Should I invest in ICICI Prudential Balanced Fund for monthly dividends

The advisor has rightly suggested you ICICI Prudential Balanced Fund for getting monthly dividends. ICICI Prudential Balanced Fund is one of the top performing funds in the balanced fund category. The fund has given over 15% annualized return since its inception in November 1999.

You may read this https://www.advisorkhoj.com/articles/Mutual-Funds...

The fund has a track record of paying monthly dividends consistently in the last 2 years. You can check the track record here https://www.advisorkhoj.com/mutual-funds...

The dividend amount will depend on the number of units allotted on your investment amount of Rs 10 Lakhs. For example – the latest NAV of this fund (monthly dividend option) is Rs 24.91 and therefore if Rs 10 Lakhs were invested in this NAV, you would have allotted 40,144.52 units (Rs 10,00,000 / Rs 24.91). Assuming the fund declares the same dividend (0.2400/ unit) as that of last month, you will get a dividend of Rs 9634.68 (40,144.52 units x 0.24) this month.

Hope the above helps you knowing how the dividends works and how much you can expect as dividend from this fund. However, you must also note that neither the dividend percentage nor the dates on which the dividends will be declared is assured.

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