Invest in Birla Sun Life MIP for monthly income

Monthly income plans or MIPs are gaining popularity with investors who are increasingly seeking to boost their monthly income. 

MIPs are essentially hybrid plans, which invest primarily in debt securities. The objective of such funds is to generate a fixed monthly income. Investors seeking regular income should look no further than monthly income plans. Small percentage of the funds can be invested in equities to boost returns in the long run depending upon the scheme objectives.

Birla Sun Life Monthly Income Plan is one of the top performing MIPs. The fund has delivered almost 19 per cent in the previous 1 year. Due to diminishing interest rate environment the fund has been able to deliver such a good performance. Lower interest rate environment augurs well for both equity as well as debt securities. This particular fund has invested bulk of its assets in government securities and has small exposure to equities. In the long run the fund has been able to generate over 9 per cent annualised returns since inception.

This fund is a must in a smart mutual fund portfolio.