Please suggest a good mutual fund having highest dividend yield...
Are you looking for a equity mutual fund scheme that invests into high dividend yield stocks? If yes, you might want to take a look at Birla Sunlife Dividend Yield Plus, UTI Dividend Yield.
Or if you are looking for a fund that *pays* more of dividend at regular intervals, you should check for the best performers in the category of Monthly Income Plans. HDFC Monthly Income Plan - Long Term has been the category topper for quite sometime.
You can use
http://www.valueresearchonline.com for quick comparison.
Dear Friends,
with consistent dividend payment track record (atleast for the past 3 to 4 years).
If your requirement is a consistent dividend payout at regular intervals, you could take a look at Monthly Income Plans/Dividend option. Possibility of missing on payout is much less if you take up a Quarterly Dividend option than a Monthly Dividend option.
Pure equity funds do not pay dividend in a consistent manner. This is because equity prices tend to be volatile in the short term (like a month or a quarter).
On the other hand, debt funds (pure or ones with moderate equity exposure like MIPs) are more stable & can distribute the gains effectively.