Systematic Withdrawal Plan (SWP) also is a very useful tool in the hands of the investor. SWP is exactly the opposite of SIP. In case of an SIP we want to create a corpus by investing on a regular basis over a long period of time.
In the case of SWP you already have a corpus and you want to drawdown some money on a systematic monthly basis, quarterly basis, weekly basis or whatever basis you want. So the point is if you have a corpus and if you want Rs 10,000 or Rs 15,000 you could set up a systematic withdrawal over whatever time period you want. Let us say you are a retired person and you want Rs 10,000 or Rs 15,000 on a monthly basis. If your corpus is large enough you can setup Rs 10,000 or Rs 15,000 kind of a withdrawal for a long period of time. It may not be only for a retired person, SWPs can be setup for any use at all absolutely.
If you really required systematic withdrawal on a quarterly basis to pay the school fees you can setup Rs 20,000 systematic withdrawal on a quarterly basis and that can definitely help you in terms of actually paying the school fees. So SWP is one of the least used vehicles today in mutual funds which you should consider.
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