Monthly Income Plan The main objective of the fund is to provide a regular monthly income, which can also become a support in old age. It is easy to invest in it. Investors can easily buy and sell units of MIP.
Pension Plan : After retirement, regular income can be availed through monthly income plan. This can prove to be a better investment option for senior citizens. Monthly Income Plan is an open-ended mutual fund, which primarily invests its assets in fixed assets. Through this, investments have also been made in equity linked instruments like shares and stocks.
The main objective of this plan is to provide a regular monthly income, which can also become a support in old age. It is easy to invest in it. Investors can easily buy and sell units of MIP. It provides lump sum and monthly investment facility, which investors can choose as per their convenience. Here we are going to tell you about some such MIPs, whose past returns were good-
Baroda Pioneer Conservative Hybrid Fund
There is moderate risk in this. You can invest a minimum of Rs 5000 in this. The minimum investment amount under SIP is Rs 500. Its return so far has been 6.5%. If a person invests Rs 5000 for 5 years with a potential return of around 8% then he will get a profit of around Rs 67 thousand.
Aditya Birla Sun Life Regular Savings Fund
Hybrid debt fund of Aditya Birla Sun Life can also give you similar returns. Its return in the year 2022 is 5.3%. You can invest at least Rs 1000 in this. SIP investment is Rs 500. By investing Rs 5000 in this fund for a tenure of 5 years with a potential return of 9%, you can get a profit of around Rs 76 thousand.
ICICI Prudential MIP 25
This monthly income plan fund had a return of 5.1% in the year 2022. This can become a good investment option for senior citizens. The fund has given 22.5% return in the year 2014. If a person invests Rs 5000 monthly for 5 years with the expectation of 10% return. So he can make a profit of around Rs 85 thousand.
