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Monthly Income Plan (MIP)
As a part of the mutual fund scheme, the asset allocation in MIPs (Monthly Income Plan) varies. MIP i.e. Monthly Income Plan is basically a type of mutual fund scheme that aims to invest in both debt and equity securities. It ensures a steady flow of income on the monthly, quarterly, half-yearly or yearly basis in the form of dividend income.
MIPs are more popular among those who are risk-averse and look for secure income options like pensioners or retired persons or senior citizens who do not have any substantial source of income.
“To obtain financial freedom, one must be either a business owner, or an investor, or both, generating passive income, particularly on monthly basis.”
At Target to Wealth, we guide our clients to invest in the right set of MIPs in order to meet their monthly financial requirements.
We believe in educating the clients to understand that MIP returns might be volatile due to the equity component however it is still a safer bet due to the balance between equity and debt. Further MIPs of mutual funds have been offering higher returns post-tax adjustment and are definitely worth investing in.
We will guide you to invest in the right MIPs that assure a stable monthly income to cover up for your monthly budget. MIPs are the perfect platform that will help you keep your feet firmly to the safer grounds in case you are intolerant to risk. Having invested in the right Monthly Income Plans will slowly and gradually give you exposure to the equity benefits over a period of time.
Our advice to those who are looking forward to having a steady monthly income is the relevant MIPs that have to be the most rewarding and safest options of all.
We wish you happy investing, of course, holding hand-in-hand together with us!!
© 2018 TargettoWealth
Disclaimer :- Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance.