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PolicyWala NewBie
Advice Required on Monthly Income Plan
Please advice me about Monthly Income Plan who is giving good return.
I am unable to find out how much per month they have given to investor.
Can I go for SIP in MIP?
Thanks in Advance
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PolicyWala Newbie
Yes! you can do SIP in MIP. I personally think that Reliance MIP (Dividend) is looking good.. But Please do your research and than proceed.
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PolicyWala Fan
Monthly Income Plans (MIPs) are a kind of balanced funds. Due to our tax laws the normal balanced funds will compulsorily invest 65% in equity and the balance in debt where as MIPs will invest a very small portion of their assets in equity ranging between 10% to 30%.
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