Boost your Savings with a Monthly Income Plan

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.