Dividend schemes are not recommended given the recent tax law changes. So there is no \u2018best dividend scheme\u2019 out there.<\/p>\n\n\n\n
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<\/a> 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.<\/p>\n\n\n\n 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.<\/p>\n\n\n\n\n Maxiom Wealth \u2014 Free Tool<\/p>\n Capital gains tax on equity, HRA exemptions, 80C deductions \u2014 it all adds up. Use our tax calculators to plan smarter before the financial year ends.<\/p>\n Capital Gains Tax Calculator \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":" Dividend schemes are not recommended given the recent tax law changes. So there is no \u2018best dividend scheme\u2019 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… Read More »What are some of the best monthly dividend mutual funds right now?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[179,38],"tags":[],"class_list":["post-1422","post","type-post","status-publish","format-standard","hentry","category-fund-selection","category-mutual-funds"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1422"}],"version-history":[{"count":1,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1422\/revisions"}],"predecessor-version":[{"id":3515,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1422\/revisions\/3515"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How Much Tax Will You Save \u2014 or Pay \u2014 This Year?<\/h3>\n