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Should I invest in ICICI Prudential MIP 25 Fund

My age is 37 years and I'm a self employed person. I have accumulated Rs. 1 lakh from my income. should I invest it in ICICI Prudential MIP 25? How much monthly income can I expect? Is there any option of not taking the monthly income & keeping it for wealth creation? can I get any tax benefit investing in this fund?

Mar 24, 2017 by Deep Jyoti Dutta, Digboi  |   Mutual Fund

Yes, you can invest in ICICI Prudential MIP 25 as it is a good performing MIP fund.

You can check the historical monthly dividend pay outs of this fund from here https://www.advisorkhoj.com/mutual-funds... If you do not want to receive dividends, you can invest in the growth option of this fund and remain invested for the long term for your wealth creation needs. know more about the funds from here https://www.advisorkhoj.com/mutual-funds...

You will not get any tax rebate by investing in this fund. For availing tax rebate by investing in mutual funds you should invest in ELSS Funds. Check the top performing ELSS funds here https://www.advisorkhoj.com/mutual-funds...

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