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Tuesday, December 15, 2015

Benefits of Monthly Income Plans of Mutual Funds

 

Have you ever heard about monthly income plans of mutual funds? It is an investment option where you get great benefits. Why to invest in Monthly Income Plans of Mutual Funds? Here are powerful reasons to choose MIP for investment.

Benefits of Monthly Income Plans of Mutual Funds:

Monthly Income PlansIn Monthly Investment Plan, the investor gets a precise monthly amount that provides you a regular form of income. Monthly Income Plans are offered by Mutual Fund houses and it is the best source of income for retired people.

Well, you must be wondering that why should we invest in MIP? Here are the benefits of Monthly Income Plans of Mutual Plans.

1. Suitability: Monthly Income Plans are appropriate for conservative investors who want to earn better returns.
2. Dividend Option: The income you receive is in the form of dividends and it can be picked for on a monthly, quarterly, half-yearly or on annual basis. It comes in hand after the company pays dividend distribution tax to the government on these dividends.

 

3. Growth Option: In MIP Mutual Funds, investor's capital grows within the mutual fund for redeeming in whole after a definite time period. One can compound in growth option so the dividends efficiently turn into capital for auxiliary dividends.

4. Higher Returns: They offer you higher returns over a longer tenure.

5. Low-Risk: It comprises low-risk based asset allocation.

6. No Entry and Exit Load: There is no entry load and 1% exit load, or any penalty on withdrawal, as compared to the 2% in post office schemes.

These are the advantages of MIP of Mutual Funds. The Monthly Income Plan is suitable not only for the ones who want a monthly income, but also for investors who prefer less risk and desire to invest their money for long duration of time.

What are you waiting for? If you already have a plan to invest your money somewhere then why don't you choose Monthly Income Plans of Mutual Funds? After reading the benefits of Monthly Income Plans of Mutual Funds, go get the information about it and get a scheme!

We will soon cover the best Monthly Income Plans for Mutual Funds soon, keep visiting us for more updates.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

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