Monthly Income Plans or MIPs are debt oriented hybrid mutual funds. It primarily invests in debt and money market. A very small share of the corpus is invested in equity market. MIPs offer descent return with moderate to high risk.
Individuals who are sceptical about equity exposure yet wants to earn good return can definitely opt for Monthly Income Plans. Depending on the surplus availability, you will receive the monthly income in the form of dividends. Monthly Income Plans offers high liquidity with no entry load.
To earn good return, you need to invest in best monthly income plans of mutual fund. So, here are the top 5 monthly income plans in 2019-
Adiyta Birla Sun Life Regular Savings Fund
Launch Date- May22, 2004
Benchmark-CRISIL Hybrid 85+15 Conservative
Fund Manager– Mr. Vineet Maloo, Mr. Satyabrata Mohanty, Mr. Pranay Sinha
AUM- Rs. 2316 crores (as on Feb 28, 2018)
Riskometer– Moderately High
Return Since Inception– 9.56%
Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | 1.15 | 2.10 | 1.66 | 1.43 | 9.77 | 11.30 | 11.47 |
| VR MIP TRI | 2.12 | 1.85 | 2.74 | 8.37 | 9.75 | 9.38 | 9.25 |
| Category | 1.61 | 2.03 | 2.19 | 4.31 | 8.59 | 9.58 | 9.93 |
| Rank within Category | 34 | 14 | 34 | 34 | 7 | 4 | 5 |
| Number of funds in category | 38 | 38 | 38 | 37 | 37 | 31 | 22 |
| As on Mar 13, 2019 |
Franklin India Debt Hybrid Fund
Launch Date- September28, 2000
Benchmark-CRISIL Hybrid 85+15 Conservative
Fund Manager– Mr. Umesh Sharma, Mr. Krishna Prasad Natarajan, Mr. Sachin Shankar Padwal, Mr. Lakshimikanth Reddy
AUM- Rs. 341 crores (as on Feb 28, 2018)
Riskometer– Moderate
Return Since Inception– 9.65%
Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | 1.25 | 1.32 | 1.97 | 4.35 | 7.47 | 9.40 | 9.66 |
| VR MIP TRI | 2.12 | 1.85 | 2.74 | 8.37 | 9.75 | 9.38 | 9.25 |
| Category | 1.61 | 2.03 | 2.19 | 4.31 | 8.59 | 9.58 | 9.93 |
| Rank within Category | 32 | 28 | 30 | 21 | 27 | 16 | 12 |
| Number of funds in category | 38 | 38 | 38 | 37 | 37 | 31 | 22 |
| As on Mar 13, 2019 |
ICICI Prudential Ultra Short Term Fund
Launch Date- May03, 2011
Benchmark-NIFTY Ultra Short Term
Fund Manager– Mr. Ritesh Lunawat, Mr. Manish Banthia
AUM- Rs. 4041 crores (as on Feb 28, 2018)
Riskometer– Moderate
Return Since Inception– 8.34%
Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | 1.60 | 0.53 | 2.07 | 7.67 | 8.16 | 9.71 | – |
| CCIL T Bill Liquidity Weight | 1.00 | 0.31 | 1.19 | 4.32 | 4.30 | 4.77 | – |
| Category | 1.53 | 0.55 | 1.58 | 6.16 | 6.90 | 7.57 | – |
| Rank within Category | 9 | 17 | 6 | – | – | – | – |
| Number of funds in category | 24 | 25 | 24 | – | – | – | – |
| As on Mar 13, 2019 |
HDFC Hybrid Debt Fund
Launch Date- December26, 2003
Benchmark-NIFTY 50
Fund Manager– Mr. Shobhit Mehrotra
AUM- Rs. 3182.68 crores (as on Feb 28, 2018)
Riskometer– Moderately High
Return Since Inception– 10.40%
Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | 1.18 | 2.61 | 2.52 | 4.97 | 9.33 | 10.14 | 11.41 |
| VR MIP TRI | 2.12 | 1.85 | 2.74 | 8.37 | 9.75 | 9.38 | 9.25 |
| Category | 1.61 | 2.03 | 2.19 | 4.31 | 8.59 | 9.58 | 9.93 |
| Rank within Category | 33 | 9 | 9 | 16 | 10 | 11 | 6 |
| Number of funds in category | 38 | 38 | 38 | 37 | 37 | 31 | 22 |
| As on Mar 13, 2019 |
UTI Regular Savings Fund
Launch Date- December16, 2003
Benchmark-CRISIL Short Term Debt Hybrid 75+25 Fund Index
Fund Manager– Mr. Ajay Tyagi, Mr. Amandeep Chopra
AUM- Rs. 2502.62 crores (as on Feb 28, 2018)
Riskometer– Moderately High
Return Since Inception– 9.71%
Performance
| YTD | 1-Month | 3-Month | 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | 1.65 | 1.68 | 2.29 | 5.76 | 8.96 |
