Monthly income plan / scheme (mip/mis) mutual funds

Others 691 views 1 replies

I want to know more about the MIP/MIS Mutual Funds. One such MF has the below performance history:

Period    %Absolute Returns
1 month    2.4
3 months    4.9
6 months    13.4
1 year    21.8
2 years    28.6
3 years    39.1
5 years    56.1

These instruments are supposed to give monthly returns.
In the above example, if I had invested Rs. 100 five years back and exit today, what is my return & what frequency?

Thanks in advance.

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