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Is Post Office Monthly Scheme better or Mutual Funds MIP? : Post Office Monthly Income Scheme
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Is Post Office Monthly Scheme better or Mutual Funds MIP?

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Is Post Office Monthly Scheme better or Mutual Funds MIP?

Postby Amisha » Tue Aug 10, 2010 1:18 pm

Which one is better:

Post office Monthly Income Scheme

or

Mutual Funds Monthly Income Plans?

Please explain reasons also..

Thanks.
Amisha
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Is Post Office Monthly Scheme better or Mutual Funds MIP?

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Re: Is Post Office Monthly Scheme better or Mutual Funds MIP

Postby ershalabhagrawal » Tue Aug 10, 2010 1:57 pm

Both have its prons & Cons

Post office Monthly Scheme have fixed income less risk.

Mutual Fund have high risk as comapred to Post Office Monthly Scheme & not a fixed Income.
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Re: Is Post Office Monthly Scheme better or Mutual Funds MIP

Postby tourist246 » Tue Aug 10, 2010 1:59 pm

I don't know much about the post office monthly income scheme. However, I can help you with Mutual Funds Monthly Income Plans.

A typical mutual fund monthly income plan invests approx 70-80% in debt instruments like bonds, company deposits, commerical paper, etc. and remaining 20-30% is invested in equity.

The average rate of return for a mutual fund mip is approx 11-12% p.a. for the last 15 years. However, the return is not guaranteed.

You have an option to receive monthly tax free dividend or let the amount accumulate and compound.

Monthly income plans from mutual funds are taxed as Debt funds. That means, you have to pay 10% tax on returns without indexation or 20% tax with indexation.
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