Top 7 Best MIP (Monthly Income Plan) Performance for 2025

Updated on March 20, 2026 , 6116 views

The Monthly Income Plan is an open-ended Mutual Fund that predominantly invests its assets in fixed income instruments. Typically, monthly income plan is a combination of debt and equity assets, in which more 65% of the assets are invested in fixed income yielding instruments. However, the remaining assets of the monthly income scheme are invested in equity-linked instruments, like shares and stocks, that provide market-linked returns. The basic objective of the monthly income plan is to provide regular income to people. Also, a MIP Mutual fund offers an option of monthly as well as quarterly income, that people can choose according to their convenience. If you want to invest in monthly income plan, it is advised to consider a list of best monthly income plan offered by various Mutual Fund companies.

Ready to Invest?
Talk to our investment specialist

Fund Selection Methodology used to find 7 funds

Sorted On : Last calendar-year return (2025) (high to low)
Keyword: “mip”
Tags: fcpro
No Of Funds: 7

Top 7 Monthly Income Plan (MIP) for 2025

Fund	NAV	Net Assets (Cr)	2024 (%)	2023 (%)	2022 (%)	2021 (%)	2020 (%)
ICICI Prudential MIP 25 Growth	₹76.4521 ↓ -0.47	₹3,271	7.9	11.4	11.4	5.1	9.9
DSP Regular Savings Fund Growth	₹58.9739 ↓ -0.43	₹184	7.2	11	12	3.5	7.8
Aditya Birla Sun Life Regular Savings Fund Growth	₹67.6735 ↓ -0.45	₹1,523	7.1	10.5	9.6	5.3	13.4
Baroda Pioneer Conservative Hybrid Fund Growth	₹30.2092 ↑ 0.02	₹33
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Mar 26

Research Highlights & Commentary of 4 Funds showcased

Commentary	ICICI Prudential MIP 25	DSP Regular Savings Fund	Aditya Birla Sun Life Regular Savings Fund	Baroda Pioneer Conservative Hybrid Fund
Point 1	Highest AUM (₹3,271 Cr).	Lower mid AUM (₹184 Cr).	Upper mid AUM (₹1,523 Cr).	Bottom quartile AUM (₹33 Cr).
Point 2	Oldest track record among peers (21 yrs).	Established history (21+ yrs).	Established history (21+ yrs).	Established history (21+ yrs).
Point 3	Top rated.	Rating: 3★ (lower mid).	Rating: 5★ (upper mid).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderate.
Point 5	5Y return: 8.45% (top quartile).	5Y return: 7.66% (bottom quartile).	5Y return: 8.04% (upper mid).	5Y return: 7.83% (lower mid).
Point 6	3Y return: 9.69% (top quartile).	3Y return: 9.47% (upper mid).	3Y return: 8.94% (bottom quartile).	3Y return: 9.05% (lower mid).
Point 7	1Y return: 5.65% (upper mid).	1Y return: 3.76% (lower mid).	1Y return: 5.96% (top quartile).	1Y return: 3.31% (bottom quartile).
Point 8	1M return: -1.79% (lower mid).	1M return: -1.67% (upper mid).	1M return: -2.03% (bottom quartile).	1M return: -1.08% (top quartile).
Point 9	Alpha: 0.00 (lower mid).	Alpha: -0.12 (bottom quartile).	Alpha: 1.70 (top quartile).	Alpha: 0.25 (upper mid).
Point 10	Sharpe: 1.14 (upper mid).	Sharpe: 0.62 (bottom quartile).	Sharpe: 1.22 (top quartile).	Sharpe: 0.85 (lower mid).

ICICI Prudential MIP 25

Highest AUM (₹3,271 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.45% (top quartile).
3Y return: 9.69% (top quartile).
1Y return: 5.65% (upper mid).
1M return: -1.79% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.14 (upper mid).

DSP Regular Savings Fund

Lower mid AUM (₹184 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 7.66% (bottom quartile).
3Y return: 9.47% (upper mid).
1Y return: 3.76% (lower mid).
1M return: -1.67% (upper mid).
Alpha: -0.12 (bottom quartile).
Sharpe: 0.62 (bottom quartile).

Aditya Birla Sun Life Regular Savings Fund

Upper mid AUM (₹1,523 Cr).
Established history (21+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 8.04% (upper mid).
3Y return: 8.94% (bottom quartile).
1Y return: 5.96% (top quartile).
1M return: -2.03% (bottom quartile).
Alpha: 1.70 (top quartile).
Sharpe: 1.22 (top quartile).

