Top-Performing Dividend Yield Mutual Funds of 2021
Mutual funds offer various types of schemes to investors such as equity-oriented, debt-oriented, solution funds, index funds and fund of funds. Within these schemes, there are various categories and as per SEBI, there are 10 categories of equity-oriented schemes. Out of this one of the categories is the dividend yield fund.
Dividend yield funds are open-ended equity schemes pre-dominantly investing in dividend-yielding stocks. As per SEBI minimum investment in equity should be 65 per cent of total assets. These mutual funds are the best options for those who want to invest in equity markets that offer dividends periodically.
These mutual funds can be divided into two categories based on asset allocation: Equity and Debt. Allocating assets towards equity of more than 65 per cent would deliver higher returns, but with a risk factor
Take a look at top-performing dividend yield mutual funds based on one, three and five year returns:
|
Fund Name
|
1-Year return
|
3-Year Return
|
5-Year Returns
|
AUM (in Crs.)
|
|
Templeton India Equity Income Fund - Direct Plan - Growth
|
70.44%
|
19.64%
|
16.24%
|
₹1,169
|
|
Principal Dividend Yield Fund - Direct Plan - Growth
|
59.30%
|
17.64%
|
17.53%
|
₹238
|
|
UTI Dividend Yield Fund - Direct Plan - Growth
|
64.38%
|
18.90%
|
16.97%
|
₹3,177
|
|
Aditya Birla Sun Life Dividend Yield Fund - Direct Plan - Growth
|
54.67%
|
15.40%
|
11.94%
|
₹867
|
|
ICICI Prudential Dividend Yield Equity Fund - Direct Plan - Growth
|
70.95%
|
14.72%
|
13.63%
|
₹446
|
|
IDBI Dividend Yield Fund - Direct Plan
|
49.36%
|
NA
|
NA
|
₹100
|