Top 7 Dividend Yield SIP Mutual Funds in 3 Years: Rs 15,000 monthly SIP in No. 1 fund has turned into Rs 9.25 lakh
Top 7 dividend yield SIP mutual funds in 3 years: The dividend yield mutual fund category has given 46.70 per cent annualised return (CAGR) in 1 year, 23.05 per cent in 3 year, 25.91 per cent in 5 years, and 15.29 per cent in the 10-year period, as per Value Research data.
Top 7 dividend yield SIP mutual funds in 3 years: Dividend stocks attract a lot of investors who want extra income other than returns from their holdings. Many high-growth companies that make good profit pay handsome dividends to their investors. Dividend yield mutual funds invest in such companies. As per Securities Exchange Board of India (Sebi), dividend yield mutual funds fall in the thematic equity fund category, and needs to have 65 per cent of their investments in stocks. The dividend yield mutual fund category has given 46.70 per cent annualised returns (CAGR) in 1 year, 23.05 per cent in 3 year, 25.91 per cent in 5 years, and 15.29 per cent in the 10-year period, as per Value Research data.
In this write-up, know about top 7 dividend yield mutual funds in terms of annualised SIP returns (XIRR) in 3 years, and how Rs 15,000 monthly SIP in each of them has grown to in the same time frame-
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ICICI Prudential Dividend Yield Equity Fund Direct-Growth
The fund has given 38.24 per cent annualised SIP returns in the 3-year period.
The fund has assets under management of Rs 4,841 crore, while its net asset value (NAV) is Rs 58.44.
A Rs 15,000 monthly SIP in the fund has grown to Rs 9.25 lakh in the 3-year time frame.
Aditya Birla Sun Life Dividend Yield Fund Direct-Growth
The fund has had 36.44 per cent annualised SIP returns in 3 years.
It has an asset base of Rs 1,600 crore, while its NAV is Rs 528.16.
A Rs 15,000 monthly SIP in the fund turned into Rs 9.04 lakh in the 3-year period.
HDFC Dividend Yield Fund Direct - Growth
The fund has given 34.70 per cent annualised SIP returns in the 3-year time frame.
It has AUM of Rs 6,203 crore, while its NAV is Rs 27.96.
A Rs 15,000 monthly SIP in the fund grown to Rs 8.83 lakh in the 3-year period.
UTI Dividend Yield Fund Direct-Growth
The fund has had 34.52 per cent annualised SIP returns in the 3-year period.
Its AUM is Rs 4,460 crore, while its NAV is Rs 200.14.
A Rs 15,000 monthly SIP in the fund has converted into Rs 8.81 lakh in 3 years.
Templeton India Equity Income Direct Plan-Growth
The fund has given 33.15 per cent annualised SIP returns in 3 years.
It has an asset base of Rs 2,561 crore, while its NAV is Rs 161.57.
A Rs 15,000 monthly SIP in the fund has swelled to Rs 33.15 lakh in the 3-year time frame.
Tata Dividend Yield Fund Direct - Growth
The fund has given 30.54 per cent annualised SIP returns in the 3-year time frame.
It has AUM of Rs 1,032 crore, while its NAV is Rs 19.96.
A Rs 15,000 monthly SIP in the fund has jumped to Rs 8.36 lakh in the 3-year period.
Sundaram Dividend Yield Fund Direct-Growth
The fund has had 30.33 per cent annualised SIP returns in the 3-year period.
Its AUM is Rs 987 crore, while its NAV is Rs 155.91.
A Rs 15,000 monthly SIP in the fund grown to Rs 8.34 lakh in the 3-year period.