Monthly Deposit Scheme
Typically designed for conservative risk-averse investors and pensioners, the Monthly Income Plan is an investment option that parks money mainly in lower-risk securities.
It acts as a steady source of income for those individuals who want to create an alternate source of monthly income. The income generated through Monthly Income Plans is mostly in the form of interest and dividend.
However, monthly income scheme does not offer a fixed revenue, instead, like other market dependent investment options, returns is governed by the profit generated