Q: What are its benefits?-monthly-income-plan

a. It delivers more returns compared to post office schemes and fixed deposits in terms of returns. b. There is no investment limit for MIPs. c. You do not have to pay any entry load (like processing charges) . d. MIP has an exit load, which cannot be more than 1% of the invested amount. e. There is no lock-in tenure for this scheme. f. It offers comparatively higher liquidity. g. The fund manager monitors and takes decisions on when to switch to equities or debts and how much . h. It is generally recommended to invest when the interest rates are more.