Best Monthly Income Mutual Funds India English

Best Monthly Income Mutual Funds India

The table below shows the Best Monthly Income Mutual Funds in India based on AUM, NAV, and minimum SIP.

NameAUM (Cr)Minimum SIP (Rs)NAV (Rs)
Quant Infrastructure Fund2498.191000.043.7
ICICI Pru PSU Equity Fund2396.740.020.4
Quant Multi Asset Fund1829.080.0136.26
Nippon India Gold Savings Fund1709.275000.029.43
HDFC Gold Fund1682.18100.022.99
SBI Gold1603.765000.022.5
Kotak Gold Fund1576.15100.029.7
Mirae Asset NYSE FANG+ETF FoF1441.40.019.76
Quant Momentum Fund1356.670.014.3
Quant Value Fund1282.890.020.94

Content: 

What are the Monthly Income Mutual Funds?

Monthly income mutual funds are investment vehicles that aim to provide investors with regular income distributions on a monthly basis. These funds typically invest in fixed-income securities such as bonds, money market instruments, and dividend-paying stocks, generating income for investors through interest payments and dividends.

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Monthly Income Mutual Funds India

The table below shows the Monthly Income of Mutual Funds in India based on the Highest 5Y CAGR. 

NameCAGR 5Y (Cr)
Quant Infrastructure Fund37.65
Quant Multi Asset Fund30.08
Invesco India PSU Equity Fund29.55
Bandhan Infrastructure Fund26.91
SBI Gold16.98
HDFC Gold Fund16.78
Kotak Gold Fund16.61
Nippon India Gold Savings Fund16.55
ICICI Pru Regular Gold Savings Fund16.55

Best Monthly Income Mutual Funds India

The table below shows Best Monthly Income Mutual Funds India based on exit load i.e the fee that the AMC charges investors at the time of exiting or redeeming their fund units.

NameExit Load %AMC
Quant Infrastructure Fund0.5Quant Money Managers Limited
Mirae Asset NYSE FANG+ETF FoF0.5Mirae Asset Investment Managers (India) Private Limited
Bandhan Infrastructure Fund0.5Bandhan AMC Limited
ICICI Pru PSU Equity Fund1.0ICICI Prudential Asset Management Company Limited
Nippon India Gold Savings Fund1.0Nippon Life India Asset Management Limited
HDFC Gold Fund1.0HDFC Asset Management Company Limited
Quant Multi Asset Fund1.0Quant Money Managers Limited
SBI Gold1.0SBI Funds Management Limited
Kotak Gold Fund1.0Kotak Mahindra Asset Management Company Limited
Quant Momentum Fund1.0Quant Money Managers Limited

List Of Monthly Income Mutual Fund

The table below shows the List Of Monthly Income Mutual Funds based on Absolute 1 Year Return and AMC. 

NameAMCAbsolute Returns – 1Y %
Mirae Asset NYSE FANG+ETF FoFMirae Asset Investment Managers (India) Private Limited92.04
Invesco India PSU Equity FundInvesco Asset Management Company Pvt Ltd.91.51
ICICI Pru PSU Equity FundICICI Prudential Asset Management Company Limited86.98
Bandhan Infrastructure FundBandhan AMC Limited84.62
Quant Infrastructure FundQuant Money Managers Limited83.73
Quant Value FundQuant Money Managers Limited83.64
Quant Multi Asset FundQuant Money Managers Limited50.6
SBI GoldSBI Funds Management Limited18.78
ICICI Pru Regular Gold Savings FundICICI Prudential Asset Management Company Limited18.67
Nippon India Gold Savings FundNippon Life India Asset Management Limited18.45

Top Monthly Income Mutual Funds

The below table shows Top Monthly Income Mutual Funds based on Absolute 6-month Return and AMC. 