Baroda Pioneer Conservative Hybrid Fund

Bottom quartile AUM (₹33 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
5Y return: 7.83% (lower mid).
3Y return: 9.05% (lower mid).
1Y return: 3.31% (bottom quartile).
1M return: -1.08% (top quartile).
Alpha: 0.25 (upper mid).
Sharpe: 0.85 (lower mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

Who We Are

AMFI Registration No.: 112358
MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

Why Trust Us

Regulated & compliant: AMFI-registered and MCA-incorporated.
Investor-first: No pay-to-promote lists; suitability and performance drive coverage.
Education-focused: We simplify complex concepts for everyday investors.

Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

Best Performing MIP Funds Based on Performance of 2025

1. ICICI Prudential MIP 25

The Scheme seeks to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there can be no assurance that the investment objectives of the Scheme will be realized.

Research Highlights for ICICI Prudential MIP 25

Highest AUM (₹3,271 Cr).
Oldest track record among peers (21 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.45% (top quartile).
3Y return: 9.69% (top quartile).
1Y return: 5.65% (upper mid).
1M return: -1.79% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.14 (upper mid).
Information ratio: 0.00 (lower mid).
Top sector: Financial Services.
Top bond sector: Corporate.
Debt-heavy allocation (~66%).
High-quality debt (AAA/AA ~93%).
Largest holding 6.68% Gs 2040 (~4.8%).

Below is the key information for ICICI Prudential MIP 25

ICICI Prudential MIP 25 Growth
Launch Date	30 Mar 04
NAV (20 Mar 26)	₹76.4521 ↓ -0.47 (-0.62 %)
Net Assets (Cr)	₹3,271 on 15 Mar 26
Category	Hybrid - Hybrid Debt
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.67
Sharpe Ratio	1.14
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,857
28 Feb 23	₹11,380
29 Feb 24	₹13,002
28 Feb 25	₹14,010
28 Feb 26	₹15,261

ICICI Prudential MIP 25 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for ICICI Prudential MIP 25

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-1.8%
3 Month	-1.5%
6 Month	-0.7%
1 Year	5.7%
3 Year	9.7%
5 Year	8.4%
10 Year
15 Year
Since launch	9.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.9%
2023	11.4%
2022	11.4%
2021	5.1%
2020	9.9%
2019	10.9%
2018	9.6%
2017	5.1%
2016	12.9%
2015	10.9%

Fund Manager information for ICICI Prudential MIP 25

Name	Since	Tenure
Manish Banthia	19 Sep 13	12.45 Yr.
Akhil Kakkar	22 Jan 24	2.1 Yr.
Roshan Chutkey	2 May 22	3.83 Yr.
Sharmila D’mello	31 Jul 22	3.58 Yr.

Data below for ICICI Prudential MIP 25 as on 15 Mar 26

Asset Allocation

Asset Class	Value
Cash	11.05%
Equity	23.11%
Debt	65.54%
Other	0.29%

Equity Sector Allocation

Sector	Value
Financial Services	6.75%
Consumer Cyclical	2.76%
Communication Services	1.97%
Health Care	1.95%
Technology	1.92%
Consumer Defensive	1.84%
Real Estate	1.46%
Industrials	1.33%
Utility	1.27%
Energy	0.98%
Basic Materials	0.88%

Debt Sector Allocation

Sector	Value
Corporate	45.49%
Government	21.47%
Cash Equivalent	9.65%

Credit Quality

Rating	Value
A	7.43%
AA	47.23%
AAA	45.34%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
6.68% Gs 2040 Sovereign Bonds \| -	5%	₹159 Cr	16,464,700
6.90% Gs 2065 Sovereign Bonds \| -	4%	₹141 Cr	15,000,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹101 Cr	10,000
Manappuram Finance Limited Debentures \| -	3%	₹100 Cr	10,000
Adani Enterprises Limited Debentures \| -	3%	₹100 Cr	10,000
L&T Metro Rail (Hyderabad) Limited Debentures \| -	2%	₹80 Cr	800
360 One Prime Limited Debentures \| -	2%	₹75 Cr	7,500
Yes Bank Limited Debentures \| -	2%	₹65 Cr	650
Goi Frb 2034 Sovereign Bonds \| -	2%	₹62 Cr	6,036,910 ↓ -166,750
6.48% Gs 2035 Sovereign Bonds \| -	2%	₹52 Cr	5,259,000

2. DSP Regular Savings Fund

(Erstwhile DSP BlackRock MIP Fund)

The scheme is seeking to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of the 100 largest corporates by market capitalisation, listed in India.

Research Highlights for DSP Regular Savings Fund

Lower mid AUM (₹184 Cr).
Established history (21+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 7.66% (bottom quartile).
3Y return: 9.47% (upper mid).
1Y return: 3.76% (lower mid).
1M return: -1.67% (upper mid).
Alpha: -0.12 (bottom quartile).
Sharpe: 0.62 (bottom quartile).
Information ratio: 0.50 (top quartile).
Top sector: Financial Services.
Higher exposure to Government (bond sector) vs peer median.
Debt-heavy allocation (~66%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.32% Gs 2030 (~11.5%).

Below is the key information for DSP Regular Savings Fund

DSP Regular Savings Fund Growth
Launch Date	11 Jun 04
NAV (20 Mar 26)	₹58.9739 ↓ -0.43 (-0.72 %)
Net Assets (Cr)	₹184 on 28 Feb 26
Category	Hybrid - Hybrid Debt
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.12
Sharpe Ratio	0.62
Information Ratio	0.5
Alpha Ratio	-0.12
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,766
28 Feb 23	₹11,081
29 Feb 24	₹12,612
28 Feb 25	₹13,672
28 Feb 26	₹14,756

DSP Regular Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 Invest Now

Returns for DSP Regular Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-1.7%
3 Month	-1.4%
6 Month	-0.2%
1 Year	3.8%
3 Year	9.5%
5 Year	7.7%
10 Year
15 Year
Since launch	8.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.2%
2023	11%
2022	12%
2021	3.5%
2020	7.8%
2019	9.3%
2018	6.9%
2017	-5.3%
2016	11%
2015	10.7%

Fund Manager information for DSP Regular Savings Fund

Name	Since	Tenure
Abhishek Singh	31 May 21	4.75 Yr.
Shantanu Godambe	1 Aug 24	1.58 Yr.

Data below for DSP Regular Savings Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	14.21%
Equity	19.19%
Debt	65.61%
Other	0.99%

Equity Sector Allocation

Sector	Value
Financial Services	10.21%
Health Care	2.43%
Consumer Cyclical	1.53%
Consumer Defensive	1.27%
Technology	0.8%
Utility	0.8%
Basic Materials	0.8%
Energy	0.65%
Industrials	0.43%
Communication Services	0.28%

Debt Sector Allocation

Sector	Value
Government	53.63%
Corporate	22.18%
Cash Equivalent	4.02%

Credit Quality

Rating	Value
AA	5.89%
AAA	94.11%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.32% Gs 2030 Sovereign Bonds \| -	12%	₹21 Cr	2,000,000
Goi Floating Rate Bond 2033 Sovereign Bonds \| -	9%	₹16 Cr	1,500,000 ↓ -500,000
7.03% Maharashtra Sgs 2038 Sovereign Bonds \| -	8%	₹15 Cr	1,500,000
7.06% Gs 2028 Sovereign Bonds \| -	6%	₹11 Cr	1,000,000
6.33% Gs 2035 Sovereign Bonds \| -	5%	₹10 Cr	1,000,000
IDFC First Bank Ltd. Debentures \| -	5%	₹9 Cr	200
Muthoot Finance Limited Debentures \| -	4%	₹7 Cr	750
7.10% Gs 2029 Sovereign Bonds \| -	3%	₹5 Cr	500,000
7.10% Gs 2034 Sovereign Bonds \| -	3%	₹5 Cr	500,000
Cholamandalam Investment And Finance Company Limited Debentures \| -	3%	₹5 Cr	500 ↑ 500

3. Aditya Birla Sun Life Regular Savings Fund

(Erstwhile Aditya Birla Sun Life MIP II - Wealth 25 Plan)

An Open-ended income scheme with the objective to generate regular income so as to make monthly payment or distribution to unit holders with the secondary objective being growth of capital. Monthly Income is not assured and is subject to availability of distributable surplus.

Research Highlights for Aditya Birla Sun Life Regular Savings Fund

Upper mid AUM (₹1,523 Cr).
Established history (21+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 8.04% (upper mid).
3Y return: 8.94% (bottom quartile).
1Y return: 5.96% (top quartile).
1M return: -2.03% (bottom quartile).
Alpha: 1.70 (top quartile).
Sharpe: 1.22 (top quartile).
Information ratio: 0.22 (upper mid).
Top sector: Financial Services.
Top bond sector: Corporate.
Debt-heavy allocation (~70%).
High-quality debt (AAA/AA ~96%).
Largest holding Cholamandalam Investment And Finance Company Limited (~3.7%).

