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Can you suggest mutual funds paying monthly dividends

I am looking for monthly dividend from mutual fund with growth of my money also. Period I am looking at is of 10 years with the fund. Please advise which fund to invest for monthly dividends?

Apr 11, 2017 by Ramchandran Ganpathy,   |   Mutual Fund

It seems from your query that you are to receive a monthly cash flow (dividends) from your investments in mutual funds in order to meet monthly expenses.

There are some good performing balanced funds which addresses your this requirement by paying monthly dividends. Though monthly dividends are not assured by these funds, you may consider investing in them keeping in view their track record of regular dividend payments. You may select funds from the following list –

ICICI Prudential Balanced Fund https://www.advisorkhoj.com/mutual-funds...

DSP BlackRock Balanced Fund https://www.advisorkhoj.com/mutual-funds...

Canara Robeco Balance https://www.advisorkhoj.com/mutual-funds...

L&T India Prudence Fund https://www.advisorkhoj.com/mutual-funds...

TATA Balanced Fund https://www.advisorkhoj.com/mutual-funds...

HDFC Prudence Fund https://www.advisorkhoj.com/mutual-funds...

Also, to check the performance of these balanced funds please see this tool on our website - https://www.advisorkhoj.com/mutual-funds... (Top consistent performers in balanced funds)

Hope you find the above helpful. Thanks for writing to Advisorkhoj.

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