Kindly advice me of 5 Best Mutual fund to invest that Give Tax Free higher Monthly Dividend?
Please note that that dividends paid by mutual fund schemes are totally tax free in your hand. In your query, you have mentioned to provide 5 best funds that pay monthly dividends.
However, what you have not mentioned is your risk profile and the investment horizon. In absence of that, we do not know which funds we should suggest to you. Meanwhile, please note that generally equity funds do not come with monthly dividend payout options but few MIPs and Balanced Funds have monthly dividend payout option and also a good consistent track record of paying the monthly dividends.
You can track their performance and see the monthly dividend payment track record from here - https://www.advisorkhoj.com/mutual-funds...
Please select the right category of fund and explore the monthly dividend payouts along with their respective performances over different time scales.
Thanks for writing to Advisorkhoj.
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