My Comment on an article "New to equity markets? Here's why Monthly Income Plans (MIPs) are your safest bet" published in the economictimes.com Dated 14/10/2014 at 4:30 pm.
"Very informative article. It gives full review of monthly income plans available and their salient features.
But any type of investment has its own advantages and disadvantages and this one is not exceptional. It also has its disadvantages, in the sense that a huge percentage is paid as administration charges to the institutions operating on behalf of you.
So, most of us are safe with the fixed deposits and other government bond schemes rather than bearing the headaches of these MIPs."
"Very informative article. It gives full review of monthly income plans available and their salient features.
But any type of investment has its own advantages and disadvantages and this one is not exceptional. It also has its disadvantages, in the sense that a huge percentage is paid as administration charges to the institutions operating on behalf of you.
So, most of us are safe with the fixed deposits and other government bond schemes rather than bearing the headaches of these MIPs."
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