Dividend index fund is a kind of index fund, and dividend index fund is a fund that mainly invests in dividend index. Dividend index mainly includes CSI dividend index, SSE dividend index, SZSE dividend index and S&P dividend index. There are more kinds of index funds, and the investment scope is more comprehensive. Various indexes of the exchange, including wide base and narrow base, generally have their corresponding index funds.

Dividend index funds are generally funds that can give consideration to dividend income and capital appreciation because of their strong dividend paying ability, stable dividend paying and high cash dividend yield. Compared with other index funds, dividend index funds have the characteristics of great theoretical possibility and small fluctuation in obtaining excess returns. The weight factor of dividend index constituent stocks mainly depends on dividend yield. If a stock rises too much, it will inevitably lead to a decline in dividend yield, which will be excluded from the dividend index or reduced in weight. On the contrary, when a stock falls too much, the dividend yield will rise passively and be included in the dividend index. So as to passively achieve high throwing and low sucking, which is conducive to long-term excess returns beyond ordinary index funds.