Monthly Investment Plan (MIP)


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.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Monthly Income Plan (MIP) monthly sales report