Top Monthly Dividend Paying Mutual Funds in India (2024)

Top Monthly Dividend Paying Mutual Funds in India (2024)

FAQs

Which mutual fund is best for monthly dividend in India? ›

Top schemes of Dividend Yield Mutual Funds sorted by last 5 year returns
  • ICICI Prudential Dividend Yield Equity Fund. ...
  • Templeton India Equity Income Fund. ...
  • Aditya Birla Sun Life Dividend Yield Fund. ...
  • Sundaram Dividend Yield Fund. ...
  • UTI Dividend Yield Fund. ...
  • HDFC Dividend Yield Fund. ...
  • SBI Dividend Yield Fund. ...
  • Tata Dividend Yield Fund.

Which mutual fund is best for monthly income in India? ›

List of Best Monthly Income Mutual Funds in India 2024
Fund Name3Y Returns5Y Returns
ICICI Prudential MIP 257.6%7.7%
ICICI Prudential Monthly Income Plan7.6%9.1%
Invesco India Regular Savings Fund7.4%6.9%
Reliance Hybrid Bond Fund-1.56%1.65%
5 more rows
Mar 18, 2024

What are the highest yielding monthly dividend funds? ›

7 Best High-Dividend Mutual Funds
FundExpense Ratio30-day SEC Yield
JPMorgan Equity Premium Income Fund (JEPAX)0.85%6%
Fidelity Floating Rate High Income Fund (FFRHX)0.72%8.8%
Baird Intermediate Bond Fund (BIMSX)0.55%4.2%
PGIM High Yield Fund (PBHAX)0.75%7.2%
3 more rows
Mar 22, 2024

Which company gives highest dividend every month in India? ›

Here is a brief overview of the best dividend paying stocks listed above:
  • ICICI Bank Ltd. ...
  • Hindustan Unilever Ltd. ...
  • ITC Ltd. ...
  • State Bank of India. ...
  • Infosys Ltd. ...
  • Housing Development Finance Corporation Ltd. ...
  • Bharti Airtel Ltd. ...
  • Bajaj Finance Ltd. Bajaj Finance generated an impressive operating revenue of Rs.
Feb 22, 2024

Which mutual fund pays monthly dividend? ›

Aditya Birla SL Dividend Yield Fund

The scheme aims to deliver capital growth and income by primarily investing in a well-diversified portfolio of companies with a relatively high dividend yield, making it one of the best monthly dividend paying mutual funds India.

Which is the best balanced advantage fund for monthly dividend? ›

Top schemes of Dynamic Asset Allocation Mutual Funds sorted by last 5 year returns
  • HDFC Balanced Advantage Fund. ...
  • Baroda BNP Paribas Balanced Advantage Fund. ...
  • Edelweiss Balanced Advantage Fund. ...
  • Tata Balanced Advantage Fund. ...
  • Nippon India Balanced Advantage Fund. ...
  • ICICI Prudential Balanced Advantage Fund.

How to get $10,000 monthly income? ›

Example: Let's say you want to earn ₹10000 monthly from dividend income. If the average dividend yield of the stocks or mutual funds you choose is 5%, then you would need to invest ₹2400000 (₹10000/0.05). This is a significant investment, but it is possible to achieve if you are patient and disciplined.

Which mutual fund is best for monthly income? ›

Best Monthly Income Funds (MIPs) to Invest in 2024
Funds NameReturns(%)
HDFC Hybrid Debt Fund-2.045.06
ICICI Prudential MIP 254.77.7
ICICI Prudential Monthly Income Plan5.59.1
Invesco India Regular Savings Fund5.76.9
6 more rows

How to make 10 percent interest monthly? ›

Here's my list of the 10 best investments for a 10% ROI.
  1. How to Get 10% Return on Investment: 10 Proven Ways.
  2. High-End Art (on Masterworks)
  3. Invest in the Private Credit Market.
  4. Paying Down High-Interest Loans.
  5. Stock Market Investing via Index Funds.
  6. Stock Picking.
  7. Junk Bonds.
  8. Buy an Existing Business.
Feb 1, 2024

Which company pays dividends monthly in India? ›

Best Monthly Dividend Stocks India
  • Punjab National Bank. The market capitalization of Punjab National Bank is ₹136,866.92. ...
  • Britannia Industries Ltd. ...
  • Union Bank of India Ltd. ...
  • Indian Hotels Company Ltd. ...
  • Polycab India Ltd. ...
  • Supreme Industries Ltd. ...
  • Balkrishna Industries Ltd. ...
  • Dalmia Bharat Ltd.

What are the highest paying dividend mutual funds? ›

Although there are many dividend mutual funds out there, the Federated Strategic Value Dividend Fund, Vanguard High Dividend Yield Index Fund, Vanguard Equity Income Fund, Blackrock Equity Dividend Fund, and T. Rowe Price Dividend Growth Fund stand out as the top options for people seeking an attractive income stream.

Is PSEC dividend safe? ›

As of 2023-06-30, Prospect Capital Corp's dividend payout ratio is 0.00. Prospect Capital Corp's profitability rank is 4 out of 10 as of 2023-06-30, suggesting that the dividend may not be sustainable. The company has reported net profit in 8 out of the past 10 years.

Who pays best dividends in India? ›

Some of the highest dividend paying stocks in India are Vedanta Ltd., Hindustan Zinc Ltd, Coal India Ltd, T.V. Today Network Ltd, Bhansali Engineering Polymers Ltd, Balmer Lawrie Investment Ltd, Coal India Ltd.

What are the top 3 dividend stocks? ›

Even a high dividend yield doesn't make a stock a default buy. In fact, it's often a reason for caution, since it could be caused by a declining stock price. The three top-yielding Dow Jones stocks as I write this are Verizon (NYSE: VZ), 3M (NYSE: MMM), and Dow Inc. (NYSE: DOW).

How much dividend does Vedanta give? ›

Vedanta Ltd Dividend related ratios:

Last dividend date: 18/12/2023. Current Dividend Yield: 19.60% Annual dividend payment: ₹62.50.

Which type of mutual fund is best for monthly income? ›

You can earn a monthly income from mutual funds either by investing in the Dividend Option of a mutual fund scheme or by opting for an SWP in a mutual fund scheme. SWP is a better option to seek regular income as it is more tax-efficient and guarantees you a certain amount at the end of the month.

Which mutual fund gives monthly return? ›

Best Monthly Income Funds (MIPs) to Invest in 2024
Funds NameReturns(%)
ICICI Prudential MIP 254.77.7
ICICI Prudential Monthly Income Plan5.59.1
Invesco India Regular Savings Fund5.76.9
Reliance Hybrid Bond Fund-16.491.65
6 more rows

Which HDFC Mutual Fund gives monthly dividend? ›

HDFC Monthly Income Plan - STP - Dividend - Monthly.

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