Fund Facts
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Name of Fund:SBI Dividend Yield Fund
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Opening:20th February 2023
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Closing:6th March 2023
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Scheme Type:Open Ended Equity Dividend Yield Fund
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Minimum Investment:Rs. 5000/- & in multiples of Re.1
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Plan:Regular and Direct
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Options:Growth and IDCW
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Entry Load:Not Applicable
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Exit Road:1% of NAV if units purchased or switched in from another scheme of the fund are redeemed or switched out in excess of 10% of units purchased on or before 1 year from the date of allotment
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Thereafter:Nil
Fund Stats
Objective
The investment objective of the scheme is to provide investors with opportunities for capital appreciation and/or dividend distribution by investing predominantly in a well-diversified portfolio of equity and equity related instruments of dividend yielding companies.
Benchmark:
NIFTY 500
Fund Manager:
Rohit Shimpi, Mohit Jain
Asset Allocation
65-100%
Equity
upto 35%
Money Market
Comparable existing schemes
| IDBI Dividend Yield Fund | -2.27(6M) | 1.88(1Y) |
| Sundaram Dividend Yield Fund | 0.24(6M) | 4.74(1Y) |
Fund Prognosis
Idea Distiller
A very forgotten segment with few competing products. So occupying the niche will be so much easier for UTI.
Fund House AAUM:
Rs.71354210.96 Lakhs (as on 31st December 2022)
Fund Manager:
Combined experience of above 12 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
Actually it is a very difficult segment to make money. And historically, the dividend yielding scrips are not segment leaders. However, if a defensive strategy makes sense, then this is hot.