Monthly Income investment plan

Monthly Income investment plan

A monthly income investment plan is a way through which investors can receive a certain amount of money on a monthly basis. Especially in the sector of mutual funds investment these type of plan is also known as mutual fund monthly income plan or mutual funds monthly guaranteed income plan.

Unlike a normal monthly income plan offered by various insurance companies monthly income investment plan offered by mutual funds companies are more profitable and normally this (MIP) s are hybrid - debt mutual funds where  they use hybrid instrument to invest money of the investors  mostly they invest money into the   market stocks where the main goal of this plan is to provide a monthly income the investor.

whereas when it comes to monthly income insurance policies things are little different they also provide insurance cover to protect the insured party and in very rare cases, maturity benefit payment when the time period of the policy get ends.

List of Best Monthly Income Investment Plan:

• Sundaram Debt Oriented Hybrid Fund

This is an aggressive monthly income investment plan which will give you an average return of 2.24% in 1 year, 7.34% of return in 3 years and 9.79 % of return in 5 years.

• SBI Magnum MIP-Floater

This is a conservative monthly income investment plan which got started on December 21, 2005, this plan will give you an average return of 12.67 % in 1 year, 12.80 % of return in 3 years and 11.41 % of return in 5 years.

• UTI MIS Adv

This is an aggressive monthly income investment plan which got started on December 14, 2003, this plan will give you an average return of 10 % in 1 year, 13.65 % of return in 3 years and 11.56 % of return in 5 years.

• Franklin Mip

This is a conservative MIP which got started on March 24, 2001, this plan will give you an average return of 10.48 % in 1 year, 13.57 % of return in 3 years and 11.60 % of return in 5 years.

• HDFC MIP- Long Term Plan

This is an aggressive monthly income investment plan which got started on December 26, 2003, this plan will give you an average return of 12.48 % in 1 year, 15.09 % of return in 3 years and 11.76 % of return in 5 years.

• Birla Sun Life MIP II Wealth 25

This is an aggressive monthly income investment plan which got started on December 26, 2003, this plan will give you an average return of 16.24 % in 1 year, 17.24 % of return in 3 years and 13.95 % of return in 5 years.

• ICICI Pru MIP-Regular Plan

This is a conservative monthly income investment plan which got started on November 10, 2000, this plan will give you an average return of 9.68 % in 1 year, 12.22 % of return in 3 years and 10.67 % of return in 5 years.

• SBI Magnum MIP-Floater

This is a conservative monthly income investment plan which got started on December 21, 2005, this plan will give you an average return of 10.88 % in 1 year, 12.80 % of return in 3 years and 11.41 % of return in 5 years.

Learn more about the best monthly income investment plan here