Dividend stocks help in generating passive income. (Source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Building a retirement corpus is crucial for ensuring a steady income in your golden years. It is important to remain consistent in investments and build a portfolio that balances growth and income. Diversification of portfolio across assets like fixed deposits (FDs), mutual funds and equity shares could be helpful in minimising risks while ensuring long-term growth.

High dividend-yield stocks could be a suitable addition to your portfolio as they offer an opportunity to create steady income. Dividend stocks also help in generating passive income during your service years.

A dividend is the portion of a company’s profit distributed to its shareholders from e

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