How Is Mip

[kpp]

Advice needed on MIP

I am planning to invest in HDFC long term monthly dividend MIP

Please advice on this and also let me how much it can generate every month considering current market position (please explain in figures).

Thanks a lot for reading.

 

[sarathc]

Re: Advice needed on MIP

It is tough to predict the kind of returns a given fund can generate in the days to come. However one can make a wise estimate depending on the past performance.

For the fund in question, you might want to read the report: http://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=1930

If your investment horizon is more than an year, in Debt/Debt Oriented Funds, to get the maximum return (net of taxes) it is better to opt for Growth option than the Dividend option.

 

[ajesh]

Hi fellows

i am thinking of investing 1.5 lk in mutual fund

Does any of u having any idea of MIP scheme can u plzzz suggest me some good
mutual funds under mip scheme to invest in

is thr any provision of some transfer within the same mutual fund family so tht the income i receive frm MIP becomes a SIP for some other fund


Regards

AJ.....!!!!1

 

[sarathc]

Check ratings from Value Research Online for MIPs:

http://www.valueresearchonline.com/funds/typecomp.asp?type=1&objective=19

The five, four star rated funds are highly recommended.

From your description it appears that you want the Fund House to automatically transfer the capital appreciation on your MIP investment to some other fund run by the same AMC at stipulated intervals - this is called Capital Appreciation STP. Both Sundaram and HDFC AMCs offer this facility.