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Thread: Advice Required on Monthly Income Plan

  1. #1
    PolicyWala NewBie
    Join Date
    Feb 2009
    Posts
    4

    Default 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



  2. #2
    PolicyWala Newbie
    Join Date
    Mar 2009
    Posts
    15

    Default

    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.

  3. #3
    PolicyWala Fan rohit's Avatar
    Join Date
    Feb 2009
    Location
    Bhopal
    Posts
    86

    Default

    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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