Top Monthly Income Plan Rated by FINCASH for 2026 - 2027

Updated on January 28, 2026 , 3605 views

Monthly Income Plan is a combination of equity and debt instruments. About more than 65% is being invested in interest yielding debt fund like the certificate of deposits, Debentures, corporate Bonds, government securities, etc. And the remaining portion of the Monthly Income Plan is invested in equity instruments like stocks or shares.

Monthly Income Plans are managed in a way that the fixed-income portion aims to generate a regular revenue while the equity portion gives the kicker. MIPs are an ideal option for individuals who are looking for steady income. Also, investors who are risk-averse, MIPs are a good stepping stone to Investing in equities, with a limited equity exposure. Following are the best Monthly Income Plans to invest in.

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Fund Selection Methodology used to find 10 funds

Category: Hybrid
Sub-category: Hybrid%20Debt
Tags: fcpro
No Of Funds: 10

Top Rated Monthly Income Plan

Fund	NAV	Net Assets (Cr)	Rating	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2024 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity	Information Ratio	5 YR (%)	Exit Load
Aditya Birla Sun Life Regular Savings Fund Growth	₹68.4084 ↑ 0.02	₹1,541	☆☆☆☆☆	-0.1	1.8	8.3	9.2	7.1	7.47%	4Y 4M 24D	7Y 25D	0.05	8.8	0-365 Days (1%),365 Days and above(NIL)
SBI Debt Hybrid Fund Growth	₹73.7497 ↑ 0.21	₹9,851	☆☆☆☆☆	-0.6	1.2	6.8	9.8	6.7	7.48%	3Y 5M 16D	4Y 2M 16D	0	9.4	0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential MIP 25 Growth	₹77.5863 ↑ 0.13	₹3,359	☆☆☆☆☆	0.1	1.9	7.9	10.2	7.9	7.6%	2Y 2M 16D	4Y 6M 22D	0	9.1	0-1 Years (1%),1 Years and above(NIL)
Sundaram Debt Oriented Hybrid Fund Growth	₹29.7781 ↑ 0.00	₹20	☆☆☆☆	0.3	0.5	4	7.1	4.3	6.84%	8Y 25D	15Y 7M 13D	-1.63	7.6	NIL
UTI Regular Savings Fund Growth	₹69.9236 ↑ 0.01	₹1,703	☆☆☆☆	-0.7	0.5	5.4	9.5	6.1	7.05%	5Y 5M 19D	8Y 11M 19D	0	8.9	NIL
BOI AXA Conservative Hybrid Fund Growth	₹34.3368 ↑ 0.01	₹65	☆☆☆☆	-0.9	0.2	4.4	7.2	4.2	6.7%	3Y	3Y 10M 10D	-0.82	10.2	0-1 Years (1%),1 Years and above(NIL)
Kotak Debt Hybrid Fund Growth	₹59.1002 ↑ 0.05	₹3,108	☆☆☆☆	-0.2	1.1	4.9	10	5.3	7.44%	7Y 5M 8D	19Y 11D	0.56	9.3	0-1 Years (1%),1 Years and above(NIL)
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Jan 26
Note: Ratio's shown as on 31 Dec 25

Research Highlights & Commentary of 7 Funds showcased

Commentary	Aditya Birla Sun Life Regular Savings Fund	SBI Debt Hybrid Fund	ICICI Prudential MIP 25	Sundaram Debt Oriented Hybrid Fund	UTI Regular Savings Fund	BOI AXA Conservative Hybrid Fund	Kotak Debt Hybrid Fund
Point 1	Lower mid AUM (₹1,541 Cr).	Highest AUM (₹9,851 Cr).	Upper mid AUM (₹3,359 Cr).	Bottom quartile AUM (₹20 Cr).	Lower mid AUM (₹1,703 Cr).	Bottom quartile AUM (₹65 Cr).	Upper mid AUM (₹3,108 Cr).
Point 2	Established history (21+ yrs).	Oldest track record among peers (24 yrs).	Established history (21+ yrs).	Established history (15+ yrs).	Established history (22+ yrs).	Established history (16+ yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 5★ (upper mid).	Rating: 5★ (upper mid).	Rating: 4★ (lower mid).	Rating: 4★ (lower mid).	Rating: 4★ (bottom quartile).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	5Y return: 8.83% (bottom quartile).	5Y return: 9.44% (upper mid).	5Y return: 9.07% (lower mid).	5Y return: 7.58% (bottom quartile).	5Y return: 8.94% (lower mid).	5Y return: 10.18% (top quartile).	5Y return: 9.26% (upper mid).
Point 6	3Y return: 9.17% (lower mid).	3Y return: 9.78% (upper mid).	3Y return: 10.17% (top quartile).	3Y return: 7.15% (bottom quartile).	3Y return: 9.45% (lower mid).	3Y return: 7.24% (bottom quartile).	3Y return: 9.97% (upper mid).
Point 7	1Y return: 8.28% (top quartile).	1Y return: 6.81% (upper mid).	1Y return: 7.86% (upper mid).	1Y return: 4.05% (bottom quartile).	1Y return: 5.41% (lower mid).	1Y return: 4.36% (bottom quartile).	1Y return: 4.91% (lower mid).
Point 8	1M return: 0.13% (top quartile).	1M return: -0.46% (upper mid).	1M return: -0.07% (upper mid).	1M return: -0.48% (lower mid).	1M return: -0.72% (bottom quartile).	1M return: -0.60% (lower mid).	1M return: -0.62% (bottom quartile).
Point 9	Alpha: -0.05 (lower mid).	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -3.02 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: -3.14 (bottom quartile).	Alpha: -2.43 (lower mid).
Point 10	Sharpe: 0.29 (upper mid).	Sharpe: 0.16 (upper mid).	Sharpe: 0.57 (top quartile).	Sharpe: -0.40 (bottom quartile).	Sharpe: 0.02 (lower mid).	Sharpe: -0.34 (bottom quartile).	Sharpe: -0.12 (lower mid).

