New Delhi, July 9 -- Investors considering equity funds that combine long-term capital appreciation with exposure to companies known for regular dividend payouts may consider dividend yield funds.

These funds primarily invest in stocks with a consistent record of paying dividends, typically from companies with stable earnings, healthy cash flows and established market positions.

Among the schemes in this category, ICICI Prudential Dividend Yield Equity Fund has delivered the highest returns in the past five years. It is followed by LIC MF Dividend Yield Fund and HDFC Dividend Yield Fund, making them the top three performers during this period.

ICICI Prudential Dividend Yield Equity Fund delivered the highest 5-year CAGR of 19.95%, maki...