At
times it can be difficult to keep up with the growing needs of your family.
Life is dynamic and ever evolving. Hence there is a need to balance your
finances as well as the needs of you and your family. Choosing a monthly income plan will entitle you to
an extra monthly income apart from your regular income. Think of all the
possibilities that will be feasible by securing some extra earnings. With the
proceeds from monthly
income plans you can go out with your family more often, admit your
children in coaching classes or give your home a makeover. When you get some
extra help to support your finances, you can fulfil all those needs which you
have been putting off due to a tight budget.
The
financial market offers many monthly income plans. But one of the best monthly income plans in India are
open ended investment schemes. In this scheme a portion of the principal amount
is invested in the equity and debt market for capital appreciation. Therefore
one can reap the benefits of the share market through such investments. However,
this investments carries a moderately high risk and is suitable for investors
seeking income and capital appreciation over a medium term horizon.
The
reason why it the best monthly income
plan is because of high interest rates. It provides better returns that
fixed deposits or post office saving schemes. But for all that, there is a
certain degree of risk involved, as it is a market linked investment.
Nevertheless it offers substantial amount of safety to risk averse investors as
the major focus is on debt capital. Only a small amount of the principal is invested
in the equity market. The mix of these two ensures that there is a balance of
risk. The debt portion of the investment ensures stability, safety and
consistency, while the equity instruments in the portfolio boost the returns.
