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Difference between revisions of "Systematic Withdrawal Plan"
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Revision as of 05:12, 5 March 2017
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This means, we give an instruction to redeem a specified amount automatically on the specified date from the scheme.
On the said date, the scheme will redeem the amount your specified and will initiate transfer of funds to your bank account.
If u carefully plan your investments, you can use this option to specify pension type of money withdrawl.
This is why i say Mutual funds can be good wealth creation as well as retirement tools.
Related Topics
- Introduction to Mutual Funds
- Mutual Fund Units
- New Fund Offer (NFO)
- Ongoing New Fund Offers (NFO)(List updated on Mar 2, 2017)
- Net Asset Value or NAV
- Know Your Customer / KYC
- Expense Ratio
- Systematic Investment Plan and Compounding effect
- Systematic Transfer Plan (STP)
- SIP vs Lumpsum Investments
- DIRECT plan vs REGULAR plan
- GROWTH option vs DIVIDEND option