Advice Required on Monthly Income Plan

[Pankaj Singh]

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]

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%.