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Does a Monthly Income Plan (MIP) assure monthly returns?

April 26, 2017income MIP Plan returns

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Does a Monthly Income Plan (MIP) assure monthly returns?

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MIP is a variant of income scheme that provides investors an option to get monthly returns in the form of dividends. UTI is the only fund house giving out assured returns on MIP (distributed as post-dated cheques). Private sector mutual funds are not allowed to give assured returns on MIPs. Usually, the returns from such schemes are between 10.5 11.