Systematic Withdrawal Plan

A Systematic Withdrawal Plan (SWP) is a facility that allows an investor to withdraw money from an existing mutual fund at predetermined intervals.

SWP helps investors to create a regular flow of income from their investments. Existing investors looking for income at periodical intervals usually use SWP to fund expenses during retirement.

Systematic Withdrawal Plans is of advantage to investors who require liquidity as it allows investors to access their money exactly when they need it. This makes it easier for the investors to carry out their financial plans and meet their goals.

Benefits of SWP:
  • Make Regular Flows of Income - Through SWP, investor can make regular withdrawal from his/her existing investment. It helps you to redeem your investment into actual cash flow
  • Good Option For Retirement Plan - SWP is possibly a good facility for your retirement as it helps you to redeem regular cash flow from your existing investment
  • On Going Investment - While SWP withdraws fixed amount regularly from your existing investment, your remaining amount remains invested and gives you a chance to seek better return

By taking the mutual fund route for regular cash flows through SWP, you get the benefit of Timely Cash Flows along with possible Capital Appreciation on the residual investment.

ELIGIBLE SCHEMES FOR SWP

Type

Name of Scheme

Eligibility

Equity

Mirae Asset Large Cap Fund

Yes

Mirae Asset Emerging Bluechip Fund

Yes

Mirae Asset Great Consumer Fund

Yes

Mirae Asset Healthcare Fund

Yes

Mirae Asset Focused Fund

Yes

Mirae Asset Midcap Fund

Yes

Hybrid

Mirae Asset Equity Savings Fund

Yes

Mirae Asset Hybrid Equity Fund

Yes

Debt

Mirae Asset Savings Fund

Yes

Mirae Asset Cash Management

Yes

Mirae Asset Tax Saver Fund*

Yes

Mirae Asset Dynamic Bond Fund

Yes

Mirae Asset Short Term Fund

Yes

  
  • Please check the Exit Load details of each scheme from Scheme Information Document
  • * Each STP Installment ‘OUT’ of Mirae Asset Tax Saver Fund shall be subject to lock in period of 3 years from the date of allotment of Units proposed to be redeemed
  • For the list of schemes which are eligible for this facility and other terms and conditions, please refer to the facility form.

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