Friday
Top 10 Monthly Income Plan (MIP) Funds – March 2010
Here is the first edition of FRPP rankings in the Monthly Income Plans (MIP) category (See my previous post on FRPP
MIPs are essentially debt instruments, with fishing expeditions in equities. Around 80-85% is invested in debt and the remaining in equities. In a rising market, these expeditions can boost returns. However, the fund needs to manage these expeditions well to contain the downside.
Unlike Fixed Deposits, MIPs are very liquid, and are better instruments to manage taxes for those in the higher tax brackets. So, what are the better MIPs out there?
A total of 31 MIP mutual funds were used in the analysis. Reliance MIP and HDFC MIP-Long Term Plan have been very consistent and score much better than all the other MIPs. It’s worth noting that Birla has 3 funds in the top 10.
| FRPP Rank | Fund Name (Monthly Income Plan - MIP) | Assets (Rs. Cr.) | NAV (17/3/2010) | 1 year Return (%) |
| 1 | Reliance MIP | 3,390.16 | 20.13 | 28.9 |
| 2 | HDFC MIP - LTP | 4,601.47 | 20.98 | 35.2 |
| 3 | HSBC MIP - Savings Plan | 327.11 | 18.38 | 23.4 |
| 4 | UTI MIS - Advantage Plan | 274.58 | 19.01 | 23.5 |
| 5 | Principal MIP - MIP Plus | 131.48 | 17.93 | 24.2 |
| 6 | Birla SL Monthly Income | 381.5 | 34.02 | 20.9 |
| 7 | Birla SL MIP II-Savings 5 | 1,751.85 | 16.47 | 11.3 |
| 8 | LIC MF Floater MIP | 96.41 | 17.08 | 17.5 |
| 9 | Birla SL MIP II-Wealth 25 | 241.48 | 16.78 | 27.3 |
| 10 | Principal MIP | 162.22 | 20.49 | 18.2 |
Do you have any of these funds in your portfolio? If you are conservative investor, you ought to consider these super funds.
Happy Investing!
Labels: FRPP, Fund Relative Strength, MIP, Monthly Income Plans, Mutual Funds
by Admin at 18:27 |
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