Utility News Desk!!! Savings schemes are abundant in the country. The postal department is running its own savings schemes in collaboration with banks. But where does it come from when returns are high? In such a situation, you can get great benefits from SWP i.e. Systematic Withdrawal Plan of mutual funds. Some time ago the interest rates on FD were increased, due to which once again investors are moving towards fixed deposits. But still in case of mutual funds, returns are less than FD. So today let us tell you about the SWP scheme of mutual funds, through which you can make your retirement life stress-free.
Through Systematic Withdrawal Plan i.e. SWP, you can withdraw a fixed amount at a fixed time from the mutual fund. As you know that through SIP we deposit a fixed amount in our fund, whereas through SWP we withdraw money from the fund.
Suppose you invest Rs. An investment of Rs 1 lakh has been made. You want a certain amount to be withdrawn from your bank account every month. So for that you can set a monthly limit of Rs 10,000. Due to this, the amount left in the mutual fund will fluctuate depending on the market, but your SWP amount will remain the same. But keep in mind that you will get maximum benefits only if you invest in mutual funds with a large amount.
SWP can prove to be an excellent screen for post-employment. That means after retirement, you can get a fixed salary every month. For this plan, you will have to activate SWP plan in your existing plan. After setting the limit, the money will be transferred to your bank account at the scheduled time.
