What is the best investment option to get a regular monthly income?
- Murali Krishnamurthy
Mutual fund MIPs are a good option for anyone who is looking to enhance their earnings. These MIPs protect the worth of your capital and deliver periodic income as well. However, they cannot be your primary source of income in retirement because a part of your capital could get eaten away during market downturns. Hence, if you're looking for a guaranteed income, mutual funds are not the right vehicle. But MIPs can be used to boost your income.