Background: Launched in July 1999, the Alliance Monthly Income Plan is the first MIP to be launched without guarantying an assured return.
While the fund does not charge an entry load, there is an exit load of 0.6 per cent if investments upto Rs 50,000 are redeemed before one year.
Performance: In the staid world of MIPs, Alliance MIP stands out for its relentless pursuit of performance. Inevitably, this comes bundled with higher risks.
