Sir i have 400000 Rupees. I want to invest in mutual fund for 5 to 6 years. But i want monthly Dividend . So please suggest 2 to 3 mutual fund schemes. I prefer direct investment not through the broker. For 400000 Rupees how much Dividend i receive. Please reply thanks.
3 Answers
Hi,
May I know why are you looking to invest in Dividend option of mutual funds.
Kindly note that Dividend pay-out % is not guaranteed in mutual fund schemes. Also, with the introduction of Dividend Distribution tax on Equity funds, it is advisable no to go for Dividend option.
Kindly read :
https://www.relakhs.com/budget-2018-ltcg-tax-funds-implications/
I need monthly income i choose devident option. Compare to fixed deposit current fd rate is 7% through mutual fund i am able to earn more money i think. As you said income is not fix from devident option. So please tell some other options to earn monthly. Thanks.
Hi,
If you want fixed and guaranteed periodic income then Bank FDs, Post office Monthly Income Scheme and some other slightly risky options like Secured NCDs, Highly rated Company Fixed Deposits can be considered.
Related articles :
https://www.relakhs.com/best-ncd-debentures-bonds-issue/
https://www.relakhs.com/best-company-fixed-deposits-fd-schemes/
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