Topic: Which is better Reliance Monthly Income Plan - Growth or Tata Monthly Income Fund - Growth

If I have to choose between the two for investment purposes, which one to go for? What are the difference in their investment portfolio?

Tanushree,

Reliance Monthly Income Plan and Tata Monthly Income Plan serve the same investment objectives and are suitable for different risk profiles. Mentioned below are the details:

- Tata Monthly Income Scheme is a debt oriented hybrid fund with approx 0-10% exposure in equities. The scheme primarily invests in debt instruments, while taking exposure to equity up to 10 per cent and money market instruments. The investment objective in Tata MIP is regular income

- Reliance Monthly Income Scheme is a debt oriented hybrid fund with approx 15-20% exposure in equities. The scheme primarily aims to generate regular income in order to make regular dividend payments to unit holders while the secondary objective is growth of capital.

Since your idea is to invest your arrear with an objective of earning regular income, monthly income plan is a suitable option for you as it gives you protection against risk by investing more than 75% of its assets in debt securities.

You can consider investing in Birla SunLife Monthly Income Plan or Reliance Monthly Income Plan. These funds have delivered returns in the range of 10-15% in last 1 year

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