Minimum investment Plan for systematic withdrawal from mutual funds is not 100,000.
A Systematic Withdrawal Plan (SWP) is a system that allows mutual fund investors to withdraw funds regularly. With a system like this, one can enjoy the wealth accumulated in the past through periodic redemption. The benefits of Systematic Withdrawal Plan Benefits are fixed cash flow to the investor, systematic withdrawal of the investments, mitigating the timing risk.
With this SWP, investors can receive a fixed amount in their bank, and a proportional unit is deducted from the investment portfolio. SWP is highly recommended for retirees who want to utilize the investment corpus for their monthly cash flow needs.
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