SBI Mutual Fund launches dividend yield fund, NFO open till March 6

SBI Mutual Fund has launched a dividend yield fund, which will invest in equities of dividend yielding companies. The open-ended scheme will aim to generate returns through both — capital appreciation and dividend distribution.

The scheme will target aggregate dividend yield that is at least 50 per cent higher than the Nifty 50 index, the fund house said. "(the scheme will invest) in businesses across market capitalization, be style agnostic with no sector bias, with attractive dividend yields plus potential growth in dividends," SBI MF said in a press release.

"High dividend yield companies are generally thought of only from