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5 Best Dividend Yield Mutual Funds to Invest in 2024 | fincash.com

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5 Best Dividend Yield Funds to Invest in 2024

Updated on February 28, 2024 , 27508 views

When spoken about Dividend Yield funds, many investors at first glance think that these funds pay good dividends. But, that’s not these funds stand for. These funds are a part of equity Mutual Funds that invest their major portion of the corpus in dividend yielding stocks. In other words, these funds invest in companies that pay an above-average dividend regularly. As per SEBI norms, the dividend yield fund schemes should invest a minimum 65 percent of its assets in equities, but in dividend yielding stocks.

What are Dividend Yield Funds?

The fund manager of the dividend yield fund tends to invest in companies that have constant cash flows and are in a position to pay dividend regularly and at a stable rate. During a downturn, such companies don’t usually reduce its dividend.

Best-Dividend-Funds

Therefore, such investments make the funds less volatile compared with their growth-oriented peers. The Volatility of these funds, on an average, is lower than both large-cap and multi-cap funds.

A dividend yield fund invests its corpus in stocks that have a dividend yield higher than the average dividend yield of the Market. One can say it can be higher than the Nifty 50 or the Sensex. The remaining portion of the fund; that’s 35 percent of the Portfolio can be invested in any stock.

If looked at its drawbacks, dividend yield funds likely Underperform the growth funds in the rising market. Ideally, these funds are suitable for conservative investors who want to invest in Equity Funds. Dividend yield funds are less volatile and tend to give good risk-adjusted returns over the long-run.

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Top 5 Best Dividend Yield Funds to Invest in FY 24 - 25

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
ICICI Prudential Dividend Yield Equity Fund Growth ₹44.72
↑ 0.65
₹3,45417.530.251.930.723.438.8
Aditya Birla Sun Life Dividend Yield Fund Growth ₹405.02
↑ 1.04
₹1,27714.928.952.728.321.740.3
Templeton India Equity Income Fund Growth ₹125.959
↑ 0.67
₹1,99420.930.845.126.72333.3
Principal Dividend Yield Fund Growth ₹124.929
↑ 1.77
₹78314.325.744.321.519.734
UTI Dividend Yield Fund Growth ₹147.139
↑ 1.63
₹3,52713.321.541.921.418.335.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Mar 24
*List of Funds Based on Assets >= 100 Crore & Sorted on 3 Year CAGR Returns.

Why Should you Invest in Dividend Yield Mutual Funds?

A dividend yield strategy is a tool to identify value stocks. As said earlier, the fund manager of these funds tends to invest in firms that have stable cash flows. Usually, these funds have a history of paying high dividends and also sound fundamentals. These companies tend to manage good deliveries across business and economic cycles and exhibit minimal volatility, especially in bear markets. Investors who are planning to invest in dividend yield funds should look at the dividend pay-out history of the fund and see if it has paid dividends consistently.

1. ICICI Prudential Dividend Yield Equity Fund

The investment objective of ICICI Prudential Dividend Yield Equity Fund is to provide medium to long term capital gains and/or dividend distribution by investing in a well diversified portfolio of predominantly equity and equity related instruments, which offer attractive dividend yield

ICICI Prudential Dividend Yield Equity Fund is a Equity - Dividend Yield fund was launched on 16 May 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.4% since its launch.  Ranked 38 in Dividend Yield category.  Return for 2023 was 38.8% , 2022 was 9.2% and 2021 was 47.1% .

