Proceedings of World Business Research Conference 11 - 13 June 2015, Hotel Novotel Xin Qiao, Beijing, China, ISBN: 978-1-922069-78-8 The Effect of Dividend Payout Policy to Mutual Fund Performance Ming-Chang Cheng*, Chien-Chi Lee, Hui-Chuan Wang and I-Chin Chang Since the Financial Tsunami in 2008, many countries implement the Quantitative Easing Monetary Policy. The investors start to rearrange their capital from monetary market to the higher yield commodity, especially the dividend fund. This paper mainly analyzes the relationship between the performance and the payout pattern of the dividend fund in Taiwan. Besides, the study further compares the performance between the dividend fund and the accumulate fund via four performance indicators. The results show that the dividend payout frequency significantly affects the fund performance. _________________________________________________________________________________________ Ming-Chang Cheng*, Chien-Chi Lee, Hui-Chuan Wang and I-Chin Chang, National Chung Cheng University, Taiwan.*Corresponding Author Email: bmamcc@ccu.edu.tw, bmamcc@ms26.hinet.net