NameAMCAbsolute Returns – 6M %
Quant Infrastructure FundQuant Money Managers Limited62.85
Quant Value FundQuant Money Managers Limited62.42
ICICI Pru PSU Equity FundICICI Prudential Asset Management Company Limited58.63
Invesco India PSU Equity FundInvesco Asset Management Company Pvt Ltd.57.43
Mirae Asset NYSE FANG+ETF FoFMirae Asset Investment Managers (India) Private Limited53.23
Bandhan Infrastructure FundBandhan AMC Limited49.63
Quant Multi Asset FundQuant Money Managers Limited40.34
ICICI Pru Regular Gold Savings FundICICI Prudential Asset Management Company Limited19.04
SBI GoldSBI Funds Management Limited18.65
HDFC Gold FundHDFC Asset Management Company Limited18.46

Types of Monthly Income Mutual Fund

Monthly Income Mutual Funds aim to provide investors with regular income distributions, typically every month, while also aiming for capital appreciation. There are several types of Monthly Income Mutual Funds, including:

1. Fixed-income funds: These funds invest predominantly in bonds and other fixed-income securities to provide stable income distributions.

2. Dividend Yield Funds: Focus on investing in stocks with high dividend yields, aiming to generate regular income from dividend payments.

3. Hybrid Income Funds: These funds invest in a combination of fixed-income securities and dividend-paying stocks to provide a balanced approach to income generation.

4. Debt Funds: To generate regular income, invest in a diversified portfolio of debt securities, such as government bonds, corporate bonds, and money market instruments.

These funds cater to investors seeking regular income streams while preserving capital to some extent, making them suitable for retirees, income-oriented investors, or those looking for a steady source of income alongside capital appreciation.

Who Should Invest In Monthly Income Mutual Fund?

Monthly Income Mutual Funds are suitable for investors seeking regular income distributions from their investments while also aiming for capital appreciation. They are particularly well-suited for retirees or individuals looking to supplement their monthly income. Additionally, investors with a low-risk tolerance and those seeking stability and consistency in their investment returns may find Monthly Income Mutual Funds attractive.

How To Invest In Monthly Income Mutual Funds?

To invest in Monthly Income Mutual Funds, Research and select a suitable fund based on your income needs, risk tolerance, and investment goals. Open an account with a mutual fund provider or brokerage platform. Complete the necessary documentation and fund your account with the desired investment amount. Choose the investment option that offers monthly income distributions, and monitor your investment regularly.

Performance Metrics Of Monthly Income Mutual Fund

Performance metrics of Monthly Income Mutual Funds typically include:

1. Distribution Yield: Reflects the fund’s annual income distributions as a percentage of its current net asset value (NAV), indicating the income generated for investors.

2. Total Return: Measures the fund’s overall return, including income distributions and capital appreciation or depreciation over a specified period.

3. Expense Ratio: This represents the percentage of assets deducted annually as fees by the mutual fund, which impacts overall returns.

4. Volatility: Measures the fluctuations in the fund’s returns, indicating the level of risk associated with the investment.

5. Sharpe Ratio: Evaluate the fund’s risk-adjusted return, considering both returns and volatility.

These metrics help investors assess the effectiveness of Monthly Income Mutual Funds in generating regular income distributions and achieving their investment objectives.

Benefits of Monthly Income Mutual Fund

Monthly Income Mutual Funds offer several benefits:

1. Regular Income: Provide investors with a steady stream of income distributions, typically every month, helping to meet regular expenses or supplement other sources of income.

2. Capital Preservation: Aim to preserve capital to some extent while generating income, making it suitable for investors seeking income and capital appreciation.

3. Diversification: Invest in a diversified portfolio of income-generating securities, spreading risk across various asset classes and issuers.

4. Professional Management: Managed by experienced fund managers who actively select and manage the fund’s underlying assets to achieve income objectives.

5. Convenience: Offer a hassle-free way for investors to access regular income distributions without managing individual investments actively.

Challenges Of Investing In Monthly Income Mutual Fund

Investing in Monthly Income Mutual Funds presents specific challenges:

1. Interest Rate Risk: Fluctuations in interest rates can impact the fund’s performance, especially for funds heavily invested in fixed-income securities.

2. Income Variability: The amount of income the fund distributes may vary over time, depending on market conditions and the performance of underlying assets.

3. Market Volatility: Changes in market conditions, economic factors, or geopolitical events can lead to volatility in the fund’s NAV and income distributions.

4. Manager Risk: Poor fund management decisions or changes in fund managers can impact the fund’s performance and income distributions.

5. Expense Ratio: High expense ratios can reduce the net income available for distribution to investors, affecting overall returns.

Navigating these challenges requires careful consideration of investment objectives, risk tolerance, and due diligence in selecting suitable Monthly Income Mutual Funds. 