Below is the key information for ICICI Prudential Dividend Yield Equity Fund

ICICI Prudential Dividend Yield Equity Fund
Growth
Launch Date 16 May 14
NAV (01 Mar 24) ₹44.72 ↑ 0.65   (1.47 %)
Net Assets (Cr) ₹3,454 on 31 Jan 24
Category Equity - Dividend Yield
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.41
Sharpe Ratio 2.83
Information Ratio 2.28
Alpha Ratio 11.43
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹9,337
28 Feb 21₹12,841
28 Feb 22₹17,107
28 Feb 23₹18,862
29 Feb 24₹28,654

ICICI Prudential Dividend Yield Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for ICICI Prudential Dividend Yield Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 3.9%
3 Month 17.5%
6 Month 30.2%
1 Year 51.9%
3 Year 30.7%
5 Year 23.4%
10 Year
15 Year
Since launch 16.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 38.8%
2022 9.2%
2021 47.1%
2020 14.1%
2019 -2.9%
2018 -11.9%
2017 40.7%
2016 9.7%
2015 -5.2%
2014
Fund Manager information for ICICI Prudential Dividend Yield Equity Fund
NameSinceTenure
Mittul Kalawadia29 Jan 186.01 Yr.
Sharmila D’mello31 Jul 221.5 Yr.

Data below for ICICI Prudential Dividend Yield Equity Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services23.48%
Utility13.15%
Energy10.84%
Consumer Cyclical7.97%
Industrials7.34%
Technology6.19%
Health Care6.17%
Basic Materials5.61%
Consumer Defensive5.24%
Communication Services3.52%
Real Estate0.4%
Asset Allocation
Asset ClassValue
Cash8.42%
Equity89.91%
Debt1.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | NTPC
9%₹275 Cr8,824,613
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | ICICIBANK
8%₹253 Cr2,535,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 21 | SUNPHARMA
6%₹198 Cr1,573,541
↑ 124,195
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | MARUTI
5%₹159 Cr154,381
↑ 13,165
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK
4%₹133 Cr775,200
↓ -84,700
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
4%₹113 Cr1,093,542
↑ 900
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Jun 23 | BPCL
3%₹103 Cr2,286,675
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Dec 21 | 500312
3%₹103 Cr5,002,581
↓ -500,500
NHPC Ltd (Utilities)
Equity, Since 30 Jun 23 | NHPC
3%₹89 Cr13,853,186
Coal India Ltd (Energy)
Equity, Since 31 Mar 21 | COALINDIA
3%₹84 Cr2,232,432

2. Aditya Birla Sun Life Dividend Yield Fund

(Erstwhile Aditya Birla Sun Life Dividend Yield Plus)

An Open-ended growth scheme with the objective to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield.

Aditya Birla Sun Life Dividend Yield Fund is a Equity - Dividend Yield fund was launched on 26 Feb 03. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19.3% since its launch.  Ranked 73 in Dividend Yield category.  Return for 2023 was 40.3% , 2022 was 5.2% and 2021 was 36.2% .

Below is the key information for Aditya Birla Sun Life Dividend Yield Fund

Aditya Birla Sun Life Dividend Yield Fund
Growth
Launch Date 26 Feb 03
NAV (29 Feb 24) ₹405.02 ↑ 1.04   (0.26 %)
Net Assets (Cr) ₹1,277 on 31 Jan 24
Category Equity - Dividend Yield
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.43
Sharpe Ratio 2.61
Information Ratio 1.12
Alpha Ratio 10.38
Min Investment 1,000
Min SIP Investment 1,000
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,200
28 Feb 21₹12,641
28 Feb 22₹15,936
28 Feb 23₹17,479
29 Feb 24₹26,697

Aditya Birla Sun Life Dividend Yield Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for Aditya Birla Sun Life Dividend Yield Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.9%
3 Month 14.9%
6 Month 28.9%
1 Year 52.7%
3 Year 28.3%
5 Year 21.7%
10 Year
15 Year
Since launch 19.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 40.3%
2022 5.2%
2021 36.2%
2020 16.1%
2019 3.5%
2018 -14.6%
2017 33.2%
2016 2.6%
2015 -5.5%
2014 55.8%
Fund Manager information for Aditya Birla Sun Life Dividend Yield Fund
NameSinceTenure
Dhaval Gala1 Apr 221.84 Yr.
Dhaval Joshi21 Nov 221.2 Yr.

