With the markets evolving so fast, everyone is talking about making things right and even turn them around to make sure that they benefit out of it. The monthly investment plans are the topics right now in the financial markets and there is a lot of discussion going on around them. This article is going to shed some light on monthly income plans and will talk about the top 3 best monthly income plans in the market for the year 2018.
Monthly investment plans are debt oriented hybrid mutual funds which are associated with investing 70 to 80 percent of the total corpus. The investments are made in debt instruments such as debentures, securities and even governments, etc. The remaining part of the investments are done in equity. The main purpose of these monthly income plans is to make sure that they are providing a steady income at very regular intervals. There are two types of options for the monthly investment plans namely the dividend and growth. When someone takes up the dividend options, the fund house offers regular kind of dividends out of the distributed surplus. Let’s take a look at the top 3 monthly income plans.
1) Birla Sun Life MIP:
The Birla Sun life MIP is a hybrid debt fund with an aggressive approach. The best month income plan should be one like the Birla Sun life MIP. The Birla Sun life Monthly Investment Plan has a wealth 25 plan which is known to have generated a revenue that provided a stead return of almost 0.6 percent in just one year. The Birla Sun life monthly investment plan is one of the few funds which have been able to provide a return rate of 13.25 percent over the past five years. This is a phenomenal success rate for the best monthly income plan and it certainly proves that the Birla Sun life Monthly Investment Plan is one of the best.
With the help of the Birla Sun life Monthly Investment Plan people can start to invest their money in the fund with even a small amount of money such as Rs.1000 and then they would use Rs. 1000 as an investment thought systematic investment plan. There are a total of 6 postdated cheques which can be allowed for investing during the process for the systematic investment plan. The Birla Sun life Monthly Investment Plan is one of the best monthly income plans and has allowed its scheme to allot 70 to 80 percent in debt along with several kinds of money market instruments. Then there is another strategy which calls for investment of about 20 to 30 percent in the equity and other equity related instruments.
2) Franklin India Monthly Income Plan:
The Franklin India Monthly Income Plan comes in at second on the list of best monthly income plans. The Franklin India Monthly Income Plan is not as aggressive as the Birla Sun Life Monthly Investment Plan, because it is a little on the conservative side. However, the fund has done significantly well for its standings. The Franklin India Monthly Income Plan is functioning as a hybrid debt oriented conservative fund. The fund has a reputation for high return on investments and that’s the reason why you should definitely look at it when you are talking about the best monthly income plans.
The Franklin India Monthly Income Plan has provided a return on investment of about 9.86 percent for the last five years. This is quite amazing considering the markets today. The Franklin India Monthly Income Plan has a minimum investment amount of Rs.10,000 and it also has the provision of investing with the help of short term investment plans, in which case you would have to invest Rs. 500 per month. People can start to invest in the fund with a sum of Rs.1000 and after that invest Rs.500. The Franklin India Monthly Income Plan has a wide range of companies on its portfolio and is certainly a great candidate to consider for the best monthly income plans. Stocks such as HDFC Bank, Axis Bank, State Bank of India, Bharti Airtel etc are all on the radar for the Franklin India Monthly Income Plan. The Franklin India Monthly Income Plan has a portfolio which covers a lot of the major stocks. The Franklin India Monthly Income Plan is currently managing assets which are worth over 412 crores.
3) ICICI Prudential Regular Income Fund:
The ICICI Prudential Regular Income Fund maybe the last on the list but it surely is not the least. This is a hybrid fund which follows a conservative plan and is quite debt oriented. The ICICI Prudential Regular Income Fund is one of those funds which has invested a lot in debt oriented securities. There is also a lot of exposure to the shares of big blue chip stocks such as the Reliance Digital Industries, Tata Steel, Axis Bank and also Larsen and Tourbo. The ICICI Prudential Regular Income Fund has been very well known for quite a while now and most of its reputation stems from the fact that it has a stellar rate of return on investment, which is why most people invest in funds after all. The ICICI Prudential Regular Income Fund has a return on investment percentage of 8.56 percent, which is very competitive. This return on investment has been generated by the ICICI Prudential Regular Income Fund in the past five years.
Thinking about the future and making investments are always a wise decision to make. However, it is also very important to remember that financial investments can be risky and that they should not be taken lightly at all. Due to the fact that there are a lot of people investing, one must sure and analyze their thoughts well before they start to invest in a particular fund. It is always important to be very sure of what you are doing, especially when you are dealing with financial markets. Otherwise even the best monthly income plan will not help.