What are the steps to place a Systematic Withdrawal Plan (SWP)?
Here are the steps to place a Systematic Withdrawal Plan (SWP):
- Login to your Scripbox account & click on “Invest More”
- Click on “Invest”
- Select “Mutual Funds”
- Select the offering
- Under Manage Holdings there will be list of funds available
- Select the fund, click on 3 dots available next to it & select SWP
- Click on “continue with same bank”
- Enter the amount
- Enter the duration in months & click “next”
- Click on continue with withdrawal amount
- Click “confirm withdrawal.”
- Note: – Mutual fund(s) from where customer wants to place the SWP request should have minimum current value of Rs.12,000. Minimum SWP amount is Rs.12,000. Minimum number of months is 12
- If the above criterias are not met then the customers might face issues while placing the monthly withdrawal request
