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Which HDFC scheme offers regular monthly returns?

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Last Updated: Jan 21, 2020, 10.08 AM IST
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I recently came to know that HDFC Mutual Fund has a plan where you invest a lump sum and get monthly returns till the amount is not withdrawn. What is the name of the fund?
---Vikas Achampet

Gaurav Monga, Director, PxG Consultants, responds:


Mutual funds do not guarantee to pay fixed returns in any form, whether monthly or annually. Most of the mutual funds come with two options: growth and dividend. In the dividend option, some categories of funds offer monthly dividend payout. But paying dividends is at the discretion of the fund house. The dividend rate is also not fixed and depends on the returns a fund is generating.
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