Hi,
I am planning to invest some liquid money (about Rs2 lakhs and then Rs 50k per month) in Debt oriented funds like:
1. Reliance MIP (G)
2. Canara Robeco Income
My question is
1. Whether lumpsum investment in debt funds is a problem? Is SIP a better way to go?
2. For Reliance MIP (and MIP in general), if I choose the Growth option, does that mean, that I won't get monthly income and it would just be invested again in the scheme (like in Equity Growth schemes)?
thanks
Nikhil
I am planning to invest some liquid money (about Rs2 lakhs and then Rs 50k per month) in Debt oriented funds like:
1. Reliance MIP (G)
2. Canara Robeco Income
My question is
1. Whether lumpsum investment in debt funds is a problem? Is SIP a better way to go?
2. For Reliance MIP (and MIP in general), if I choose the Growth option, does that mean, that I won't get monthly income and it would just be invested again in the scheme (like in Equity Growth schemes)?
thanks
Nikhil
If you choose growth option of MIP's you won't receive any dividend. the money would grow like any other growth scheme.