MIP funds for SIP for 4 years

Q & A Forum › Category: Mutual Funds › MIP funds for SIP for 4 years

manojkhadilkar asked 8 years ago

Dear Sir, You have suggested Monthly income funds , Short term debt funds & Equity savings fund for SIP for 4 years duration.My query is Monthly income funds are better when interest rates are high & about to start dropping.Today interest rates are already at bottom.Is is advisable to go for monthly income funds for SIP of 4 years?

1 Answers

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Sreekanth Staff answered 8 years ago

Hi, Under current circumstances, if one can afford to take some risk, MIPs or short term debt funds are better than other available fixed income options (like bank FDs/RDs/Company FDs etc). But we need to tone down our expectations a bit..