Top 10 mutual funds with dividend option that have given the best returns in the last 3 years

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BI India BureauJun 15, 2020, 16:24 IST
Top 10 mutual funds with dividend option that have given the best returns in the last 3 years

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  • Mutual fund schemes include two schemes — equity and dividend.
  • The dividend plans do not require reinvestments of the profits made by investing in the fund.
  • For the investors looking for the equity funds generating best returns, here are the mutual funds under the dividend plan to get best returns.
Mutual fund investments include two schemes — equity and dividend. Investors in dividend plans of equity mutual funds can select funds on the basis of returns, exit load, fund age, minimum investment and more. The dividend plans do not require reinvestments of the profits made by investing in the fund.

According to the recent announcement by Finance Minister Nirmala Sitharaman, those investing in dividend equity plans will also benefit from the 25% decline in the rates for tax deducted at source (TDS).

Business Insider collated the best performing dividend mutual funds in the last three years. This includes equity funds across large cap, mid cap, and multi cap schemes as well as sector-specific funds. Category returns is a benchmark for a range of returns given by similar schemes.

For the investors looking for the equity funds generating best returns, here are the mutual funds under the dividend plan to get best returns.
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​Nippon India Pharma Fund Direct Mutual fund

​Nippon India Pharma Fund Direct Mutual fund
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹500

Top Holdings: Dr Reddy's Laboratories, Sun Pharma, Cipla and Aurobindo Pharma


Managed by Nippon India Mutual Fund, the equity fund has over 99% investment in Indian stocks. The fund manages ₹2991.57 crore. For investors, there is high risk involved and they should be ready for moderate to high losses in this investment.

​Tata Digital India Fund Direct Dividend Mutual fund

​Tata Digital India Fund Direct Dividend Mutual fund
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹150

Top Holdings: Infosys, Tata Consultancy Services, Wipro, HCL Technologies and Mindtree


Managed by Tata Mutual Fund, the fund has 86.36% investment in Indian stocks. The fund manages ₹343.34 crore. For investors, there is high risk involved and they should be ready for moderate to high losses in this investment.

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​SBI Technology Opportunities Fund Direct - Dividend

​SBI Technology Opportunities Fund Direct - Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹500

Top Holdings: Tata Consultancy Services(TCS), Infosys, Bharti Airtel, Alphabet, HCL Technologies and Tech Mahindra


This fund from the SBI Mutual Fund house is specific to the technology sector funds and involves a high risk. The fund house manages nearly ₹170.81 crore. SBI Technology Opportunities Fund Direct has 85.58% investment in Indian stocks.

​Franklin India Technology Fund Direct - Dividend

​Franklin India Technology Fund Direct - Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹500

Top Holdings: Tata Consultancy Services(TCS), Infosys, Bharti Airtel, HCL Technologies, Info Edge and Tech Mahindra


This fund is managed by Franklin Templeton Mutual Fund and involves a high risk. The fund house manages assets worth ₹246.39 crore. Franklin India Technology Fund Direct - Dividend has over 65% investment in Indian stocks.

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​Aditya Birla Sunlife Digital India Fund Direct - Dividend

​Aditya Birla Sunlife Digital India Fund Direct - Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹1,000

Top Holdings: Infosys, HCL Technologies, Tech Mahindra and Bharti Airtel


This fund is managed by Aditya Birla Sunlife Mutual Fund house that has a fund size worth ₹381.16 crore and has 89.35% investment in Indian shares. There is a possibility of moderate to high losses in this investment.

​ICICI Prudential Bluechip Fund Direct - Dividend

​ICICI Prudential Bluechip Fund Direct - Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹100

Top Holdings: HDFC Bank, Infosys, Bharti Airtel, Reliance Industries, ICICI Bank, SBI Life Insurance


This is a large cap fund by ICICI Prudential Mutual Fund House that manages assets worth ₹21765.7 crore. The equity fund has nearly 95% investment in large cap stocks. From an investment point of view, it is suitable for an investment of nearly 4 years for best returns. The investors should be ready for moderate losses.
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​Tata India Pharma and HealthCare Fund Direct Dividend

​Tata India Pharma and HealthCare Fund Direct Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹150

Top Holdings: Dr Reddy’s Laboratories, Sun Pharmaceutical Industries, Divis Laboratories, Lupin, Ipca Laboratories


Tata India Pharma and HealthCare Fund Direct Dividend has 95.53% investment in Indian stocks and is managed by Tata Mutual Fund. Those investing should be ready for high risk and losses. The fund house manages assets worth ₹235.28 crore.

​Axis Midcap Direct Plan - Dividend

​Axis Midcap Direct Plan - Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹500

Top Holdings: Avenue Supermarts, Ipca Laboratories, Bata India, Pi Industries, Indraprastha Gas


This is a mid cap equity fund managed by Axis Mutual Fund house. The fund has over 82.5% investment in Indian stocks — including 10% in the large cap segment. Investors willing to invest for a period of 3-4 years for a high return can invest in this mid cap fund. However, there are chances of moderate losses in this investment.

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​UTI Healthcare Fund Direct - Dividend

​UTI Healthcare Fund Direct - Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹500

Top Holdings: Dr Reddy's Laboratories, Cipla, Aurobindo Pharma, Sun Pharmaceutical Industries, Lupin

This is a Pharma mutual fund by UTI Mutual Fund House that manages assets worth ₹474.52 crore. The equity fund has nearly 98.88% investment in large cap stocks. The investors should be ready for high losses.

​Axis Bluechip Fund Direct Plan - Dividend

​Axis Bluechip Fund Direct Plan - Dividend
BI India


Minimum SIP (Systematic Investment Plan) Investment: ₹1,000

Top Holdings: HDFC Bank, Kotak Mahindra Bank, Avenue Supermarts, Infosys, Bharti Airtel


Managed by Axis Mutual Fund, the large cap fund has over 79.79% investment in Indian stocks. The fund manages ₹13003.39 crore. For investors, there is a moderate risk involved and they should be ready for moderate losses in this investment.

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