Best SWP For Monthly Income | SWP plan mutual funds | Get Regular Income From Mutual Fund
What is SWP?
SWP stands for Systematic Withdrawal Plan. It allows you to withdraw a fixed or changing amount at regular intervals from your mutual fund investments, effectively turning your investments into a source of monthly income.
How Does SWP Work?
Find out how SWP operates:
First, you need to invest in a mutual fund of your choice.
Then, you decide the frequency of withdrawals, whether it's monthly, quarterly, or annually, for a steady income source.
The predetermined amount is then transferred from your mutual fund scheme to your bank account.
While the SWP provides you with a regular income, your invested amount continues to grow in the market. It's crucial to understand that mutual funds don't guarantee returns, so withdrawing funds shouldn't deplete your principal.
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Types of SWP
Learn about the three types of SWP:
1. Fixed Amount SWP: Regular fixed withdrawals.
2. Capital Appreciation SWP: Profits are withdrawn, not the initial investment.
3. Appreciation and Fixed SWP: Combines profit and fixed amount withdrawals.
Ensure that the withdrawal rate is lower than the scheme's return to safeguard your principal. Historical returns of the scheme can guide you in deciding the SWP amount.
Discover three mutual fund schemes ideal for SWP and generating regular income: Balanced Advantage Funds, which offer a balance between equity and fixed income investments.
Consider these top Balanced Advantage Funds for regular income through SWP Plan:
1. ICICI Prudential BAF
2. HDFC BAF
3. ABSL BAF
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⚠️ Disclaimer: Investing involves risk, and past performance is not indicative of future results. Please seek professional financial advice before making any investment decisions. This video is for informational purposes only.
25 окт 2023
