7 Best Monthly Income Plans (MIPs) To Consider For 2017

Aggressive MIP funds invest 16%-30% in equity securities and the remaining in debt securities.

Posted By:
Subscribe to GoodReturns

Monthly Income Plans (MIPs) are best for individuals who are looking for steady income. Monthly Income Plans from mutual funds are nothing but debt funds as they invest most of the corpus in debt instruments.

Aggressive MIP funds invest 16%-30% in equity securities and the remaining in debt securities. This can be a bit risky for retirees and ultra-conservative investors as the investment portion is higher in aggressive MIPs.

Individuals can opt for Dividend or Growth depending on the choice of funds. Taxation for MIPs will be same as debt funds where the investment is locked in for three years, they get indexation benefits.

Individuals can consider MIPs in falling interest rate regime. The only concern being that since these funds cannot guarantee you fixed returns like bank deposits.

Here are 7 Best Monthly Income Plans, that can give steady income in 2017:

Birla Sun Life MIP II - Wealth 25 Plan

The Fund has generated a return of almost 16.06 per cent in the last one year. Birla Sun Life MIP II - Wealth 25 Plan is amongst the few funds that has given returns of almost 16.78 per cent in the last 3 year. 

The Fund was launched in 2004 and has given a return of 10.73 per cent since its launch. Individuals can start to invest in the fund with a sum of Rs 1000 and then a small sum of Rs 1000.

Investors can give 6 post dated cheques for investing in the systematic investment plan. This Monthly Income plan is ranked number one by Crisil and five star rating by Value Research Online.

The scheme has allotted 70%-80% in debt and money markets instruments and 20%-30% in equity & equity related instruments.

Kotak Monthly Income Plan

Kotak Monthly Income Plan has given a return of almost 13.89 per cent in the last on year. Bulk of the money of the fund is invested in debt oriented securities. The fund's exposure to shares like ICICI Bank and ITC has ensured that it has performed well in the last few years.

The investment objective of the scheme is to enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments.

The fund is ranked number one by Crisil and has a three-star rating by Value Research Online. The minimum investment amount is Rs 5,000. There is 1 per cent exit load for redemption within 365 days.

Franklin India Monthly Income Plan - Plan A

Franklin India Monthly Income Plan fund is ranked number two by Crisil and has a three-star rating by Value Research Online. The fund has given an average return of 13.98per cent for the last 3 years. The minimum investment amount is Rs 10,000.

There is 1 per cent exit load for redemption within 365 days. The Fund was launched in 2010 and has given a return of 10.47 per cent since its launch. Individuals can start to invest in the fund with a sum of Rs 1000 and then a small sum of Rs 500. The portfolio of the fund consist of stocks like HDFC Bank, Yes Bank, Infosys and Kotak Mahindra Bank.

 

HDFC Monthly Income Plan - LTP

HDFC Monthly Income Plan is ranked two by Crisil. The fund has given an average return of 15.43 per cent for the last 3 years. The Fund was launched in 2003 and has given a return of 11.53 per cent since its launch. Individuals can start to invest in the fund with a sum of Rs 5000 and then a small sum of Rs 500.

There is 1 per cent exit load for redemption within 365 days. The portfolio of the fund consist of stocks like ICIC Bank, SBI, Infosys and L&T.

ICICI Prudential MIP 25

ICICI Prudential MIP 25 is ranked number two by Crisil and has a three-star rating by Value Research Online. The Fund was launched in 2004 and has given a return of 10.43 per cent since its launch. Individuals can start to invest in the fund with a sum of Rs 5,000.

The last three-year returns of the fund has been close to 14.16 per cent. The portfolio of the fund consist of stocks like Motherson Sumi, Natco Pharma, Bajaj Finserv and HDFC Bank.

UTI MIS Advantage Plan

UTI MIS Advantage Plan is ranked number three by Crisil and star-three rating by Value Research Online. The MIP has given a return of 10.20 per cent since its launch. Individuals can start to invest in the fund with a sum of Rs 5,000.

The last three-year returns of the fund has been close to 13.67 per cent. The portfolio of the fund consist of stocks like HDFC Bank, Indusind Bank, Yes Bank and Infosys. The fund is bench marked against the Crisil MIP Blended and falls under the category Debt-Oriented Conservative.

Reliance Monthly Income Plan

Reliance Monthly Income Plan is ranked number three by Crisil and star-three rating by Value Research Online. The fund is bench marked against the Crisil MIP Blended and falls under the category Debt-Oriented Conservative.

The MIP has given a return of 10.88 per cent since its launch. Individuals can start to invest in the fund with a sum of Rs 5,000. The last three year returns of the fund has been close to 13.698 per cent.  The portfolio of the fund consist of stocks like HDFC Bank, and Infosys.

Goodreturns.in

Story first published: Friday, November 25, 2016, 9:47 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?