Please give me the names of top 5 dividend giving MF (monthly), what is your opinion about investing in BSL MIP wealth 25?
Many mutual fund schemes give monthly dividends. It is difficult to identify top 5 funds, without specifying risk / return characteristics. You can use our research tool Consistent Dividend Paying Funds to identify most consistent dividend paying funds in each mutual fund category. You should select the mutual fund category based on your risk appetite. For example If you have a moderately aggressive risk appetite, you can choose the Category – Balanced Funds Equity Oriented. If you have a moderately low risk appetite, you can choose the Category – Hybrid Debt Oriented Funds. Please note that, the tool will show all dividend options which pay dividends most consistently. From the list of most consistent dividend paying funds, you can choose the schemes with monthly dividend option, since that is what you are interested in.
Birla Sun Life MIP Wealth 25 is a hybrid debt oriented fund. As the scheme name suggests, the fund manager will try to maintain equity allocation at around 25% and debt allocation at 75%. Birla Sun Life MIP Wealth 25 is one of the best performing Monthly Income Plans (hybrid debt oriented funds). Using our tool Consistent Dividend Paying Funds discussed above, you will see that, Birla Sun Life MIP Wealth 25 Monthly Dividend Option is one of the most consistent monthly dividend paying funds. It is a good investment choice for moderately low risk appetites.
Hope this answers your query.
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