Sunday
Top 10 India Monthly Income Plan (MIP) Mutual Funds – May 2010
Here are the best performing mutual funds in the Monthly Income Plans (MIP) category.
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. Between the two of them, their assets have swelled by Rs. 1400 crores.
From last month’s rankings, the top 4 funds hold the same rankings. Nine of the top 10 funds stay in the top 10 and juggle a fw spots. HSBC MIP - Regular Plan moved out of the top 10 and replaced by Birla Sun Life MIP.
| Rank | Fund Name (Monthly Income Plan - MIP) | Assets (Rs. Cr.) | NAV (29/5/2010) | 1 year Return (%) |
| 1 | Reliance MIP | 4,438.12 | 20.45 | 15.9 |
| 2 | HDFC MIP - LTP | 5,924.50 | 21.43 | 16.4 |
| 3 | HSBC MIP - Savings Plan | 392.95 | 18.42 | 12.3 |
| 4 | UTI MIS - Advantage Plan | 661.67 | 19.11 | 10 |
| 5 | Birla SL MIP II-Savings 5 | 1,819.05 | 16.64 | 6.3 |
| 6 | Birla SL Monthly Income | 453.41 | 34.43 | 10 |
| 7 | Principal MIP - MIP Plus | 160.59 | 18.01 | 9 |
| 8 | LIC MF Floater MIP-Plan A | 115.49 | 17.31 | 9 |
| 9 | L&T MIP - Regular | 33.94 | 18.87 | 8.1 |
| 10 | Birla Sun Life MIP | 260.55 | 25.03 | 9.2 |
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: MIP
by Admin at 16:49 |
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