Tata Hybrid Equity Fund - Regular Plan

Tata Hybrid Equity Fund is a fund that has given consistently good returns in the last few years. It last declared a dividend of Rs 5.17 on March 15, 2019.

The NAV under the dividend plan is Rs 59.68. Tata Balanced Fund has generated a return of almost 15.36 per cent since its launch in 1995. Those looking at stable monthly income could opt for this balanced fund. The minimum initial investment required is Rs 5,000.

One can start an SIP through the fund through small amounts of Rs 500 every month. The fund has exposure to government debt and in the equity segment has exposure to shares of ICICI Bank, HDFC Bank and Reliance Industries among others.

HDFC Balanced Advantage fund

This has to be one of the top mutual funds in the country with assets under management of Rs 37,395 crores. It has a solid record of the best distribution of monthly income. It is a hybrid fund with money parked in both debt and equity.

The fund last declared a dividend of Rs 0.31 per unit on Feb 25, 2019. The current NAV under the monthly income plan is Rs 29.74. 

You can invest in the scheme through the systematic investment plan, which can help generate monthly income.

Remember that in Union Budget 2018, capital gains from mutual funds have been taxed.  

Other details of HDFC Balanced Fund

SIPs in the HDFC Balanced Fund can be done with a small sum of Rs 500. The initial amount required is Rs 5,000. The fund has holding in State Bank of India, ICICI Bank, Infosys and Larsen and Toubro among others. The fund also has holdings in debt of State Bank of India and Tata Sons.

The portfolio is solid and also is largely safe. However, an important thing to note is that while the track record of the fund for dividends is excellent, there is no guarantee that the dividends would be certain. It largely depends on the market conditions.

ICICI Prudential Equity and Debt Fund

ICICI Prudential Equity and Debt Fund is another fund that is good for monthly, yearly income and half yearly income. It has a good track record and the portfolio too looks attractive. The dividend plans currently has an NAV of Rs 13.25. This is for the yearly plan and one can also opt for the same.

The fund has a very large asset size of nearly Rs 25,467 crores. Among the top holdings of ICICI Prudential Equity and Debt Fund include the likes of ICICI Bank, ITC, NTPC, HDFC and ONGC. The fund also has debt in its holdings including debt from ICICI Bank and government debt.

L&T Hybrid Equity Fund

This is also a top fund for those looking to earn monthly dividend. The fund last declared a dividend of 0.05 on Dec 27. L&T Hybrid Equity Fund is currently having holdings in some top funds including the likes of HDFC Bank, HDFC etc.

It also has debt holdings in government debt, NABARD, ICICI Bank etc. You can also opt for the yearly dividends under the plan.

Returns and dividends from funds with large exposure to equity, largely depends on the market performance. So, one thing investors should note is that dividends are not certain and depend on market performance. On the other has bank and other fixed deposits, you are assured of returns.

Disclaimer

This article is strictly for informational purposes only. It is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article.