Dividend yield funds saw high returns, with top schemes like ICICI and HDFC performing exceptionally. Investors seeking stability favored these funds. However, caution is advised due to taxation impact on dividends and potential future performance uncertainties.
These funds are benchmarked against NIFTY 500 - TRI, and Nifty Dividend Opportunities 50 - TRI. These benchmarks gave 21.88% and 26.61% respectively. The benchmarks offered an average return of around 22.52% in a three year horizon.