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Samrat
15-03-2009, 01:53 PM
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

Pankaj Singh
15-03-2009, 01:54 PM
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.

rohit
15-03-2009, 01:57 PM
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%.