For an amount of 1 lakh investment, in Birla Sun Life MIP - II wealth 25 plan how much monthly income can I get at present?
Birla Sun Life MIP II Wealth 25 Monthly Dividend payout plan declared a dividend of 0.0594 / per unit on 28/07/2017. The NAV of this scheme today is Rs 15.6083. Therefore, if you invest Rs 100,000 today, you will get 6406.8476 units (Rs 100,000 / 15.6083). Suppose the scheme declares the same dividend this month too, then you will get Rs 380. 57 (6406.8476 units x 0.0594) as monthly dividend.
You may check the dividend history of this fund from here https://www.advisorkhoj.com/mutual-funds...
Please note that the above is just as an assumption and the fund may or may not declare the dividend at the same rates. As you can see in the above link, the dividend declared per unit is different in each month.
You should also note that dividends from mutual funds are not assured, neither the quantum of dividend nor the date of dividend.
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