Many of you investors under the desire to earn a "monthly income" from investments invest in Monthly Income Plans (MIP) from various mutual fund houses, without really studying the product well, nor even assess the track record (both - performance as well as dividends) of the plan in which you intend investing. And to further mystify the issue, your agent / distributor / relationship manager advises you to invest in them, knowing the fixation that you are looking forward to a "monthly income".
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MIPs and MYths
Read More:
MIPs and MYths