Will it be wise to invest in HDFC Prudence Fund

Will it be wise to invest in HDFC Prudence Fund (Monthly Dividend) Plan. This fund is giving almost 1% monthly dividend. As the dividends are tax free I want to invest Rs. 10 lakhs. Kindly advice?

Jun 17, 2017 by Ashok Sahoo, Angul  |   Mutual Fund

HDFC Prudence Fund is one of the top performing funds in the balanced fund category and has a consistent track record of paying monthly dividends. You can consider investing in this fund. However, you must note that the rate of dividends and frequency of dividend payouts by mutual fund schemes are not assured.

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