MIP - Q & A Forum

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Raman asked 9 years ago

Want to park a LS of 3 lakhs for 2 years and need return quarterly. Which one would u suggest?

3 Answers

Sreekanth Staff answered 9 years ago

Hi, You may pick a conservative MIP fund and opt for Quarterly SWP option. Ex : Birla MIP 5 plan Kindly read: https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/

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Raman answered 9 years ago

I have invested in Birla SL MIP 25( G) earlier. Can I add this 3 lakhs in that and make SWP or should I make only in conservative MIP only as suggested by u?

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Sreekanth Staff answered 9 years ago

Hi, If you have an existing MIP plan, you may go ahead with SWP on the same plan.