Aditya Birla Sun Life Regular Savings Fund

Lower mid AUM (₹1,541 Cr).
Established history (21+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.83% (bottom quartile).
3Y return: 9.17% (lower mid).
1Y return: 8.28% (top quartile).
1M return: 0.13% (top quartile).
Alpha: -0.05 (lower mid).
Sharpe: 0.29 (upper mid).

SBI Debt Hybrid Fund

Highest AUM (₹9,851 Cr).
Oldest track record among peers (24 yrs).
Rating: 5★ (upper mid).
Risk profile: Moderate.
5Y return: 9.44% (upper mid).
3Y return: 9.78% (upper mid).
1Y return: 6.81% (upper mid).
1M return: -0.46% (upper mid).
Alpha: 0.00 (top quartile).
Sharpe: 0.16 (upper mid).

ICICI Prudential MIP 25

Upper mid AUM (₹3,359 Cr).
Established history (21+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 9.07% (lower mid).
3Y return: 10.17% (top quartile).
1Y return: 7.86% (upper mid).
1M return: -0.07% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.57 (top quartile).

Sundaram Debt Oriented Hybrid Fund

Bottom quartile AUM (₹20 Cr).
Established history (15+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 7.58% (bottom quartile).
3Y return: 7.15% (bottom quartile).
1Y return: 4.05% (bottom quartile).
1M return: -0.48% (lower mid).
Alpha: -3.02 (bottom quartile).
Sharpe: -0.40 (bottom quartile).

UTI Regular Savings Fund

Lower mid AUM (₹1,703 Cr).
Established history (22+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 8.94% (lower mid).
3Y return: 9.45% (lower mid).
1Y return: 5.41% (lower mid).
1M return: -0.72% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.02 (lower mid).

BOI AXA Conservative Hybrid Fund

Bottom quartile AUM (₹65 Cr).
Established history (16+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
5Y return: 10.18% (top quartile).
3Y return: 7.24% (bottom quartile).
1Y return: 4.36% (bottom quartile).
1M return: -0.60% (lower mid).
Alpha: -3.14 (bottom quartile).
Sharpe: -0.34 (bottom quartile).

Kotak Debt Hybrid Fund

Upper mid AUM (₹3,108 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
5Y return: 9.26% (upper mid).
3Y return: 9.97% (upper mid).
1Y return: 4.91% (lower mid).
1M return: -0.62% (bottom quartile).
Alpha: -2.43 (lower mid).
Sharpe: -0.12 (lower mid).

Why Are These Top Performers?

Fincash has employed the following parameters for shortlisting the top performing funds:

Past Returns: Return analysis of last 3 years.
Parameters & Weights: Information ratio with some modifications for our ratings and rankings.
Qualitative & Quantitative Analysis: Quantitative measures like Average Maturity, Credit Quality, Expense Ratio, Sharpe Ratio, Sortino Ratio, Alpa, including fund age and the size of the fund has been considered. Qualitative analysis like the reputation of the fund along with the fund manager is one of the important parameters that you would see in the listed funds.
Asset Size: The minimum AUM criteria for debt Mutual Funds are INR 100 Crores with some exceptions at times for new funds that are doing well in the market.
Performance with Respect to Benchmark: Peer average.

Smart Tips to Invest in Monthly Income Plan

Some of the important tips to consider while investing in monthly income plan are:

Investment Tenure: Investors planning to invest in monthly income plan should stay invested for minimum three years.
Invest via a SIP: SIP or Systematic Investment plan is the most efficient way to invest in a Mutual Fund. They not only provide a systematic way of investing, but also ensures regular investment growth. You can invest in a SIP with an amount as low as INR 500.

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.