A systematic withdrawal plan (SWP) helps you withdraw money from your mutual fund in a regular and planned manner. You can choose how much money you want to withdraw and how often you want to withdrawa it, i.e., the frequency, which is often monthly.
Before you choose the best systematic withdrawal plan and jump into investing in SWP investment schemes, it’s crucial to weigh some key factors. First, define your financial goals and the purpose of your SWP scheme and make sure that your specific mutual fund company is reputable. Next, look at the best mutual funds for SWP track record in generating returns and its consistency in meeting its objectives. Also, learn more about its fees and charges (if any).
1. SBI Equity Hybrid Fund Established under SBI Mutual Fund, this SWP scheme is an equity hybrid fund. The fund was launched on December 31, 1995. SBI SWP plan offers the potential for growth through equity exposure while maintaining stability through debt investments.
2. ICICI Prudential Equity & Debt Fund Launched by ICICI Prudential Mutual Fund, this scheme is a hybrid fund. It seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity and debt securities.
3. Tata Hybrid Equity Fund An Aggressive Hybrid mutual fund established on January 1, 2013. With 11 years and 1 month of operation Its portfolio allocates 77.08% to equity and 17.99% to debt.
4. HDFC Hybrid Equity Fund Aggressive Hybrid mutual fund by HDFC Mutual Fund, has been operational for 11 years and 1 month The fund allocates 69.60% to equity and 27.42% to debt. Its expense ratio, at 1.07%,
5. Nippon India Equity Hybrid Fund A product of Nippon India Mutual Fund, is an Aggressive Hybrid mutual fund with an 11-year history Presently, the fund allocates 73.75% to equity and 22.50% to debt.
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