Hybrid funds invest in a combination of equity and debt that needs to be rebalanced at regular intervals. These funds provide both income and capital appreciation with an objective to diversify risk.
Monthly Income Plan (MIP)
MIP schemes invest a major portion of the corpus in debt and money market instruments with a moderate exposure to equity. These schemes are suitable for investors who prefer to play safe and have a small exposure to the equity market. Investors should invest in such schemes with a long-term perspective and not from a view of an investment instrument that yields monthly income.