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Thread: Best mutual funds to invest in if want monthly income?

  1. #1
    NewBie
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    Question Best mutual funds to invest in if want monthly income?

    Please suggest the best mutual funds to invest in if I want monthly income? The invested amount will be 30 lakhs over different schemes and funds?




  2. #2
    PW Stalwart >take's Avatar
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    Monthly Income Plans of mutual funds do not give a fixed rate of interest but a dividend.
    Unlike a fixed deposit, the returns are not guaranteed. Neither the frequency of the dividends nor the rate of dividend.

  3. #3
    Moderator Rahul's Avatar
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    Top 3 MIP as per moneycontrol.com -
    1. HDFC MIP - LTP (G)
    2. Reliance MIP (G)
    3. UTI MIS - Advantage Plan (G)
    |Jargon Buster|Before you post, please read the FAQ and the sticky posts on the board you wish to use.|Blog|

  4. #4
    PolicyWala Fan
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    Quote Originally Posted by anish09 View Post
    Please suggest the best mutual funds to invest in if I want monthly income? The invested amount will be 30 lakhs over different schemes and funds?
    I would suggest you to go for equity MFs schemes, there you will get more returns.


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