Below is the key information for Aditya Birla Sun Life Regular Savings Fund

Aditya Birla Sun Life Regular Savings Fund Growth
Launch Date	22 May 04
NAV (20 Mar 26)	₹67.6735 ↓ -0.45 (-0.66 %)
Net Assets (Cr)	₹1,523 on 28 Feb 26
Category	Hybrid - Hybrid Debt
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.91
Sharpe Ratio	1.22
Information Ratio	0.22
Alpha Ratio	1.7
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹11,143
28 Feb 23	₹11,487
29 Feb 24	₹12,752
28 Feb 25	₹13,756
28 Feb 26	₹15,093

Aditya Birla Sun Life Regular Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for Aditya Birla Sun Life Regular Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-2%
3 Month	-1%
6 Month	0%
1 Year	6%
3 Year	8.9%
5 Year	8%
10 Year
15 Year
Since launch	9.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.1%
2023	10.5%
2022	9.6%
2021	5.3%
2020	13.4%
2019	9.2%
2018	5.8%
2017	-2.2%
2016	15.5%
2015	13.1%

Fund Manager information for Aditya Birla Sun Life Regular Savings Fund

Name	Since	Tenure
Mohit Sharma	31 Oct 24	1.33 Yr.
Harshil Suvarnkar	22 Mar 21	4.94 Yr.

Data below for Aditya Birla Sun Life Regular Savings Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	7.54%
Equity	22.21%
Debt	69.92%
Other	0.32%

Equity Sector Allocation

Sector	Value
Financial Services	8.03%
Health Care	2.66%
Consumer Cyclical	2.3%
Basic Materials	1.97%
Industrials	1.64%
Technology	1.12%
Communication Services	1.11%
Consumer Defensive	0.93%
Real Estate	0.89%
Utility	0.88%
Energy	0.69%

Debt Sector Allocation

Sector	Value
Corporate	44.72%
Government	27.05%
Cash Equivalent	5.69%

Credit Quality

Rating	Value
A	3.72%
AA	23.57%
AAA	72.71%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Cholamandalam Investment And Finance Company Limited Debentures \| -	4%	₹56 Cr	5,500
Housing And Urban Development Corporation Limited Debentures \| -	3%	₹50 Cr	5,000
Jtpm Metal TRaders Limited Debentures \| -	3%	₹45 Cr	4,316
6.68% Gs 2040 Sovereign Bonds \| -	3%	₹43 Cr	4,490,000 ↑ 4,000,000
Adani Power Ltd Debentures \| -	2%	₹35 Cr	3,500
Bajaj Housing Finance Limited Debentures \| -	2%	₹31 Cr	300
Nuvama Wealth Finance Limited Debentures \| -	2%	₹30 Cr	3,000
Bharti Telecom Limited Debentures \| -	2%	₹30 Cr	3,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	2%	₹28 Cr	206,000
Jubilant Bevco Limited Debentures \| -	2%	₹27 Cr	2,500

4. Baroda Pioneer Conservative Hybrid Fund

(Erstwhile Baroda Pioneer MIP Fund)

To generate regular income through investment in debt and money market instruments and also to generate long term capital appreciation by investing a portion in equity and equity related instruments.

Research Highlights for Baroda Pioneer Conservative Hybrid Fund

Bottom quartile AUM (₹33 Cr).
Established history (21+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
5Y return: 7.83% (lower mid).
3Y return: 9.05% (lower mid).
1Y return: 3.31% (bottom quartile).
1M return: -1.08% (top quartile).
Alpha: 0.25 (upper mid).
Sharpe: 0.85 (lower mid).
Information ratio: -0.38 (bottom quartile).

Below is the key information for Baroda Pioneer Conservative Hybrid Fund

Baroda Pioneer Conservative Hybrid Fund Growth
Launch Date	8 Sep 04
NAV (11 Mar 22)	₹30.2092 ↑ 0.02 (0.06 %)
Net Assets (Cr)	₹33 on 31 Jan 22
Category	Hybrid - Hybrid Debt
AMC	Baroda Pioneer Asset Management Co. Ltd.
Rating	☆☆
Risk	Moderate
Expense Ratio	2.08
Sharpe Ratio	0.85
Information Ratio	-0.38
Alpha Ratio	0.25
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,434

Baroda Pioneer Conservative Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 Invest Now

Returns for Baroda Pioneer Conservative Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-1.1%
3 Month	-1.7%
6 Month	-1.2%
1 Year	3.3%
3 Year	9.1%
5 Year	7.8%
10 Year
15 Year
Since launch	6.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for Baroda Pioneer Conservative Hybrid Fund

Name	Since	Tenure

Data below for Baroda Pioneer Conservative Hybrid Fund as on 31 Jan 22

Asset Allocation

Asset Class	Value

Equity Sector Allocation

Sector	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.