Data below for Aditya Birla Sun Life Dividend Yield Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services18.9%
Technology17.89%
Consumer Defensive10.93%
Consumer Cyclical10.84%
Basic Materials10.31%
Utility9.54%
Industrials9.26%
Energy9.21%
Health Care1.2%
Asset Allocation
Asset ClassValue
Cash1.42%
Equity98.58%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Jun 11 | INFY
6%₹74 Cr478,545
ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | ITC
5%₹62 Cr1,350,000
Coal India Ltd (Energy)
Equity, Since 31 Oct 18 | COALINDIA
4%₹53 Cr1,400,001
NTPC Ltd (Utilities)
Equity, Since 31 Dec 18 | NTPC
4%₹48 Cr1,532,249
NLC India Ltd (Utilities)
Equity, Since 30 Jun 19 | NLCINDIA
4%₹47 Cr1,872,220
↓ -122,437
NMDC Ltd (Basic Materials)
Equity, Since 30 Apr 18 | NMDC
3%₹36 Cr1,726,699
CMS Info Systems Ltd (Industrials)
Equity, Since 30 Jun 23 | 543441
3%₹34 Cr900,000
Kewal Kiran Clothing Ltd (Consumer Cyclical)
Equity, Since 31 Oct 10 | KKCL
3%₹33 Cr435,131
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 14 | MCX
3%₹32 Cr99,186
RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Mar 14 | RHIM
3%₹31 Cr385,081

3. Templeton India Equity Income Fund

An Open-end diversified equity fund that seek to provide a combination of regular income and long term capital appreciation by investing primarily in stocks that have a current on potentially attractive dividend yield.

Templeton India Equity Income Fund is a Equity - Dividend Yield fund was launched on 18 May 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.3% since its launch.  Ranked 46 in Dividend Yield category.  Return for 2023 was 33.3% , 2022 was 5.3% and 2021 was 43.1% .

Below is the key information for Templeton India Equity Income Fund

Templeton India Equity Income Fund
Growth
Launch Date 18 May 06
NAV (29 Feb 24) ₹125.959 ↑ 0.67   (0.54 %)
Net Assets (Cr) ₹1,994 on 31 Jan 24
Category Equity - Dividend Yield
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 2.29
Sharpe Ratio 2.15
Information Ratio 0.88
Alpha Ratio 6.44
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹9,700
28 Feb 21₹13,862
28 Feb 22₹18,046
28 Feb 23₹19,411
29 Feb 24₹28,162

Templeton India Equity Income Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for Templeton India Equity Income Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 4.1%
3 Month 20.9%
6 Month 30.8%
1 Year 45.1%
3 Year 26.7%
5 Year 23%
10 Year
15 Year
Since launch 15.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 33.3%
2022 5.3%
2021 43.1%
2020 22.9%
2019 5.3%
2018 -8.6%
2017 34.1%
2016 9.4%
2015 -1.6%
2014 38.5%
Fund Manager information for Templeton India Equity Income Fund
NameSinceTenure
Ajay Argal1 Dec 230.17 Yr.
Sandeep Manam18 Oct 212.29 Yr.
Rajasa Kakulavarapu6 Sep 212.41 Yr.

Data below for Templeton India Equity Income Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Utility22.88%
Technology20.41%
Energy18.58%
Consumer Defensive10.23%
Financial Services5.24%
Basic Materials4.74%
Consumer Cyclical2.36%
Industrials2.3%
Communication Services0.74%
Real Estate0.04%
Asset Allocation
Asset ClassValue
Cash6.22%
Equity87.51%
Debt6.22%
Other0.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | NTPC
6%₹118 Cr3,800,000
NHPC Ltd (Utilities)
Equity, Since 31 Mar 20 | NHPC
5%₹90 Cr14,000,000
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 31 Jan 19 | 532898
5%₹90 Cr3,800,000
GAIL (India) Ltd (Utilities)
Equity, Since 31 Jan 19 | GAIL
5%₹85 Cr5,250,000
Coal India Ltd (Energy)
Equity, Since 31 Jan 14 | COALINDIA
4%₹83 Cr2,200,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 22 | 532281
4%₹78 Cr530,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 13 | INFY
4%₹77 Cr500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK
4%₹72 Cr420,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 28 Feb 07 | 500312
4%₹72 Cr3,500,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 21 | ITC
4%₹69 Cr1,500,000

4. Principal Dividend Yield Fund

The investment objective of the scheme would be to provide capital appreciation and/or dividend distribution by investing predominantly in a well-diversified portfolio of companies that have a relatively high dividend yield.