Introduction to Best Monthly Income Mutual Funds India

Best Monthly Income Mutual Funds India – AUM, NAV

Quant Infrastructure Fund

The Quant Infrastructure Fund is a sectoral infrastructure mutual fund scheme offered by Quant Mutual Fund. This fund has a track record of 11 years and 4 months, having been launched on January 1st, 2013.

The Quant Infrastructure Fund carries an exit load of 0.5% and an expense ratio of 0.73%. It’s worth noting that this fund is classified as having a very high risk level. However, it has demonstrated robust performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 37.65%. Moreover, the fund manages a significant amount of assets, with its Assets Under Management (AUM) totaling ₹ 2,498.19 crore.

The shareholding pattern includes various asset classes: cash & equivalents at 4.12%, REITs & InvIT at 0.39%, treasury bills at 5.39%, futures & options at 7.62%, and equity at 90.72%.

ICICI Pru PSU Equity Fund

The ICICI Prudential PSU Equity Fund is a thematic PSU mutual fund scheme offered by ICICI Prudential Mutual Fund. This fund has a track record of 1 year and 8 months, having been launched on August 23rd, 2022.

The ICICI Pru PSU Equity Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.72%. It’s noteworthy that this fund is classified as having a very high risk level. Despite this, the fund manages a substantial amount of assets, with its Assets Under Management (AUM) totaling ₹ 2,396.74 crore.

The shareholding pattern comprises treasury bills at 1.14%, cash & equivalents at 12.42%, and equity at 86.44%.

Quant Multi Asset Fund

The Quant Multi Asset Fund is a multi-asset allocation mutual fund scheme offered by Quant Mutual Fund. This fund has a history of 11 years and 4 months, having been launched on January 1st, 2013.

The Quant Multi Asset Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.76%. Notably, this fund is categorized as having a very high risk level. Nonetheless, it has shown robust performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 30.08%. Additionally, the fund manages a significant amount of assets, with its Assets Under Management (AUM) totaling ₹ 1,829.08 crore.

The shareholding pattern includes additional categories representing 6.88%, along with cash & equivalents at 4.76%, REITs & InvIT at 4.94%, futures & options at 7.47%, mutual funds at 10.10%, and equity at 65.84%.

Monthly Income Mutual Funds India – 5Y CAGR

Invesco India PSU Equity Fund

The Invesco India PSU Equity Fund is a thematic PSU mutual fund scheme offered by Invesco Mutual Fund. This fund has a track record of 11 years and 4 months, having been launched on January 1st, 2013.

The Invesco India PSU Equity Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.93%. Notably, this fund is classified as having a very high risk level. Nevertheless, it has demonstrated strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 29.55%. Additionally, the fund manages a significant amount of assets, with its Assets Under Management (AUM) totaling ₹ 842.37 crore. The shareholding pattern consists of cash & equivalents at 3.05% and equity at 96.95%.

Bandhan Infrastructure Fund

The Bandhan Infrastructure Fund is a sectoral infrastructure mutual fund scheme offered by Bandhan Mutual Fund. This fund has a history of 11 years and 4 months, having been launched on January 1st, 2013. 

The Bandhan Infrastructure Fund imposes an exit load of 0.5% and maintains an expense ratio of 0.94%. It’s worth noting that this fund is classified as having a very high risk level. However, it has shown strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 26.91%. Additionally, the fund manages a substantial amount of assets, with its Assets Under Management (AUM) totaling ₹ 1,043.20 crore. The shareholding pattern includes rights at 0.24%, along with cash & equivalents at 6.97%, and equity at 92.79%.

HDFC Gold Fund

The HDFC Gold is a gold/precious metals mutual fund scheme offered by HDFC Mutual Fund. This fund has a track record of 11 years and 4 months, having been launched on January 1st, 2013.

The HDFC Gold Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.18%. It’s noteworthy that this fund is classified as having a high-risk level. Despite this, it has demonstrated strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 16.78%. Additionally, the fund manages a significant amount of assets, with its Assets Under Management (AUM) totaling ₹ 1,682.18 crore. The shareholding pattern includes 100% of mutual funds.

Best Monthly Income Mutual Funds India – Exit Load

Nippon India Gold Savings Fund

The Nippon India Gold Savings Fund is a gold/precious metals mutual fund scheme offered by Nippon India Mutual Fund. This fund has a history of 11 years and 4 months, having been launched on January 1st, 2013. 

