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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%. 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 |
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