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IN UNIT LINKED POLICIES, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. ...Read More
new fund launch
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What is New Fund Launch?
A New Fund Launch, in the context of life insurance, refers to the introduction of a new fund option under a Unit Linked Life Insurance Policy. Policyholders who choose a Unit Linked Insurance Plan (ULIP) receive life insurance coverage along with the opportunity to allocate premiums to market-linked fund options, subject to the terms and conditions of the respective product.
HDFC Life Dividend Leaders Advantage Fund is a Unit Linked equity fund option that aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities aligned to the BSE 500 Dividend Leaders 50 Index, subject to applicable regulatory requirements. The fund may use derivative instruments and other permitted equity instruments to calibrate risks in the portfolio.
Understanding the Fund
What is the objective of HDFC Life Dividend Leaders Advantage Fund?
The Fund aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities that are aligned to the BSE 500 Dividend Leaders 50 Index, subject to applicable regulatory requirements. The fund may use derivative instruments or other permitted equity instruments to calibrate risks in the portfolio.
The fund is intended for policyholders who understand market-linked risks, have a long-term investment horizon and are comfortable with a Very High level of risk.
What is the benchmark and what does it signify?
The performance benchmark for HDFC Life Dividend Leaders Advantage Fund is the BSE 500 Dividend Leaders 50 Index, with 100% benchmark allocation. It is a customized benchmark under the fund mandate.
The BSE 500 Dividend Leaders 50 Index is designed to measure the performance of 50 companies from the BSE 500 universe that have consistently paid dividends over the past 10 years. The index follows a rules-based methodology and uses dividend-related parameters, float-adjusted market capitalisation and a normalised Z-score, subject to constituent-level capping.
Dividend consistency refers to the historical dividend-payment record of the constituent companies. It does not assure future dividend payments, business performance, capital appreciation or investment returns.
What is the investment approach behind the fund?
The fund seeks to provide market-linked equity exposure through a portfolio aligned to an index focused on companies with a history of consistent dividend payments. The investment approach combines the long-term growth potential of equities with a defined benchmark theme based on dividend consistency.
The fund will remain subject to its approved asset-allocation limits and may not replicate the benchmark exactly. Fund performance may differ from benchmark performance because of asset allocation, portfolio construction, permitted instruments, expenses, charges, cash holdings, liquidity, transaction timing and other factors.
Highlights of HDFC Life Dividend Leaders Advantage Fund
Particulars |
Details |
Fund Name |
HDFC Life Dividend Leaders Advantage Fund |
SFIN |
ULIF09005/09/26DivLdrAdFd101 |
Fund Type |
Unit Linked Equity Fund Option |
Investment Approach |
Equity-oriented approach aligned to the BSE 500 Dividend Leaders 50 Index |
Benchmark Index |
BSE 500 Dividend Leaders 50 Index* |
Benchmark Allocation |
100% |
Risk Level |
Very High |
Investment Objective |
To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities aligned to the benchmark |
Index Reconstitution Frequency |
Annually in December |
*Customized benchmark.
Investment Universe and Asset Class Limits
Asset Allocation |
Range |
Equity and equity-related securities* |
80% - 100% |
Money Market and Liquid Mutual Funds |
0% - 20% |
Government and Corporate Bonds |
0% - 20% |
*May include Equity ETFs, equity derivatives and any other equity instrument permitted under applicable regulations.
The fund may use derivative instruments and other permitted equity instruments to calibrate portfolio risks. Actual asset allocation may vary within the stated ranges based on market conditions, portfolio requirements and applicable regulations.
HDFC Life Dividend Leaders Advantage Fund is available with the following products
- HDFC Life Smart Protect Plus (UIN: 101L187V03)
- HDFC Life Sampoorn Nivesh Plus (UIN: 101L180V01)
- HDFC Life Click 2 Wealth (UIN: 101L133V03)
- HDFC Life Click 2 Invest Plus (UIN: 101L191V02)
Life insurance coverage is available under the respective Unit Linked Insurance Product, subject to the terms and conditions of that product.
What are the Key Features?
Life cover through eligible ULIP products
Exposure to dividend leaders
Diversified equity portfolio
Rules-based benchmark theme
Long-term market-linked wealth creation
The fund is available as a fund option under eligible HDFC Life Unit Linked Insurance Products. Life insurance coverage is provided under the underlying ULIP product, subject to its terms and conditions.
The fund seeks to provide exposure to companies aligned to an index that focuses on businesses from the BSE 500 universe with a history of consistent dividend payments over the past 10 years. Historical dividend consistency does not guarantee future dividends or returns.
The fund aims to invest in a diversified portfolio of equity and equity-related securities. Diversification may reduce dependence on an individual company or sector, but it does not eliminate market risk or guarantee returns.
The benchmark follows a defined methodology for eligibility, selection, weighting and annual reconstitution. The index selects 50 companies from the BSE 500 universe and applies constituent-level capping under its methodology.
