Monthly Income Fund
A Monthly Income Fund (MIF) is a type of mutual fund that primarily invests in debt and fixed-income securities, aiming to provide regular income through monthly payouts. While not guaranteed, MIFs typically focus on generating steady returns with a balance between risk and reward. These funds are ideal for conservative investors seeking stable income, such as retirees or individuals looking for predictable cash flows. MIFs offer the potential for higher returns than traditional savings accounts or fixed deposits, making them an attractive option for those seeking a regular income stream with a moderate risk profile.
