Best Dividend Yield Mutual Funds in India 2024 (2024)

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Best Dividend Yield Mutual Funds in India 2024 (1)

  • Average Return 24.05%
  • No of Funds 8

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What is Dividend Yield Mutual Fund

Dividend yield mutual funds are equity funds that invest in stocks of companies that declare dividends regularly.

Advantages of Dividend Yield Funds

  • Select sectors in the portfolio mean they are not genuinely diversified
  • High-risk category as returns are tied to a theme playing out
  • Suitable for aggressive investors, even then exposure should not be more than 10% of the portfolio

Top schemes of Dividend Yield Mutual Funds sorted by Returns

8 funds

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Best Dividend Yield Mutual Funds in India 2024 (2)

ICICI Prudential Dividend Yield Equity Fund

#2 of 6

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (3)

Fund Size

₹4,841 Crs

Return (p.a)

+ 62.28%+ 4.06% + 41.85%+ 5.94% + 48.61%+ 12.35% + 51.94%+ 26.27% + 38.24%+ 71.26% + 35.94%+ 140.34%

ETM Rank

#2 of 6

Genius only Best Dividend Yield Mutual Funds in India 2024 (4)

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Best Dividend Yield Mutual Funds in India 2024 (5)

Templeton India Equity Income Fund

#1 of 6

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (6)

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Best Dividend Yield Mutual Funds in India 2024 (8)

Aditya Birla Sun Life Dividend Yield Fund

#5 of 6

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (9)

Fund Size

₹1,600 Crs

Return (p.a)

+ 49.75%+ 3.26% + 33.83%+ 4.84% + 49.82%+ 12.5% + 47.34%+ 23.93% + 35.42%+ 64.98% + 31.32%+ 115.54%

ETM Rank

#5 of 6

Genius only Best Dividend Yield Mutual Funds in India 2024 (10)

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Best Dividend Yield Mutual Funds in India 2024 (11)

UTI Dividend Yield Fund

#6 of 6

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (12)

Fund Size

₹4,460 Crs

Return (p.a)

+ 68.56%+ 4.38% + 57.12%+ 7.76% + 73.2%+ 17.63% + 60.94%+ 30.53% + 34.52%+ 63.21% + 29.58%+ 107.02%

ETM Rank

#6 of 6

Genius only Best Dividend Yield Mutual Funds in India 2024 (13)

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Best Dividend Yield Mutual Funds in India 2024 (14)

Sundaram Dividend Yield Fund

#4 of 6

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (15)

Fund Size

₹987 Crs

Return (p.a)

+ 66.95%+ 4.3% + 34.62%+ 5.03% + 44.54%+ 11.43% + 43.4%+ 22.16% + 30.33%+ 54.4% + 27.26%+ 95.92%

ETM Rank

#4 of 6

Genius only Best Dividend Yield Mutual Funds in India 2024 (16)

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Best Dividend Yield Mutual Funds in India 2024 (17)

HDFC Dividend Yield Fund

Unranked

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (18)

Fund Size

₹6,203 Crs

Return (p.a)

+ 85.78%+ 5.22% + 44.09%+ 6.22% + 53.86%+ 13.52% + 47.25%+ 24.02% + 34.7%+ 63.57% N.A.N.A.

ETM Rank

Unranked

Genius only Best Dividend Yield Mutual Funds in India 2024 (19)

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Best Dividend Yield Mutual Funds in India 2024 (20)

SBI Dividend Yield Fund

Unranked

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (21)

Fund Size

₹9,445 Crs

Return (p.a)

+ 56.36%+ 3.74% + 31.34%+ 4.6% + 44.69%+ 11.46% + 42.55%+ 21.74% N.A.N.A. N.A.N.A.

ETM Rank

Unranked

Genius only Best Dividend Yield Mutual Funds in India 2024 (22)

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Best Dividend Yield Mutual Funds in India 2024 (23)

Tata Dividend Yield Fund

Unranked

ETM Rank: Genius only Best Dividend Yield Mutual Funds in India 2024 (24)

Fund Size

₹1,032 Crs

Return (p.a)

+ 80.78%+ 4.99% + 25.64%+ 3.84% + 44.12%+ 11.33% + 40.89%+ 20.93% + 30.54%+ 54.84% N.A.N.A.

