MIPs (Monthly Income Plans) differ from other fixed investment options in terms of the following terms:
Their focus on generating regular monthly income
Their asset allocation includes both debt and equity instruments
Moderate risk profile, flexibility in investment amount and frequency
Potential for capital appreciation
Varying tax treatment
Professional management by fund managers.Â
These factors distinguish MIPs from other fixed investment options and make them a unique choice for investors seeking a steady income stream with growth potential.