Monthlu income plan from Mutual funds?

I wish to invest in MONTHLY INCOME PLANS OF MUTUAL FUNDS. In this reg i am having certain clarifications
1) what is the minimum amount to invest?
2)is the monthly income is assured? or any condition is there?
3)is it better than monthly income scheme of post office?

pl give your views in this regard

ram_gan

1) The minimum investment in mf-mis is varied from amc to amc.If u want to invest in growth option the amount is arround Rs 10000/-.But if u want to invest in monthly dividend option the minimum amount is arround Rs25000/-.
2) No the monthly dividend is not assured.It may fluctuate,may not pay every month.
3)Very good question.This is as per your risk return appetite u should compare it which 1 is best for u.If u are a tax payer then mutual fund-mis is the best option for u.if u invest in growth option only long term capital gain tax is applicable to u.But if u invest in mly/qly/yly dividend option dividend is tax free in the hands of u but amc have to pay tax to government.So growth option is the best for absolute return.U may opt for systematic withdrawal plan.In the case of pomis it is assured @8% to u.but interest is fully taxable.

no plans for a person who spells 'monthlu'.

Investment Information
Fund Type Open-Ended
Investment Plan Growth
Asset Size (Rs cr) 19.37 (Oct-31-2004)
Min. Investment Rs 1,000,000
Last Dividend N.A.
Bonus N.A.
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Performance of Chola Monthly Income Plan - Institutional Plan
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# Moneycontrol Rank within 32 Monthly Income Plan Schemes

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