Localfund.com - All about Fund and Investment
*Home>>>Income Fund

Which is the best mutual fund in MIP?


For regular monthly income

Please check HDFC Monthly Income Plan - Long Term Plan (G) Fund. One year return is 21.0%.
age of fund - 28 months. Inception Date - December 26, 2003. Present Fund asset size - 823.21 crore. Key holdings - KEC Infrastructure, Infosys and Satyam Computers.

If you want monthly income you will have to invest in a bond or money market fund. It will preserve your capital and pay you interest. The problem is over time you will have purchasing power erosion. That means the price of something today (say a loaf of bread) will be more expensive 5 years from now. To find the best highest paying fund go to www.morningstar.com

Tags
  Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund   HYIP   High Yield   Hedge Fund
Related information
  • What is best asset allocation for $300K to be used to supplement future income of 53 y/o low income woman?

    I would suggest looking at companies that pay dividends, particularly those that pay higher than the stock market's average. Dividend paying stocks provide a form of current income and usuall...

  • What percent of income should i save?

    You Should be maxing out your 401k and IRA contributions then make sure you are debt free except for your mortgage before you consider any other types of investments. The 401k an IRA, will allow ab...

  • If I am a college student and have a limited dispendable income,?

    Make a budget for yourself and stick to it. Start with fixed expenses - housing, fixed loans (like a car loan), and tuition. After that, set aside amounts that can vary, like utilities, credit ca...

  • Which of the following is intended primarily to enhance a person's tax advantage and retirement income?

    The answer is D. But to add a little bit of understanding: A traditional IRA (Individual Retirement Account) allows you to contribute pre-tax dollars, grow the investment, and defer payment of...

  • What do you think about swisscash? is it money game or mutual fund?

    My impression is that they are a scam. They are not registered in Switzerland. See the links below: Sources: ...

  • HELP...I am trying to find a low cost tax free Muni Fund for AZ?

    Hmm not that many AZ Muni Funds out there ... Nuveen has some FAZTX ...

  • I'm a single mom at age 23. My income is less than 30K. Which way should I go?

    Your number one priority is getting life insurance. God forbids if something happens to you, how would your family survive without your income? I suggest getting a 30 year term insurance. Your s...

  • What is the procedure to invest in Reliance Natural Resource Fund, can anyone suggest how to do it please?

    Go to reliance mutual fund website and download the application form. ...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster