Want to Earn Regular Income? Bet on These Top-performing Income Funds

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When it comes to investments for the future, the mind casts back to instruments such as fixed deposits, life insurance, mutual funds and others. Of these instruments, which strikes investors the most is mutual fund because of its ability to mobilize the assets, churn out returns and ensure safety of the capital. So, if you want to enjoy these benefits, get started with mutual funds that are unprecedented  in nature and scope. Mutual funds are broadly categorized into equity, debt and hybrid funds. If you want regular income, it is better to bet on income funds, a part of debt mutual funds that invest in government securities, corporate bonds, certificates of deposits as well as money market securities. There are some income funds that have posted a return of over 10% in a 3-year period. Want to check out those funds? Look below to find the same.

Birla Sun Life Treasury Optimizer Fund

Earn better post-tax returns by investing in Birla Sun Life Treasury Optimizer Fund that accumulates your savings to fulfill the purpose. The fund, with an asset under management (AUM) of Rs 6,757 crore, ensures the entire corpus be invested in a portfolio of debt and money market securities with comparatively low interest rate risk levels. Look below to check out the returns posted by the fund in different time periods.

Returns

3-month return- 4.18%

1-year return- 12.07%

3-year return- 11.57%

Features & Criteria

ParticularsDetails
Scheme NameBirla Sun Life Treasury Optimizer Fund
Scheme Launch Date19-Apr-02
Scheme ObjectiveProvide Higher Post-tax returns
Asset AllocationUpto 100% in treasury bills, Govt Securities , Corporate Debt, PSU Bonds & Money Market Instruments, and upto 50% in state government bonds
Investor Risk ProfileLow
Investment Plan/OptionsRetail Plan-Daily Dividend Reinvestment Fortnightly Dividend (Payout & Reinvestment) Growth Institutional Plan-Daily Dividend Reinvestment Fortnightly Dividend (Payout & Reinvestment) Weekly Dividend (Payout, Reinvestment) Growth
Minimum Subscription AmountRs 5,000 and in multiples of Re 1 afterward
Minimum Additional InvestmentRs 1,000 and in multiples of Re 1 afterward
BenchmarkCRISIL Short-Term Bond Fund Index
Entry LoadNIL
Exit LoadNIL
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ICICI Prudential Banking & PSU Debt Fund

This is an open-ended fund that seeks to offer a regular flow of income by investing in different debt and money market securities that are mainly issued by banks and public sector undertakings (PSUs). Ideally suited for conservative investors, the fund looks at preserving the wealth of investors while offering reasonable returns at the same time. The fund boasts of an AUM of Rs 5,859.79 crore with impressive returns to the investors over the years.

Returns

3-month return- 3.87%

1-year return- 11.87%

3-year return- 10.64%

Features & Criteria

ParticularsDetails
Scheme NameICICI Prudential Banking & PSU Debt Fund
Scheme Launch Date1st Jan, 2010
Scheme ObjectiveProvide Regular Income
Asset AllocationAllocate Assets Between Banks and PSUs
Investor Risk ProfileLow
Investment Plan/OptionsGrowth & Dividend Option
Minimum Subscription AmountRs 5,000 and in multiples of Re 1 afterward
Minimum Additional InvestmentRs 1,000 and in multiples of Re 1 afterward
BenchmarkCRISIL Short-Term Bond Fund Index
Entry LoadNIL
Exit LoadNIL

HDFC Medium Term Opportunities Fund

As an open-ended income scheme, the fund churns out regular income by investing in debt, money market and government securities that have a maturity period of not more than 5 years. It offers both growth and dividend options to appeal your investment psyche. You can subscribe to the fund either  through distributors or by choosing a direct plan. With an AUM of Rs 5,922.31 crore and good returns over the years, this fund is worth investing into. Check out the returns of the fund below.

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Returns

3-month return-3.41%

1-year return-10.28%

3-year return-10.48%

Features & Criteria

ParticularsDetails
Scheme NameHDFC Medium Term Opportunities Fund
Scheme Launch DateJune 29, 2010
Scheme ObjectiveGenerate Regular Income
Asset AllocationAllocate  Assets Between debt, money market and government securities
Investor Risk ProfileLow
Investment Plan/OptionsGrowth & Dividend Option under Regular & Direct plan
Minimum Subscription AmountRs 5,000 and in multiples of Re 1 afterward
Minimum Additional InvestmentRs 1,000 and in multiples of Re 1 afterward
BenchmarkCRISIL Composite Bond
Entry LoadNIL
Exit LoadNIL

Kotak Medium Term Fund

Let your money generate income and appreciate by choosing the option of Kotak Medium Term Fund that invests in a portfolio of debt and money market instruments to serve the purpose. The open-ended debt fund, which has an AUM of Rs 1,507.39 crore, has provided returns to the investors that are showcased below.

Returns

3-month return-3.96%

1-year return-12.41%

3-year return-N.A.

Features & Criteria

ParticularsDetails
Scheme NameKotak Medium Term Fund
Scheme Launch DateMarch 21, 2014
Scheme ObjectiveGenerate Regular Income
Asset AllocationAllocate  Assets Between debt and money market securities
Investor Risk ProfileLow
Investment Plan/OptionsGrowth & Dividend Option under Regular & Direct plan
Minimum Subscription AmountRs 5,000 and in multiples of Re 1 afterward
Minimum Additional InvestmentRs 1,000 and in multiples of Re 1 afterward
BenchmarkCRISIL Composite Bond
Entry LoadNIL
Exit Load2% if redeemed within 18 months

So, these were the information that you can look upon to choose from the income funds stated above. Importantly, you should look at your risk profile and investment objective before choosing from these funds.

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