Consistent Dividend-Paying Mutual Fund Schemes: Record Dates and Details

Mutual fund investors often look for consistent dividend payouts as a source of steady income. Dividend-paying schemes provide a way to benefit from both the growth of the fund and regular income distributions. 

In this article, we delve into two mutual fund schemes—ITI Balanced Advantage Fund and Nippon India Balanced Advantage Fund—highlighting their recent income distribution announcements and dividend history.

ITI Balanced Advantage Fund: Recent Dividend Announcement

Dividend Details

ITI Mutual Fund has announced an income distribution of ₹0.10 per unit under the IDCW (Income Distribution cum Capital Withdrawal) option for both regular and direct plans of the ITI Balanced Advantage Fund. The record date for this dividend is December 12, 2024.

Fund Objective

This fund seeks long-term capital appreciation by dynamically managing allocations between equity and fixed-income instruments. The flexibility allows the fund to adjust its exposure based on market conditions, aiming to balance growth and risk.

Dividend History

ITI Balanced Advantage Fund has consistently paid a dividend of ₹0.10 per unit monthly in 2024, with a notable exception in January when it distributed ₹0.40 per unit. Below is a snapshot of the fund’s recent dividend history:

Nippon India Balanced Advantage Fund: Recent Dividend Announcement

Dividend Details

Nippon India Mutual Fund has declared an income distribution of ₹0.20 per unit under the IDCW option for both regular and direct plans of its Nippon India Balanced Advantage Fund. The record date for this distribution is December 13, 2024.

Fund Objective

The fund leverages dynamic asset allocation to participate in equity market gains while cushioning potential downsides. It actively uses a mix of equity, debt, money market instruments, and derivatives to achieve this balance.

Dividend History

Nippon India Balanced Advantage Fund has an impressive history of consistent monthly dividends over several years. Nippon India Balanced Advantage Fund has a commendable track record of paying dividends since 2014. Here is an overview of its 2024 dividend payouts:

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.