Do you also want to know about the best Dividend Yield Mutual Fund in India in 2024, then you can know very easily from here.
What is the dividend?
When a company distributes a portion of its profits to its shareholders, it is called a dividend in the world of the stock market. Not all companies provide dividends.
What is the Dividend in Mutual funds?
A dividend fund is operated by a mutual fund company that has the authority granted by SEBI to invest 65% of its portfolio in companies capable of regularly issuing dividends. And then, the mutual fund distributes the profits obtained from these companies to its investors in the form of dividends.
What is the dividend yield?
When a company provides dividends to its shareholders based on the per-share amount, the percentage of the dividend given per share is known as the dividend yield. In other words, the dividend yield is calculated as the percentage of the company’s share price. For example, if a company’s share is priced at 10 rupees, and it pays a dividend of 2 rupees per share, the dividend yield would be the same percentage as the dividend amount relative to the share price.
What is the Dividend yield formula?
Dividend Yield = Dividend Per Share/Share Price x 100
Assuming a company’s share price is 10 rupees, and the company pays a dividend of 2 rupees per share to all its shareholders, in this case, the dividend yield for this company would be 20%.
What is a dividend yield fund?
The dividend yield is a characteristic of dividend mutual funds. Yes, the higher the dividend yield of a fund, the more dividends it will be able to distribute to its investors.
Top 8 Best Dividend Mutual Funds
1. ICICI Prudential Dividend Yield Equity Fund Direct-Growth – A 21.22% annual return over 5 years.
2. Templeton India Equity Income Direct Plan-Growth – A 20.94% annual return over 5 years.
3. Aditya Birla Sun Life Dividend Yield Fund Direct-Growth – A 19.40% annual return over 5 years.
4. IDBI Dividend Yield Fund Direct-Growth – A 22.44% annual return over 3 years.
5. Sundaram Dividend Yield Fund Direct-Growth – A 18.03% annual return over 5 years.
6. UTI Dividend Yield Fund Direct-Growth – A 17.23% annual return over 5 years.
7. LIC MF Dividend Yield Fund Direct-Growth – A 20.82% annual return over 5 years.
8. Tata Dividend Yield Fund Direct-Growth – A 16.72% annual return over 5 years.
Top 5 Best Dividend funds giving the best returns in 3 years
1. ICICI Prudential Dividend Yield Equity Fund Direct-Growth – A 32.44% annual return over 3 years
2. Templeton India Equity Income Direct Plan-Growth – A 27.19% annual return over 3 years.
3. Aditya Birla Sun Life Dividend Yield Fund Direct-Growth – A 26.36% annual return over 3 years.
4. IDBI Dividend Yield Fund Direct-Growth – A 22.44% annual return over 3 years.
5. Sundaram Dividend Yield Fund Direct-Growth – A 22.11% annual return over 3 years.
Read also: What is the XIRR in Mutual Fund
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