Principal Dividend Yield Fund is a Equity - Dividend Yield fund was launched on 15 Oct 04. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.9% since its launch.  Ranked 37 in Dividend Yield category.  Return for 2023 was 34% , 2022 was 1.3% and 2021 was 32.5% .

Below is the key information for Principal Dividend Yield Fund

Principal Dividend Yield Fund
Growth
Launch Date 15 Oct 04
NAV (01 Mar 24) ₹124.929 ↑ 1.77   (1.43 %)
Net Assets (Cr) ₹783 on 31 Jan 24
Category Equity - Dividend Yield
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.66
Sharpe Ratio 2.32
Information Ratio 0.27
Alpha Ratio 5.51
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,397
28 Feb 21₹13,633
28 Feb 22₹16,269
28 Feb 23₹17,041
29 Feb 24₹24,461

Principal Dividend Yield Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for Principal Dividend Yield Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 3.3%
3 Month 14.3%
6 Month 25.7%
1 Year 44.3%
3 Year 21.5%
5 Year 19.7%
10 Year
15 Year
Since launch 13.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 34%
2022 1.3%
2021 32.5%
2020 20.2%
2019 4.4%
2018 -5.2%
2017 46.6%
2016 7.2%
2015 -3.4%
2014 44.9%
Fund Manager information for Principal Dividend Yield Fund
NameSinceTenure
Ratish Varier1 Jan 222.08 Yr.
Ashish Aggarwal1 Jan 222.08 Yr.

Data below for Principal Dividend Yield Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services26.37%
Industrials12.29%
Technology11.85%
Utility10%
Energy8.44%
Consumer Defensive7.37%
Consumer Cyclical7.23%
Health Care5.71%
Basic Materials4.43%
Communication Services1.44%
Asset Allocation
Asset ClassValue
Cash4.77%
Equity95.13%
Debt0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | HDFCBANK
6%₹44 Cr255,000
↑ 72,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 18 | NTPC
5%₹37 Cr1,200,000
Reliance Industries Ltd (Energy)
Equity, Since 29 Feb 12 | RELIANCE
4%₹28 Cr110,000
↑ 13,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹26 Cr170,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
3%₹23 Cr235,000
↑ 20,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 09 | ITC
3%₹20 Cr433,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 16 | LT
3%₹19 Cr54,000
Bharat Electronics Ltd (Industrials)
Equity, Since 28 Feb 22 | BEL
2%₹17 Cr940,000
Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | COALINDIA
2%₹17 Cr450,000
↑ 180,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | PFC
2%₹15 Cr390,000
↓ -35,000

5. UTI Dividend Yield Fund

(Erstwhile UTI - Dividend Yield Fund)

The investment objective of the scheme is to provide medium to long term capital gains and/ or dividend distribution by investing predominantly in equity and equity related instruments which offer high dividend yield. There can be no assurance that the investment objectives of the scheme will be realised.

UTI Dividend Yield Fund is a Equity - Dividend Yield fund was launched on 3 May 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.3% since its launch.  Ranked 75 in Dividend Yield category.  Return for 2023 was 35.4% , 2022 was -5.3% and 2021 was 38.8% .

