InvestorQ : Which are the top dividend mutual funds for the coming 2-3 years?
Pavithra Prabhakaran made post

Which are the top dividend mutual funds for the coming 2-3 years?

Answer
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4 weeks ago


Some of the dividend-paying funds in no particular order are given below:

  1. DSP Equity Fund - Regular Plan – Dividend
  2. Taurus Star share (Multi Cap) Fund- Regular Plan - Dividend Option
  3. ICICI Prudential Bluechip Fund.
  4. Kotak Emerging Equity Scheme.
  5. BNP Paribas Multi-cap Fund-Dividend Option
  6. Nippon India Multi-Cap Fund-Dividend Plan
  7. Mirae Asset India Equity Fund.
  8. Motilal Oswal Multicap 35 Fund.
  9. Axis Mid Cap Fund
  10. Principal Dividend Yield Fund
Do note that dividends are subject to taxation from this year onwards. Budget 2020 has abolished dividend distribution tax (DDT) on dividends declared by mutual funds. Instead, it has made dividends taxable in the hands of investors at their income tax slab rate. For instance, someone in the 30% slab will pay a tax at that rate, while someone in the 5% slab would pay tax at 5% on mutual fund dividends (debt or equity), ignoring surcharge and cess. This will apply from the financial year 2020-21.