How does Systematic Withdrawal Plan (SWP) works?
Systematic Withdrawal Plan (SWP) is a plan which will help you get monthly income in your bank account from your investments for a specified number of months.
Let’s say that you have invested a certain amount in Long Term Wealth & its current value is 10 Lakh. Now you want a monthly income from your investments. Then you will place for a SWP from your Long Term Wealth.
The instruction will be place as follows:
- Rs.10,000 for 100 months in your bank account.