Can balanced fund dividends help meeting the monthly expenses

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Please note that there are hardly any equity funds which pays monthly dividend regularly, as desired by you. However, there are few good performing balanced funds which pays dividend monthly and/ or quarterly. Probably these can serve your purpose. You can explore these funds from here - https://www.advisorkhoj.com/mutual-funds... (Consistent dividend paying balanced funds).

Some of the popular balanced funds paying monthly dividends are as follows :-

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

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

Canara Robeco Balanced Fund https://www.advisorkhoj.com/mutual-funds-research/mutual-funds...

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

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

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

Please also note that if you compare the total dividend yield of these funds, you will find them higher than that of bank or post office fixed deposits. The dividends received from balanced funds are also tax free. However, the investment horizon for investing in balanced fund should also be higher, at least 4-5 years.

Hope the above helps.

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