Utility News Desk !!! There are plenty of savings schemes in the country. The Postal Department is running its savings schemes in collaboration with banks. But when the returns are high, where does it come from? In such a situation, you can get great benefits from the SWP i.e. Systematic Withdrawal Plan of Mutual Fund. Some time ago, the interest rates on FD were increased, due to which investors are once again moving towards fixed deposits. But still in the case of mutual funds, the return is less than FD. So let us tell you today about the SWP scheme of mutual funds, through which you can make your retirement life stress free.

Through Systematic Withdrawal Plan i.e. SWP, you can withdraw a fixed amount from the mutual fund at a fixed time. As you know, through SIP we deposit a fixed amount in our fund, while through SWP we withdraw money from the fund.

Suppose you invest Rs. 1 lakh. You want a fixed amount to be withdrawn from your bank account every month. So for that you can set a monthly limit of Rs 10,000. Due to this, the amount left in the mutual fund will keep fluctuating depending on the market, but your SWP amount will remain the same. But keep in mind that you will get maximum benefit only when you invest in mutual funds with a large amount.

SWP can prove to be a great screen for post-employment. That is, after retirement you can get a fixed salary every month. For this plan, you have to activate the SWP plan in your current plan. After the limit is fixed, the money will be transferred to your bank account at the scheduled time.