The Nippon India Gold Savings Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.13%. It’s important to highlight that this fund is classified as having a high-risk level. Nonetheless, it has demonstrated strong performance over the past 5 years, achieving a Compound Annual Growth Rate (CAGR) of 16.55%. Additionally, the fund manages a substantial amount of assets, with its Assets Under Management (AUM) totaling ₹ 1,709.27 crore. The shareholding pattern includes 100% of mutual funds.

Kotak Gold Fund

The Kotak Gold Fund is a gold/precious metals mutual fund scheme offered by Kotak Mahindra Mutual Fund. This fund has a track record of 11 years and 4 months, having been launched on January 1st, 2013.

The Kotak Gold Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.15%. This fund is classified as having a high-risk level. However, it has demonstrated solid performance over the past five years, achieving a Compound Annual Growth Rate (CAGR) of 16.61%. Additionally, the fund manages a substantial amount of assets, with its Assets Under Management (AUM) totaling ₹ 1,576.15 crore.   The shareholding pattern includes 100% of mutual funds.

Quant Momentum Fund

The Quant Momentum Fund is a thematic mutual fund scheme offered by Quant Mutual Fund. This fund has a history of 6 months, having been launched on October 30th, 2023.

The Quant Momentum Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.77%. It’s important to highlight that this fund is classified as having a very high risk level. Additionally, the fund manages a substantial amount of assets, with its Assets Under Management (AUM) totaling ₹ 1,356.67 crore.

The shareholding pattern comprises cash & equivalents at 0.05%, treasury bills at 6.49%, futures & options at 14.66%, and equity at 78.80%.

List Of Monthly Income Mutual Fund – Absolute 1-Year Return

Quant Value Fund

The Quant Value Fund is a value-oriented mutual fund scheme offered by Quant Mutual Fund. This fund has a track record of 2 years and 5 months, having been launched on November 10th, 2021.

The Quant Value Fund imposes an exit load of 1.0% and maintains an expense ratio of 0.63%. It’s worth noting that this fund is categorized as having a very high risk level. Additionally, the fund manages a substantial amount of assets, with its Assets Under Management (AUM) totaling ₹ 1,282.89 crore.

The shareholding pattern includes cash & equivalents at -1.74%, warrants at 0.53%, treasury bills at 3.88%, futures & options at 9.43%, and equity at 87.89%.

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Monthly Income Mutual Funds – FAQ

1. Which are the Best Monthly Income Mutual Funds in India?

Best Monthly Income Mutual Funds India #1: Quant Infrastructure Fund
Best Monthly Income Mutual Funds India #2: ICICI Pru PSU Equity Fund
Best Monthly Income Mutual Funds India #3: Quant Multi Asset Fund
Best Monthly Income Mutual Funds India #4: Nippon India Gold Savings Fund
Best Monthly Income Mutual Funds India #5: HDFC Gold Fund

These funds are listed based on the Highest AUM.

2. What are the Top Monthly Income Mutual Funds?

The Top Monthly Income Mutual Funds based on 5-year CAGR are Quant Infrastructure Fund, Quant Multi Asset Fund, Invesco India PSU Equity Fund, Bandhan Infrastructure Fund, and SBI Gold.

3. Can I Invest In Monthly Income Mutual Funds?

Yes, you can invest in Monthly Income Mutual Funds. Many mutual fund companies offer Monthly Income Funds that aim to provide investors with regular income distributions while also aiming for capital appreciation. Investors can invest in these funds through mutual fund providers or brokerage platforms.

4. Is It Good To Invest In Monthly Income Mutual Funds?

Investing in Monthly Income Mutual Funds can benefit investors seeking regular income distributions while aiming for capital preservation and potential growth. However, it’s essential to consider factors like fund performance, expenses, and risk tolerance before investing. Thorough research and consultation with a financial advisor can help make informed investment decisions.

5. How To Invest In Monthly Income Mutual Funds?

To invest in Monthly Income Mutual Funds, Research and select a suitable fund based on income needs and risk tolerance. Open an account with a mutual fund provider or brokerage platform. Complete the required documentation and fund your account with the desired investment amount. Choose the fund’s income distribution option and monitor it regularly.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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