The fund is intended for long-term capital appreciation through equity-market participation. It does not offer assured or guaranteed returns and is not designed to provide regular dividend income to policyholders.
Benchmark Return Data
As per the July 2026 BSE Index Services factsheet, the BSE 500 Dividend Leaders 50 Total Return Index has the following historical return data. These are benchmark/index returns and are not returns of HDFC Life Dividend Leaders Advantage Fund.
Period |
BSE 500 Dividend Leaders 50 Total Return Index |
1 Year |
8.65% |
3 Years |
23.72% p.a. |
5 Years |
23.64% p.a. |
Data as per the BSE 500 Dividend Leaders 50 Index Factsheet, 31st July 2026. Returns for periods exceeding one year are annualized. Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE500DividendLeaders50_Jul2026.pdf
Important Information on Index Performance
The BSE 500 Dividend Leaders 50 Index was launched on 9 May 2025. Historical information for periods before the index launch date is back-tested and hypothetical and is not actual live index performance. Back-tested performance has inherent limitations. Past performance is not indicative of future performance. Benchmark returns do not represent the returns of the fund or any HDFC Life ULIP.
Benchmark Index Snapshot
Particulars |
Details as per July 2026 Factsheet |
Index Name |
BSE 500 Dividend Leaders 50 Index |
Launch Date |
9 May 2025 |
First Value Date |
21 December 2015 |
Base Value |
1,000 |
Number of Constituents |
50 |
Weighting Method |
Capped - Float-Adjusted Market Capitalisation and Normalised Z-Score |
Index Universe |
BSE 500 |
Calculation Currencies |
INR and USD |
Reconstitution Frequency |
Annually in December |
Benchmark Sector Allocation
As per the July 2026 BSE Index Services factsheet, the sector allocation of the BSE 500 Dividend Leaders 50 Index is as follows:
Sector |
Weight |
Energy |
27.08% |
Information Technology |
24.83% |
Commodities |
14.20% |
Utilities |
10.47% |
Financial Services |
10.42% |
Consumer Discretionary |
5.83% |
Fast Moving Consumer Goods |
3.84% |
Services |
2.22% |
Industrials |
0.64% |
Healthcare |
0.48% |
Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE500DividendLeaders50_Jul2026.pdf
The total may differ marginally from 100% because of rounding of individual sector weights. Sector allocation is a point-in-time view and may change because of market movements and index reconstitution.
Top Constituents of the Benchmark
The following constituents and weights are as per the July 2026 BSE Index Services factsheet. The list is a point-in-time view and does not constitute a recommendation to buy, sell or hold any security.
Company |
Weight |
HCL Technologies Ltd. |
4.61% |
Tech Mahindra Ltd. |
4.33% |
Hero MotoCorp Ltd. |
4.30% |
Bharat Petroleum Corporation Ltd. |
4.30% |
Tata Consultancy Services Ltd. |
4.26% |
GAIL (India) Ltd. |
4.18% |
REC Ltd. |
4.15% |
Wipro Ltd. |
3.85% |
ITC Ltd. |
3.84% |
Power Grid Corporation of India Ltd. |
3.83% |
Source: https://www.bseindices.com/Downloads/Factsheet/Factsheet_BSE500DividendLeaders50_Jul2026.pdf
Who may consider this fund?
This fund may be considered by policyholders who understand the risks of market-linked Unit Linked Insurance funds and seek exposure to an equity strategy aligned to companies with a history of consistent dividend payments. It may be more suitable for policyholders with a long-term investment horizon, a high to very high risk appetite and a need for life insurance coverage through the underlying ULIP product.
Policyholders should consider their financial goals, risk appetite, investment horizon, liquidity needs, applicable charges and life insurance requirements before selecting this fund option. The fund is not suitable for policyholders seeking guaranteed returns, regular dividend income or short-term liquidity.
Key Risks
Market risk: Equity markets may fluctuate because of economic, political, global, sector-specific or company-specific factors.
Dividend-theme risk: Companies selected for historical dividend consistency may underperform other investment styles or the broader equity market during certain periods.
Dividend reduction risk: Constituent companies may reduce, suspend or discontinue dividends. Historical dividend payments do not assure future dividends.
Dividend-yield interpretation risk: A high dividend yield may arise because of a decline in share price or temporary factors and does not by itself indicate financial strength or future return potential.
Sector concentration risk: The benchmark may have higher exposure to certain sectors during a particular period.
Stock concentration risk: Despite constituent-level capping, movements in larger-weight constituents may materially affect benchmark and portfolio performance.
Benchmark alignment risk: The fund may not replicate benchmark returns because of asset allocation, expenses, charges, cash holdings, liquidity, execution timing and portfolio construction.
Liquidity and lock-in risk: Linked insurance products do not offer liquidity during the first five years of the contract.
Back-tested data limitation: Index history before the launch date is hypothetical and should not be treated as actual live performance.
Frequently Asked Questions
What is HDFC Life Dividend Leaders Advantage Fund?
