Monthly Income Plan Returns

pnbalaji · #1 21st January 2010, 11:19 PM

Hi,

I would like to invest some money in the monthly income plan mfs. However I would like to know the following answers. Can some one help?

1. Is there a tenure (lock-in) period for all MIPs?
2. Is there a site which gives the actual return amounts in Rs for the MIPs? Many sites gives the return amounts in % over a period of time, but I don't want that. I need to know the history of monthly payments and the exact amounts in Rs that was given to the investors. Can some one help?

Thanks,
Balaji.

Capricorn · #2 22nd January 2010, 09:27 AM

I think u should find most of the information u need here

http://www.mutualfundsindia.com/div_home.asp

milind · #3 22nd January 2010, 11:29 AM

Sorry, cann't help you with your specific question.

I don't see MIPs as really monthly income earners unlike fixed deposits. Even pure debt funds don't generate constant unchanging income like FDs do. Its just that compared to pure debt funds, MIPs are one step towards equity funds - with some 10-15% money in equities and rest in debt. As a result, their return tends to be somewhat higher than debt funds

Reliance, HDFC, Birla Sunlife have decent MIP funds according to Value Research. Typically, there is exit load involved if you redeem within a year. No lock in otherwise like tax funds.

-- Milind

Quote:

Originally Posted by pnbalaji

Hi,

I would like to invest some money in the monthly income plan mfs. However I would like to know the following answers. Can some one help?

1. Is there a tenure (lock-in) period for all MIPs?
2. Is there a site which gives the actual return amounts in Rs for the MIPs? Many sites gives the return amounts in % over a period of time, but I don't want that. I need to know the history of monthly payments and the exact amounts in Rs that was given to the investors. Can some one help?

Thanks,
Balaji.

pnbalaji · #4 22nd January 2010, 08:09 PM

Quote:

Originally Posted by Capricorn

I think u should find most of the information u need here

http://www.mutualfundsindia.com/div_home.asp

Thanks, this link really helped. It looks like ICICI Prudential MIP has given monthly income for 100 consecutive months (link : http://economictimes.indiatimes.com/...ow/4304887.cms ). I am planning to invest 1 lakh in ICICI prudential MIP scheme as a start.

Thanks,
Balaji.

pnbalaji · #5 26th January 2010, 08:05 PM

Any one know of a site where I can purchase MIP mutual funds online? I am in US and I don't want to go thru the pain of filling forms, posting to India etc.

I have an account with standard chartered wealth managers (UTI securities), but they don't offer "Reliance MIP" and "Principal MIP" which I am planning to purchase.

I don't want to open a new account with another securities company like ICICIdirect or something like that.

Thanks,
Balaji.

mfadhd · #6 26th January 2010, 10:24 PM

Dear Pnbalaji
u add my email i will solve ur querries related to MF's silentwavesofocean at yahoo com hope to hear soon regards

pnbalaji · #7 27th January 2010, 09:29 PM

Hi,

I have an auditor in India who is taking care of my investments like insurance, mutual funds etc. I can always go thru him. I don't want to go thru him since I want to transact everything online this time.

Sorry, I am not interested in including a middleman for the current investment. If that is the case, I can always go thru my auditor because he is a very reliable and loyal friend to me.

Thanks,
Balaji.

alstonfered · #8 28th January 2010, 08:55 AM

What is the best way in Mutual Fund?
Is it directly?
Advantage:low cost no entry load
As a lay investor, please suggest how to invest directly?

mfadhd · #9 29th January 2010, 11:45 PM

Dear Mr. PNbalaji

Go through your thread u posted (Any one know of a site where I can purchase MIP mutual funds online? I am in US and I don't want to go thru the pain of filling forms, posting to India etc.)

I was not the person posting nor i asked for the abv matter in ur thread nor we discussed abt a middle man.

I was just helpin u as u wanted a online website where u can buy and sell talkin abt mutual funds

rest i never asked u to leave ur auditor nor i think u ever spoke abt him in the thread

no issues

regards with ur investment in MF's

hangman · #10 31st January 2010, 05:57 PM

even my sbi trading account doesnt allow me to buy any MIP mutual funds online, but i can buy the rest of the mf's online. anyone knows any way to buy MIP mf's online?