Best Dividend Paying Mutual Funds for a Secure Retirement introduction

 There are many different mutual funds out there, and they can all be slightly different. Many mutual funds are good at achieving their goals of providing you with more money in the future, but some do it better than others, and that’s why you need to invest in the bestdividend mutual funds available to ensure that your retirement will be secure.

The following list contains several of the top dividend paying mutual funds that will help you retire comfortably without having to worry about how you’ll make ends meet in your golden years.

ICICI prudential dividend fund

If you’re looking to invest in mutual funds, it’s not enough to find one that pays dividends—you want one that consistently offers strong returns and keeps your principal safe. That’s where ICICIPrudential Dividend Equity Fund comes in. In order to invest in ICICI prudential funds, you have to complete all KYC formalities that are online and paperless. The average annual return provided by this fund is 12.85%. You can select either SIP or Lumpsum as per your convenience.

IDFC dividend yield fund

The IDFC dividend yield fund invests in large-cap stocks that pay dividends.  The IDFC has a good dividend track report yet and has consistently declared dividends for the last 5 years.

 So why is it considered one of India’s best dividend-yielding funds? The IDFC dividend yield fund offers an investor two qualities – growth and dividends. Its portfolio is made up of well-known stocks, which also have good potential to deliver dividends in the future.

Over time, you can expect your capital to grow and some regular income from your fund with no volatility. The last dividend paid by this company was Rs.0.7500 per share(7.5%).

Sundaram dividend yield fund

Sundaram is one of India’s leading mutual fundcompanies and has a long record of consistent dividend payouts. The Sundaram dividend yield fund keeps growing since Jan 2013 and the annual average return provided by Sundaram is 1.22%. You can invest either by SIP or Lumpsum based on your objectives.

Aditya Birla Sun life dividend yield fund

Aditya Birla Sun life dividend yield fund mutual fund is suited for those investors who have advanced knowledge about macro trends and also prefer higher returns compared to other Equity funds. At the same time, these investors should also be ready for the possibility of moderate to high losses in their investments even though the overall market is performing better. The average annual return provided by this fund is -1.44%.

HDFC dividend fund

If you’re looking to fund your retirement with dividends, then the HDFC dividend fund may be worth looking into. The HDFC dividend fund is one of India’s most trusted equity mutual funds, and it is among the very best in terms of returns in recent years—with an annualized return of 12.3% over 10 years (as per Value Research). It has two plans, one that invests in large-cap stocks and another that does so through mid-caps and small-caps. The annual return provided by the fund is 8.70%.