Mutual funds launch many irrelevant products. MIP is one of them, as we have pointed out repeatedly
Jason Monteiro
For regular readers of Moneylife, this would not come as a surprise. Monthly income plans (MIPs) of mutual funds, which invest primarily in debt securities and a part of their portfolios in equity (to take advantage of the upside potential of the market), have failed, once again, to perform even as broad market indices soared by 20% during the one-year period ending 31 May 2014.