Home >> Axis Mutual Funds and Investments >> MIP/Debt Oriented Mutual Funds and Schemes
An MIP is nothing, but a debt oriented mutual fund which gives you income, in the form of dividends – simple as that. As MIPs are debt oriented mutual funds, they invest heavily in debt instruments like debentures , corporate bonds, government securities etc. It generally has 75-80% of its money in debt and rest in equity and cash . The income you can get from MIP is not limited to the monthly option. You can also choose to receive income quarterly, half-yearly or annually. Just like any other mutual fund, the MIP too, comes with two options.