If I invest in ICICI Balanced Fund for Monthly Income Fund, when I can start getting monthly interest?
It seems you want to know about the monthly dividends announced/ paid by ICICI Prudential Balanced Fund.
Please note that ICICI Prudential Balanced Fund has 3 dividend payout frequency options - monthly, half-yearly and annually. Depending upon the option you are choosing you will get the dividends post announcement of the record date of dividend.
For example - Had you invested in the monthly dividend payout option anytime before 4th August 2017, you would have got the dividend announced on 4th August 2017. The AMC pays the dividend to only those investors who have units on the day dividends are declared.
However, you also need to know that neither the frequency of dividend payment (irrespective of the option chosen by you) or the quantum of dividend is assured. Mutual funds pay dividends from the profits made on the investments / and or from the surplus of the fund.
Please check the different dividend payout frequency of the fund from here https://www.advisorkhoj.com/mutual-funds...
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