How to get regular monthly dividends from mutual funds

I am interested to invest a lump sum approx 6 lakhs amount in monthly dividend payout funds. So, please I request you suggest me best performing 5-6 mutual funds with high monthly dividend. I need compulsory monthly dividends?

Apr 11, 2017 by M Rammohan Rao, | Mutual Fund

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

There are some good performing balanced category of mutual funds who address this issue by paying monthly dividends to investors. Though monthly dividends are not assured by these funds, you may consider investing in them keeping in view their track record of regular dividend payment. 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 check 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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