WHAT IS SWP (SYSTEMATIC WITHDRAWAL PLAN)?
Just like SIP, a mode of entry, SWP is a mode of exit from a mutual fund. One can opt for this facility with most of the schemes.
Redemption is done periodically for the prefered amount or units/period and the money is transfered to the Investor. Say, One can redeem for Rs.2000/- every month or some 50 units every month and the amount is given to the investor through cheque or directly credited into investor's account depending on the facility available.
With this SWP facility, One can plan pension type of investing in a mix mutual funds in select Equity and debt schemes, with the help of a good financial advisor .
RELAX
ANOTHER MULLA STORY
Mulla Nasruddhin took his donkey across a frontier every day, always with a big load of straw. Every day the guards searched him as he crossed each way. They knew he was smuggling but could not find anything. They searched his person, sifted the straw, again and again. They even burned the straw from time to time. Mulla was obviously becoming more prosperous.
When he finally retired and went to live in another country, he met one of the customs officers. "You can tell me now, Mulla," he said. "What was it that you were smuggling in the straw. We could never catch you?
"Donkeys," said Mulla. "Donkeys and just only donkeys."
Just like SIP, a mode of entry, SWP is a mode of exit from a mutual fund. One can opt for this facility with most of the schemes.
Redemption is done periodically for the prefered amount or units/period and the money is transfered to the Investor. Say, One can redeem for Rs.2000/- every month or some 50 units every month and the amount is given to the investor through cheque or directly credited into investor's account depending on the facility available.
With this SWP facility, One can plan pension type of investing in a mix mutual funds in select Equity and debt schemes, with the help of a good financial advisor .
RELAX
ANOTHER MULLA STORY
Mulla Nasruddhin took his donkey across a frontier every day, always with a big load of straw. Every day the guards searched him as he crossed each way. They knew he was smuggling but could not find anything. They searched his person, sifted the straw, again and again. They even burned the straw from time to time. Mulla was obviously becoming more prosperous.When he finally retired and went to live in another country, he met one of the customs officers. "You can tell me now, Mulla," he said. "What was it that you were smuggling in the straw. We could never catch you?
"Donkeys," said Mulla. "Donkeys and just only donkeys."
0 comments:
Post a Comment