A plan which allows an investor to withdraw an amount from his/her mutual fund scheme on a preset date every month, quarter, or week as per need.
Here is how you can set up an SWP:
1. Select the “SIP, STP & SWP” option at the bottom or click on the Cart icon on the top right corner of your Dashboard.
2. Select SWP tab and then click on “Add SWP”
3. Choose the scheme in which you wish to set up SWP, then select folio and enter the SWP amount, frequency, SWP date and number of withdrawals.
4. Once done, click on “Continue”. Review your SWP setup details and click on “Confirm”.
5. Once OTP verification is completed your SWP will be set.