Monthly Income Mutual Funds India

Typically monthly income plan is a combination of debt and equity assets in which more 65 of the assets are invested in fixed income yielding instruments.

Monthly income mutual funds india. Mutual fund mip schemes are treated as debt oriented schemes non equity funds. Individuals looking for monthly income plans must consider looking at various options. I am expecting income of rs 18 000 per month. Is it possible to get such income with 20 lakh rupees.

The value proposition of the mutual fund aggressive mips is that the interest from debt investment is supplemented by an. The monthly income plan is an open ended mutual fund that predominantly invests its assets in fixed income instruments. Top performing mutual fund monthly income plans mips have beaten post office monthly income scheme mis in terms of annualized returns over the last 5 years by investing a small part of the corpus in equities which can give higher returns than fixed income investments. So the long term capital gains ltcg taxes are applicable on the units which are held for 3 years or more.

These are good for investors who want to take a relatively higher risk and expect higher returns. 6 best monthly income plan mip 2020 updated on november 15 2020 58245 views. Here are 5 that we have selected for. The aum assets under management of franklin india monthly income plan plan a is rs 412 crore.

It has a solid record of the best distribution of monthly income. It is a hybrid fund. It is an open ended debt scheme which invests in debt and money market instruments such that the macaulay duration of the fund is between. This has to be one of the top mutual funds in the country with assets under management of rs 37 395 crores.

And no matter how high your savings and expenditure it s still taxed at 10. As long as the period of investment is greater than one year returns from equity funds are taxed at 10. Medium to long duration fund. Can you suggest some strategy to achieve it.

These include mips of mutual funds as well as solid nbfc companies. Short term capital gains stcg taxes are applicable on the units which are held for less than 3 years. In order to invest in this fund investors can put in rs 5 000 followed by rs 500. Hdfc monthly income plan ltp.

Top 10 monthly income plan mip mutual funds to invest in india 1 aggressive mip mutual funds invest 15 to 30 in equity and balance in debt funds. So for a monthly income of rs 50 000 rs 1 5 crore will suffice instead of rs 3 crore as with fds. Hdfc monthly income plan ltp is a balanced debt oriented fund that is aggressive in nature.