SWP is an acronym for “Systematic Withdrawal Plan.”
An SIP is the opposite of SWP.
You can set the sum you want to withdraw from a mutual fund per month in SWP.
Each month, before you close the SWP or the money in the mutual fund runs out, the balance will be credited to your bank account.
Many people utilise it to generate a consistent monthly income from their assets.
Many individuals utilise it to withdraw money from a mutual fund instead of withdrawing it all at once. They wish to take their money out in the same way that they put it in.