Which is the best mutual fund to get consistent monthly dividend

There are no schemes in mutual funds which has NIL risk and provides monthly dividend for retired people.

Mutual funds comes with varied degree of risks based on the category of fund that you are investing in. For example - liquid funds will have the least risk, while debt funds have moderate risk and equity funds will have moderately high to high risk.

Also, there are no specific schemes in any of the categories which are meant for retired investors. Having said that, balanced funds have become a popular category of funds with retired investors as some of them have a good track record of paying monthly dividends. However, even though some of the funds have good dividend paying track record the same is not assured, neither the dividend percentage nor the dividend payment dates. Also, Balanced Funds are suitable for investors with moderately high risk taking appetite.

You can check the monthly dividend payment track record of balanced funds from here - https://www.advisorkhoj.com/mutual-funds... - Click on the Dividend History and see the dividend payment date and percentage etc.

Therefore, if you are ready to take moderately high risk, Balanced Funds which pays monthly dividend can be a good option for you. Alternatively, with slightly lesser risk, you can invest in Hybrid debt Funds with monthly dividend option. You can check the details here https://www.advisorkhoj.com/mutual-funds...

In case if you find that both the options are not suitable according to your risk taking appetite, then you should look for traditional investment options like, Senior Citizen Scheme, Post Office MIS or Bank Fixed Deposits.

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