories Limited	Healthcare	0.68%
47	Finolex Cables Limited	Industrials	0.67%
48	PNB Housing Finance Limited	Financial Services	0.66%
49	Power Finance Corporation Limited	Financial Services	0.66%
50	GAIL (India) Limited	Utilities	0.64%
51	RHI MAGNESITA INDIA LIMITED	Industrials	0.64%
52	Apollo Tyres Limited	Consumer Discretionary	0.63%
53	Bharat Electronics Limited	Industrials	0.63%
54	Vardhman Textiles Limited	Consumer Discretionary	0.63%
55	PVR INOX Limited	Consumer Discretionary	0.62%
56	Tata Communications Limited	Telecommunication	0.62%
57	RBL Bank Limited	Financial Services	0.61%
58	Kaynes Technology India Limited	Industrials	0.59%
59	Tata Motors Limited	Industrials	0.59%
60	Glenmark Pharmaceuticals Limited	Healthcare	0.58%
61	REC Limited	Financial Services	0.58%
62	Siemens Energy India Limited	Industrials	0.58%
63	Blue Dart Express Limited	Services	0.57%
64	HDFC Life Insurance Company Limited	Financial Services	0.57%
65	SAGILITY LIMITED	Information Technology	0.55%
66	Bajaj Finserv Limited	Financial Services	0.54%
67	BEML Land Assets Limited	Financial Services	0.54%
68	Biocon Limited	Healthcare	0.54%
69	NHPC Limited	Utilities	0.54%
70	UTI Asset Management Company Limited	Financial Services	0.51%
71	SKF India (Industrial) Limited	Industrials	0.5%
72	Cyient Limited	Information Technology	0.49%
73	Godrej Consumer Products Limited	Consumer Staples	0.48%
74	Bharti Hexacom Limited	Telecommunication	0.47%
75	Asian Paints Limited	Consumer Discretionary	0.45%
76	Canara Bank	Financial Services	0.45%
77	InterGlobe Aviation Limited	Services	0.45%
78	Indraprastha Gas Limited	Utilities	0.43%
79	Mahindra & Mahindra Limited	Consumer Discretionary	0.41%
80	Whirlpool of India Limited	Consumer Discretionary	0.38%
81	Dilip Buildcon Limited	Industrials	0.36%
82	Lupin Limited	Healthcare	0.35%
83	Mahindra Holidays & Resorts India Limited	Consumer Discretionary	0.34%
84	Emami Limited	Consumer Staples	0.33%
85	Tata Motors Passenger Vehicles Limited	Consumer Discretionary	0.33%
86	TREPS - Tri-party Repotreps	—	0.32%
87	Diffusion Engineers Limited	Industrials	0.31%
88	Emcure Pharmaceuticals Limited	Healthcare	0.3%
89	Medi Assist Healthcare Services Limited	Financial Services	0.3%
90	Anthem Biosciences Limited	Healthcare	0.29%
91	GHCL Limited	Materials	0.29%
92	Star Health and Allied Insurance Company Limited	Financial Services	0.29%
93	INOX India Limited	Industrials	0.28%
94	Electronics Mart India Limited	Consumer Discretionary	0.27%
95	Gland Pharma Limited	Healthcare	0.27%
96	PNC Infratech Limited	Industrials	0.27%
97	Quess Corp Limited	Industrials	0.27%
98	Rubicon Research Limited	Healthcare	0.26%
99	SKF India Limited	Consumer Discretionary	0.26%
100	STL Networks Limited	Telecommunication	0.25%
101	INDUS INFRA TRUST	Services	0.25%
102	Endurance Technologies Limited	Consumer Discretionary	0.23%
103	KEC International Limited	Industrials	0.23%
104	West Coast Paper Mills Limited	Materials	0.22%
105	Castrol India Limited	Energy	0.2%
106	Voltamp Transformers Limited	Industrials	0.19%
107	Gujarat Pipavav Port Limited	Services	0.18%
108	Popular Vehicles and Services Limited	Consumer Discretionary	0.15%
109	Go Fashion (India) Limited	Consumer Discretionary	0.14%
110	Afcons Infrastructure Limited	Industrials	0.13%
111	BEML Limited	Industrials	0.13%
112	BIRLASOFT LIMITED	Information Technology	0.13%
113	Chambal Fertilizers & Chemicals Limited	Materials	0.13%
114	DCX Systems Limited	Industrials	0.13%
115	Jio Financial Services Limited	Financial Services	0.13%
116	Sun TV Network Limited	Consumer Discretionary	0.13%
117	Techno Electric & Engineering Company Limited	Industrials	0.13%
118	Dam Capital Advisors Limited	Financial Services	0.12%
119	EPACK Durable Limited	Consumer Discretionary	0.12%
120	GHCL Textiles Limited	Consumer Discretionary	0.1%
121	Stanley Lifestyles Limited	Consumer Discretionary	0.1%
122	Timken India Limited	Industrials	0.1%
123	Bluspring Enterprises Limited	Industrials	0.09%
124	Digitide Solutions Limited	Information Technology	0.07%
125	ITC Hotels Limited	Consumer Discretionary	0.07%
126	Sai Silks (Kalamandir) Limited	Consumer Discretionary	0.07%
127	Sonata Software Limited	Information Technology	0.04%
128	Kwality Wall's (India) Limited	Consumer Staples	0.02%
129	Latent View Analytics Limited	Information Technology	0.02%
130	Net Current Assetsother	—	0.02%

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Frequently Asked Questions

Yes. As of its 31 August 2026 disclosure, ICICI Bank Limited is 5.58% of HDFC Dividend Yield Fund's net assets — its number 1 holding.

Yes. As of its 31 August 2026 disclosure, HDFC Bank Limited is 4.82% of HDFC Dividend Yield Fund's net assets — its number 2 holding.

Yes. As of its 31 August 2026 disclosure, Axis Bank Limited is 3.72% of HDFC Dividend Yield Fund's net assets — its number 3 holding.

Yes. As of its 31 August 2026 disclosure, Larsen & Toubro Limited is 2.68% of HDFC Dividend Yield Fund's net assets — its number 4 holding.

Yes. As of its 31 August 2026 disclosure, Bharti Airtel Limited is 2.55% 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 August 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.