Helps estimate how long your savings might last if you withdraw a fixed amount regularly
₹5,00,000
₹6,00,000
Can I choose the withdrawal amount with a SWP, or is it fixed?
Yes, with a SWP (Systematic Withdrawal Plan), you have the flexibility to determine the withdrawal amount according to your requirements. You can choose between withdrawing a fixed amount annually or opting for quarterly withdrawals. This allows you to tailor your withdrawal strategy based on your financial needs and goals, providing greater control over your investment income.
What are the withdrawal options available with SWPs?
There are two options available with SWPs: Fixed Interval SWP and Fixed Amount SWP.
Can I set up multiple SWPs from the same mutual fund scheme?
Yes, you can set up multiple SWPs from the same mutual fund scheme. This allows you to create a customized withdrawal strategy that aligns with your financial goals and requirements. By setting up multiple SWPs, you can stagger your withdrawals, manage your cash flow effectively, and maintain a steady income stream from your investments.