Mutual fund investors to receive dividends of up to ₹14.63 per unit on these schemes
Several mutual fund houses have announced dividend payouts across their schemes with a record date of September 13, 2024. This announcement means investors in these funds will receive dividends based on their holdings on this date.
Dividends are a way for investors to benefit from the earnings of their mutual funds, offering a return on their investment.
Here are the details of the announced dividends:
Scheme Name | Type | Dividend (₹ / Unit) |
ICICI Pru All Seasons Bond Direct-IDCW | Open-ended | ₹ 0.93 |
ICICI Pru All Seasons Bond-IDCW | Open-ended | ₹ 0.84 |
ICICI Pru Equity & Debt Direct-IDCWH | Open-ended | ₹ 1.20 |
ICICI Pru Equity & Debt-IDCWH | Open-ended | ₹ 1.20 |
ICICI Pru FMCG Direct-IDCW | Open-ended | ₹ 8.75 |
ICICI Pru FMCG-IDCW | Open-ended | ₹ 8.75 |
ITI Balanced Advantage Fund Direct-IDCW | Open-ended | ₹ 14.63 |
ITI Balanced Advantage Fund Reg-IDCW | Open-ended | ₹ 13.24 |
(Source: Value Research; Note: IDCW stands for Income Distribution Cum Capital Withdrawal, which is a mutual fund investment strategy that distributes a portion of a fund’s profits to investors.)
What are dividends?
Dividends are distributions of a mutual fund’s
earnings to its investors. These payments can be in the form of cash or additional units.
Dividends provide investors with a return on their investment and can be reinvested to purchase more units of the fund or withdrawn for personal use.
Who benefits and how?
Investors benefit from dividends as a direct return on their investment in mutual funds.
The amount of dividend received depends on the number of units held and the dividend declared by the fund.
Dividends can enhance the overall returns from mutual funds, offering an additional source of income.
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