@Rakcyt You should not put all the eggs in one basket. My advise:-
1- 1/3 rd money for FD.
2. 1/3 rd in mutual funds/ equity
3. 1/3rd 💰 🤑 money for foreign trips / holidays etc.
4. For tax liability on dividend, I suggest not to indulge in tax evasion. Pay proper tax. If you are short of funds because of above utilisation, you may take loan from any bank, like Vijay Mallya did.
Enjoy the great dividend earnings.