Best Monthly Income Funds (MIPs) India

Best Monthly Income Funds (MIPs) in India

Monthly Income Mutual Funds in India fall under the Hybrid Category. These schemes are also known as MIPs (Monthly Income Plans). Now, Hybrid Schemes means the fund manager of such schemes invest in both equity & debt according to the market conditions. And try his best to give monthly returns to its investors. As the name says, Monthly Income, It is not guaranteed that you will get GUARANTEED Monthly Income.

But the fund managers of the following MIPs have managed to give steady monthly income up to now. Following are the Best Monthly Income Funds in India -

01) Canara Robeco Cigo
02) Reliance MIP
03) DBS Chola MIP
04) Principal MIP Plus
05) Birla Sunlife MIP II Savings

06) HDFC MIPL Long term
07) HSBC MIP Savings
08) Principal MIP
09) UTI MIS – Advantage Plan
10) LICMF Floater MIP

All of the above are the Best Monthly Income Funds (MIPs) of India. All of the above MIPs have given steady regular monthly income to their investors. The Best part about MIPs is that, they are actively managed so once you invest in them, you don’t have to worry about anything. Your Fund Manager will take care of all of your investments. He will decide the Equity & Debt allocation according to the market conditions.

Mostly Retired people invest in MIPs. Because they give higher return than the Fixed Deposits as well as provide a steady flow of Income to its investors. Thus, those who want a regular income from their investments, go for MIPs….