Monthly Investment Plan (MIP)

Definition

Type of investment plan that requires an investor to deposit a specific amount of money on a monthly basis to be invested. Monthly investment plans are beneficial to individuals seeking to invest, but not wanting to invest a lump sum of money at one-time. Monthly investment plans have been around since 1954 and have grown in popularity as more investors seek to purchase securities for a fixed price and at regular intervals.
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Monthly Income Plan (MIP) monthly sales report