Hi Shree,
I have been investing through SIPs after getting insights from you blog and really getting benefits. Thanks!
Now my aunt who is 79 yes old has invested Rs.20 lac in MIP recently. Reliance Regular Saving Balance Fund-Dividend as a better alternative of Bank FD.
Now she sought my views but I have never experienced MIPs so clue less. please suggest your view. She will remain invested till her health permits.
Thanks in advance.
1 Answers
Hi,
Thank you for reading my blog posts & glad to know that you are benefiting from it !
Kindly note that Reliance RSF Balanced fund is not an MIP, but it is an equity oriented balanced fund.
Equity balanced funds have higher risk than MIP schemes.
May I know, if your aunt is highly dependent on the income (dividend) generated on this investment? What is her investment objective(s)? Does she has any other sources of income?
Related articles :
https://www.relakhs.com/lump-sum-investment-options-retirees/
https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
https://www.relakhs.com/best-balanced-mutual-fund-schemes-review/
https://www.relakhs.com/dividends-direct-plans-vs-regular-mf/
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Hi,
She is a pensioner and has already enough funds .but she needs monthly income to pay salaries of her staff e.g. driver, cook etc. Though she has surplus funds in saving account also but being a old one she wants to maintain enough liquidity. Children ate well settled but too far .
Her banker suggested her to go for MF looking at the reduced fd rates..
while surfing the site it shows Reliance RSF as monthly dividend option.
please suggest as she wants to do through her bank only and there she gets only three options Birla Sun life,SBI and Reliance.
For reliance she has already given her doc. Please suggest best MIP out of it.