It is a Unit Linked equity fund option that aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities aligned to the BSE 500 Dividend Leaders 50 Index, subject to applicable regulatory requirements.
What is the SFIN of the fund?
The SFIN of HDFC Life Dividend Leaders Advantage Fund is ULIF09005/09/26DivLdrAdFd101.
What is the benchmark of the fund?
The benchmark is the BSE 500 Dividend Leaders 50 Index, with 100% benchmark allocation. It is a customized benchmark under the fund mandate.
What does “Dividend Leaders” mean?
The term refers to companies selected under the benchmark methodology based on their historical dividend-payment consistency and related parameters. It does not mean that the fund will pay regular or guaranteed dividends.
What is the risk level of the fund?
The fund carries a Very High risk level because it invests predominantly in equity and equity-related securities.
How much can the fund invest in equities?
The fund can invest 80% to 100% in equity and equity-related securities, including permitted equity instruments, subject to the fund mandate and applicable regulations.
Is life insurance coverage available with this fund?
The fund is available as a fund option under eligible HDFC Life Unit Linked Insurance Products. Life insurance coverage is available under the respective ULIP product, subject to its terms and conditions.
Which HDFC Life products offer this fund?
The fund is proposed to be available under HDFC Life Smart Protect Plus, HDFC Life Sampoorn Nivesh Plus, HDFC Life Click 2 Wealth and HDFC Life Click 2 Invest Plus, subject to the terms of the respective products.
Are returns guaranteed under this fund?
No. This is a market-linked fund option and does not provide assured or guaranteed returns. The value of units may go up or down based on the fund’s performance and factors affecting capital markets.
Will the fund pay regular dividends to policyholders?
No regular or guaranteed dividend payout is assured. “Dividend Leaders” describes the benchmark’s company-selection theme and should not be understood as a promise of income or distributions from the fund.
Are benchmark returns the same as fund returns?
No. The historical returns shown are those of the benchmark index and not the fund. Fund returns may differ because of asset allocation, expenses, charges, portfolio construction, cash holdings, liquidity, execution timing and other factors.
Can policyholders withdraw money during the first five years?
No. Linked insurance products do not offer liquidity during the first five years of the contract. Policyholders cannot surrender or withdraw the monies invested in linked insurance products completely or partially until the end of the fifth year.
Who may consider this fund?
Policyholders with a long-term investment horizon, a high to very high-risk appetite, an understanding of equity-market volatility and a need for life insurance coverage through an eligible ULIP product may consider this fund, subject to suitability and product terms.
In unit linked policies, the investment risk in the investment portfolio is borne by the policyholder. The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns.
Unit Linked Funds are subject to market risks and there is no assurance or guarantee that the objective of the investment fund will be achieved.
Unit Linked Insurance Products are different from traditional insurance products and are subject to risk factors. The premium paid in Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets. The NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market, and the insured/policyholder is responsible for his/her decisions. Please know the associated risks and applicable charges from your insurance agent, intermediary or the policy document of the insurer. The various funds offered under the contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns.
HDFC Life Smart Protect Plus (UIN: 101L187V03) is a Unit Linked Non-Participating Individual Life Insurance Savings Plan. Life Insurance Coverage is available in this product.
HDFC Life Sampoorn Nivesh Plus (UIN: 101L180V01) is a Unit Linked Non-Participating Individual Life Insurance Savings Plan. Life Insurance Coverage is available in this product.
HDFC Life Click 2 Wealth (UIN: 101L133V03) is a Unit Linked Non-Participating Individual Life Insurance Savings Plan. Life Insurance Coverage is available in this product.
HDFC Life Click 2 Invest Plus (UIN: 101L191V02) is a Unit Linked Non-Participating Individual Life Insurance Savings Plan. Life Insurance Coverage is available in this product.
HDFC Life Dividend Leaders Advantage Fund (SFIN: ULIF09005/09/26DivLdrAdFd101) is benchmarked to the BSE 500 Dividend Leaders 50 Index*. The benchmark return data mentioned in this material is index data and is not indicative of returns of HDFC Life Dividend Leaders Advantage Fund.
*Customized benchmark.
The words “Dividend Leaders” describe the benchmark methodology and should not be interpreted as a promise of regular or guaranteed dividends. Dividend payment history does not guarantee that a company will continue to declare or pay dividends.
The BSE 500 Dividend Leaders 50 Index was launched on 9 May 2025. Historical information for periods before the index launch date is back-tested and hypothetical and is not actual live index performance. Back-tested performance has inherent limitations.
Tax benefits may be available as per prevailing tax laws. Tax laws are subject to change from time to time. Please consult your tax advisor for details on tax applicability, exemptions and implications.
Past performance is not indicative of future performance. Any historical return data, index performance or back-tested data mentioned above is for information purposes only and should not be construed as a guarantee or assurance of future returns.
We recommend that you read and understand the applicable product brochure, customised benefit illustration and policy document, including the risks involved, before purchasing the policy or selecting any fund option.
ARN: ED/08/26/37765
