Dividend mutual funds have become increasingly popular among investors seeking a balance between income and capital appreciation. These funds offer a unique opportunity to benefit from both regular dividend payments and the potential for long-term capital growth.
Dividend mutual funds are a type of equity fund that primarily invests in companies known for paying consistent and sustainable dividends. These funds aim to provide investors with a steady income stream in the form of regular dividend payments, while also offering the potential for capital appreciation through stock price increases.
Following are the mutual fund schemes that declared a dividend on its record date:
| Scheme name | Category | Record Date | Dividend (%) | Dividend (Rs / Unit) |
| Aditya Birla SL Arbitrage Direct-IDCW | Hybrid: Arbitrage | 24-May-24 | 0.67 | 0.067 |
| Aditya Birla SL Arbitrage Reg-IDCW | Hybrid: Arbitrage | 24-May-24 | 0.65 | 0.065 |
| Aditya Birla SL Balanced Advantage Direct-IDCW | Hybrid: Dynamic Asset Allocation | 24-May-24 | 1.67 | 0.167 |
| Aditya Birla SL Balanced Advantage Reg-IDCW | Hybrid: Dynamic Asset Allocation | 24-May-24 | 1.48 | 0.148 |
| Aditya Birla SL India GenNext Direct-IDCW | EQ-Consumption | 24-May-24 | 35.89 | 3.589 |
| Aditya Birla SL India GenNext Reg-IDCW | EQ-Consumption | 24-May-24 | 28.66 | 2.866 |
| Aditya Birla SL Special Opportunities Direct-IDCW | EQ-THEMATIC | 24-May-24 | 14.1 | 1.41 |
| Aditya Birla SL Special Opportunities Reg-IDCW | EQ-THEMATIC | 24-May-24 | 13.34 | 1.334 |
| Franklin India Debt Hybrid A Direct-IDCWM | Hybrid: Conservative | 24-May-24 | 0.95 | 0.095 |
| Franklin India Debt Hybrid A-IDCWM | Hybrid: Conservative | 24-May-24 | 0.85 | 0.085 |
| Franklin India Equity Hybrid Direct-IDCW | Aggressive Hybrid | 24-May-24 | 27.5 | 2.75 |
| Franklin India Equity Hybrid-IDCW | Aggressive Hybrid | 24-May-24 | 22.5 | 2.25 |
| Franklin India NSE Nifty 50 Index Direct-IDCW | Equity Large Cap | 24-May-24 | 90 | 9 |
| Franklin India NSE Nifty 50 Index-IDCW | Equity Large Cap | 24-May-24 | 90 | 9 |
| UTI Aggressive Hybrid Direct-IDCW | Aggressive Hybrid | 24-May-24 | 8.4 | 0.84 |
| UTI Aggressive Hybrid Reg-IDCW | Aggressive Hybrid | 24-May-24 | 8.4 | 0.84 |
Data as of May 23, 2024.
Regular Income: Dividend payments provide a reliable source of income, which can be used to supplement your regular income or reinvest to compound your returns over time.
Reduced Volatility: Dividend stocks tend to be less volatile than the broader market, making them a good option for investors seeking to build a more stable portfolio.
Capital Growth Potential: While the primary focus is on income generation, dividend mutual funds can also offer significant capital appreciation over the long term. This is due to the reinvestment of dividends and the potential for the underlying companies to grow their businesses and increase their dividends.
Diversification: Dividend mutual funds provide instant diversification by investing in a basket of companies across various sectors and industries. This helps to spread your risk and reduce the impact of any single company’s performance on your portfolio.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.
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