1 vote
My aunt, 62, is seeking advice on her investments in mutual funds. She plans to trim her portfolio to absolutely minimise her exposure to equities. She wants to redeem her unworthy funds and invest in instruments which will give her monthly returns. Please suggest some good monthly income plans (MIPs) and other investments where she can get monthly or quarterly returns. She has an existing investment of Rs 9 lakh in Post Office MIS and Rs 5 lakh in a bank fixed deposit.