Hi all
has anyone invested in any monthly income plan? any good or bad experiences from it? is it good to invest there instead of FDs as of now? also I would like to difference between HDFC short term MIP and HDFC long term MIP both look same to me from their descriptions :-s
Is this "monthly income" deposited to your bank account? how much is it normally on an average for 1 lakh of investment in this plan? also is its income tax free or taxed, i read tax is not deducted at source that is while it is credited to ur account. what r tax implications?
Also Growth vs Dividend which is better generally from capital appreciation plus income perspective.
has anyone invested in any monthly income plan? any good or bad experiences from it? is it good to invest there instead of FDs as of now? also I would like to difference between HDFC short term MIP and HDFC long term MIP both look same to me from their descriptions :-s
Is this "monthly income" deposited to your bank account? how much is it normally on an average for 1 lakh of investment in this plan? also is its income tax free or taxed, i read tax is not deducted at source that is while it is credited to ur account. what r tax implications?
Also Growth vs Dividend which is better generally from capital appreciation plus income perspective.