ETM Rank

Unranked

Genius only Best Dividend Yield Mutual Funds in India 2024 (25)

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Dividend Yield Funds Returns Calculator

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ICICI Prudential Dividend Yield Equity Fund

  • ICICI Prudential Dividend Yield Equity Fund
  • Templeton India Equity Income Fund
  • Aditya Birla Sun Life Dividend Yield Fund
  • UTI Dividend Yield Fund
  • Sundaram Dividend Yield Fund
  • HDFC Dividend Yield Fund
  • SBI Dividend Yield Fund
  • Tata Dividend Yield Fund

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Minimum: ₹1,000

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  • 1 Month
  • 3 Months
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  • 1 Year
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Invested Gains

Best Dividend Yield Mutual Funds in India 2024 (26)You would have got

Total investment Invested 6 Lakh

Profit 3.33 Lakh

Current value Current value 9.33 Lakh

Best Dividend Yield Mutual Funds in India 2024 (27)

This fund has generated an XIRR of 35.94% over the past 5 Years

See scheme details Invest now

Genius High Growth Portfolio strategies would have potentially delivered up to 26.21% returns! Know More

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  • How to invest in Dividend Yield Funds?
  • Frequently Asked Questions

How to invest in Dividend Yield Funds?

It is quite easy to invest in Dividend Yield mutual funds on ET Money. Here are the steps that you have to follow.

  • Register online on ET Money app or website
  • Head to Mutual Funds sections and choose the Dividend Yield fund you want to invest in.
  • Click on invest and choose the amount and mode of investment (SIP or Lumpsum)
  • Provide your KYC details (Pan number, Bank details) and complete your investment.

Frequently Asked Questions

Which are the best Dividend Yield Mutual Funds to invest in 2024?

These are top 5 Dividend Yield funds you can invest in 2024

Fund NameFund CategoryETM RankConsistency5 Year Return (Annualized)
HDFC Dividend Yield FundEquityUnrankedNA
Aditya Birla Sun Life Dividend Yield FundEquity# 5 of 626.76 % p.a.
SBI Dividend Yield FundEquityUnrankedNA
Templeton India Equity Income FundEquity# 1 of 627.58 % p.a.
Sundaram Dividend Yield FundEquity# 4 of 624.63 % p.a.

Since Thematic-Dividend yields Mutual Funds are equity funds i.e. they invest in stocks of companies, you need to stay invested for at least 5 years.

Thematic Funds have to invest at least 80% of their assets in stocks tied to a particular theme. For instance, a Thematic Infrastructure Fund will invest in stocks related to the theme of infrastructure. This means they invest in companies connected to the development of infrastructure of our country like those operating in steel, cement, construction sectors.

Thematic-Dividend yields Mutual Funds invest in equities, so in a short term, they can be volatile. However, over a long-term, the risk comes down substantially.

Dividend Yield Funds have on an average delivered 26.62% p.a. returns in the last 5 years. Their 3 and 10 year annualized returns are 24.05% and 16.1% p.a.

Thematic Funds are some of the riskiest Mutual Funds. Although they are more diversified than Sectoral Funds, they still carry high risk. That's because their success depends on the theme playing out as expected. If it doesn't, then none of the stocks will perform, resulting in massive underperformance. These funds are suitable only for experienced investors, and even then, not more than 10% of the portfolio should be in these funds.

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Best Dividend Yield Mutual Funds in India 2024 (2024)

FAQs

Should a 70 year old invest in mutual funds? ›

Conventional wisdom holds that when you hit your 70s, you should adjust your investment portfolio so it leans heavily toward low-risk bonds and cash accounts and away from higher-risk stocks and mutual funds. That strategy still has merit, according to many financial advisors.

Is Vedanta dividend declared for 2024? ›

Vedanta Ltd.

For the year ending March 2024 Vedanta has declared an equity dividend of 2950.00% amounting to Rs 29.5 per share. At the current share price of Rs 454.05 this results in a dividend yield of 6.5%. The company has a good dividend track report and has consistently declared dividends for the last 5 years.

Will Tata Steel give a dividend in 2024? ›

Earlier, Tata Steel turned ex-dividend on June 21, which was also the record date for the final dividend of Rs 3.60 per share for FY24, the same as the payout in FY23. The dividend payment date was fixed on and from July 19, 2024.

What is the dividend of SBI in 2024? ›

For the year ending March 2024 State Bank of India has declared an equity dividend of 1370.00% amounting to Rs 13.7 per share. At the current share price of Rs 790.85 this results in a dividend yield of 1.73%.

What is the average return for funds in 2024? ›

The S&P 500 average return

There are many stock market indexes, including the S&P 500. This index includes 500 of the largest US companies; some investors use its performance to measure the market's health. The annual S&P 500 average return in 2023 was 24%. So far, the average return for 2024 is around 116%.

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