Short Duration Mutual Funds - Monthly Dividend

Short Term Mutual Funds are Open-ended Debt schemes which invests in Govt. Securities which have a Macaulay duration of one to three years.

This category has given minimum stability returns of 3% in one year to a maximum of 8% in longer holding period. These hold no risks but offers lesser returns.

Recommended Duration is 1-3 years.

Here are best Monthly IDCW (Income Distribution cum Capital Withdrawal) which are giving consistent payouts.

DEBT MUTUAL FUNDS (Invest in GOVT. SECURITIES) - MONTHLY DIVIDEND PAYING (4% - 9% Returns)	INCEPTION	IDCW (per UNIT) Rs.	NAV (25-July-2021)
Principal Short Term Debt Fund	13-May-2003	0.02 - 0.12	12.83
Sundaram Short Term Debt Fund	18-May-2004	0.01 - 0.07	12.49
Canara Robeco Short Duration Fund	25-Apr-2011	0.06	15.37
ICICI Prudential Short Term Fund	25-Oct-2001	0.01 - 0.1	12.1
IDFC Bond Fund - Short Term	14-Dec-2000	0.01 - 0.1	10.4
L&T Short Term Bond Fund	27-Dec-2011	0.04 - 0.06	11.38
BNP Paribas Short Term Fund	13-Sep-2004	0.06	10.44
Kotak Bond Short Term Plan	2-May-2002	0.01 - 0.09	10.07
Axis Short Term Fund	22-Jan-2010	0.03 - 0.08	10.23
Nippon India Short Term Fund	18-Dec-2002	0.02 - 0.09	11.44
HDFC Short Term Debt Fund	18-Dec-2014	0.01 - 0.05	10.23
DSP Short Term Fund	16-Feb-2004	0.01 - 0.09	11.46
PGIM India Short Maturity Fund	27-Jan-2003	0.04 - 0.06	11.93
Baroda Short Term Bond Fund - Plan A	30-Jun-2010	0.04 - 0.06	10.17