Dividend schemes are not recommended given the recent tax law changes. So there is no ‘best dividend scheme’ out there.
Instead if you wish to have frequent income payouts, then simply invest in a good equity or hybrid fund and start withdrawing every month once you complete one year. That will ensure you do not pay short term capital gains tax of 15%. You will pay long term capital gains on the gain made at a lesser rate of 10%, but that has a one lakh exemption.
In the final analysis, whether a fund makes dividend payouts or reinvests, the corpus is the same. It is better to avoid dividend related inefficiencies that eat in your final net returns.
