Expatriates working up their investments in India are often too occupied or not informed enough to get the better of Indian investment ecosystem.
With the market being so volatile and uncertain, investors are looking to add stability to their portfolios.
If you are looking for monthly income return by investing one time & expecting a return better than Fixed Deposits without taking much risk, then the solution to all your anxieties is Monthly Income Plans (MIP).
Most of us do have one or more savings bank account or a salary account in which our salary gets credited every month.
Best way is to apply directly to the Mutual Fund company as it will save your 2.25% money as If you apply thru any broker entry load of 2.25% will be cut.
I compared ELSS (Equity Linked Saving Scheme) mutual funds on the basis of their AUM (assets under management) size and past performance in 6 months, 1 year, 2 years and 3 years.
As per guidelines of Securities & Exchange Board of India (SEBI) via this circular, no entry load (usually 2.25%) shall be charged for direct applications received by the Asset Management Company (AMC) i.e.