Below is the key information for UTI Dividend Yield Fund

UTI Dividend Yield Fund
Growth
Launch Date 3 May 05
NAV (01 Mar 24) ₹147.139 ↑ 1.63   (1.12 %)
Net Assets (Cr) ₹3,527 on 31 Jan 24
Category Equity - Dividend Yield
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 2.1
Sharpe Ratio 2.07
Information Ratio 0.04
Alpha Ratio 3.3
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
28 Feb 19₹10,000
29 Feb 20₹9,912
28 Feb 21₹12,948
28 Feb 22₹16,149
28 Feb 23₹16,308
29 Feb 24₹23,144

UTI Dividend Yield Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
Invest Now

Returns for UTI Dividend Yield Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 3.1%
3 Month 13.3%
6 Month 21.5%
1 Year 41.9%
3 Year 21.4%
5 Year 18.3%
10 Year
15 Year
Since launch 15.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 35.4%
2022 -5.3%
2021 38.8%
2020 18.9%
2019 3.3%
2018 0.5%
2017 28.5%
2016 6.1%
2015 -5.1%
2014 41.2%
Fund Manager information for UTI Dividend Yield Fund
NameSinceTenure
Amit Premchandani16 Nov 221.21 Yr.

Data below for UTI Dividend Yield Fund as on 31 Jan 24

Equity Sector Allocation
SectorValue
Financial Services20.18%
Technology16.3%
Consumer Defensive11.04%
Health Care8.73%
Consumer Cyclical8.5%
Utility8.21%
Energy8.01%
Industrials7.15%
Basic Materials6.55%
Asset Allocation
Asset ClassValue
Cash5.33%
Equity94.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 12 | HDFCBANK
6%₹222 Cr1,300,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
4%₹147 Cr950,905
↓ -449,095
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Aug 19 | TATASTEEL
4%₹133 Cr9,500,000
Tech Mahindra Ltd (Technology)
Equity, Since 31 May 17 | TECHM
4%₹127 Cr1,000,000
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 08 | BEL
3%₹114 Cr6,200,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Nov 07 | ITC
3%₹111 Cr2,400,000
NTPC Ltd (Utilities)
Equity, Since 31 Jul 05 | NTPC
3%₹110 Cr3,550,000
↓ -450,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 08 | TCS
3%₹102 Cr270,000
↓ -20,000
Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | BAJAJ-AUTO
3%₹95 Cr140,000
↓ -10,000
Marico Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | MARICO
3%₹93 Cr1,700,000
↓ -100,000

How to Invest in Dividend Yield Mutual Funds Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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FAQs

1. What are the SEBI guidelines for dividend funds?

A: As per the SEBI guidelines in dividend funds, investments must be made only in companies that provide investors with high dividends. Additionally, under this scheme, 65% of the assets must be invested in high dividend-yielding stocks.

2. What should I know before investing in dividend funds?

A: Dividend funds have been known to produce high returns. Some funds have been known to produce an annual return of 21%. However, investors must be prepared to take moderate to high risks when Investing in dividend funds.

3. Who is best suited to invest in dividend funds?

A: Wealth managers suggest that investors should be prepared to look at an investment period of 5 years for dividend funds to produce the desired returns.

4. Why should I invest in UTI Dividend Yield Fund?

A: The UTI Dividend Yield Fund is one of the best performing dividend funds. It has produced excellent returns in the past five years. The UTI Dividend Yield Fund has demonstrated a Compounded Annual Growth Rate or CAGR of 3.33%. So if you are to invest Rs.80,000 now, you can expect a Total Return of Rs 94,237.15 at the end of 5 years.

5. What is the Principal Dividend Yield Fund?

A: It consists of a diversified portfolio of companies that have been known to provide excellent dividends to investors. The particular fund has been known to produce returns of 9.56% on a 7-year Basis. The company has a diversified portfolio of investments in high and mid-cap companies.

6. Can I invest in dividend funds online?

A: Yes, you can invest online. You will have to log-in to the financial institution's account Offering the service, upload a copy of your PAN Card, Aadhar card, and Bank details. Once you have completed the registration process, you can invest in dividend funds online.

7. Why should I invest in dividend funds?

A: It is ideal for those who want to earn passive Income. This will help you achieve regular income, even if it is low. Thus, to secure your investment and generate good investment habits, you should invest in dividend funds.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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Kishor Jobanputra, posted on 5 Dec 20 8:37 PM

Good information.. Should I invest in hdfc dividend yield fund whose nfo is open till 11th

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