Birla Sun Life MIP II-Savings 5 Plan | PressReleasePoint





by birlasunlifemf

Outshines traditional options like FDs and Post Office MIS by far

Mumbai, 19th August 2009: Birla Sun Life MIP II-Savings 5 plan, an open-ended income scheme, has been a strong performer in the Monthly Income Plan category. Since its launch, the scheme has provided more tax efficient monthly income than conventional options such as bank fixed deposits and post office monthly income scheme. The scheme has delivered on the dual objectives of providing investors tax efficient regular income as also providing capital appreciation. The fund generated a CAGR return of 12.5% over a 3 year period against the benchmark Crisil MIP Blended Index returns of 8.4%, as on 31st July. Infact the fund has never skipped a monthly dividend since its inception.

If an investor had invested Rs 1 lakh in the scheme on the day of its launch on May 22, 2004, he/she would have earned an average dividend of Rs 540 per month while the sum Rs1 lakh would have grown to Rs 1.12 lakh by 31st July 2009. Investment into this fund provides varied benefits like decent returns, lesser tax outgo and lower penalty for premature withdrawal as compared to conventional investment options, all of which result into higher income in investor’s hands.

This fund addresses the needs of investors seeking regular income based on a portfolio consisting of both debt and equity. The debt portfolio of the fund invests in highly rated bonds issued by the Government of India, PSUs and other reputed Indian companies, which are considered safe. The equity portion is limited to 0 to 10% and is invested in conservative stocks and hence the portfolio is relatively stable.

Mr. A. Balasubramanian, CEO and CIO, BSLMF said, “The concept of Monthly Income Plan (MIP) originates from the requirement of providing higher returns to investors looking for regular income in the form of dividends. The MIP relies on small dosages of equities in a predominantly debt portfolio to provide the return kicker”.

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