Earn regular income with a Systematic Withdrawal Plan
Systematic withdrawal of your investments
Best for planning a regular income
Earn better tax efficiency
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Value of investment post withdrawal
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How is an SWP better?
1 The rate of return applied to the SWP is based on the returns of the performance of the fund selected
2 The rate of return applied to the fixed deposit is 6% pa.
3 The tax deduction for fixed deposit is calculated assuming the person, falls in the 30 per cent tax bracket
Your Systematic Withdrawal Plan
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Frequently asked questions
When do I use a Systematic Withdrawal Plan?
An investor can use a Systematic Withdrawal Plan when he wants to have a regular cash flow from his investments. The need for a Systematic Withdrawal Plan differs for every person. SWP can be useful for child education, paying EMI’s, retirement etc.
Who can choose to invest in a Systematic Withdrawal Plan?
Any person who has invested in any of SBI Mutual Fund open-ended schemes can choose to start a Systematic Withdrawal Plan for a regular cash flow subject to lock-in period, if any.
How does a Systematic Withdrawal Plan work?
A Systematic Withdrawal Plan(SWP) works in an opposite way to Systematic Investment Plan(SIP).A Systematic Investment Plan(SIP) allows an investor to invest a fixed amount at pre-determined intervals and a Systematic Withdrawal Plan(SWP) is a facility which allows an investor to withdraw a fixed amount at pre-determined intervals. The investor can choose the amount, the frequency and the duration of the SWP according to his needs. Withdrawals through SWP are subject to Exit Load as applicable.
How does long term and short term capital gain affect my tax implications ?
For equity oriented scheme-If your holding period is less than 1 year, the gains will be calculated as short term capital gains and will be taxed at 15% and if the holding period is more than 1 year, then long term capital gains of 10% will be taxed if the individuals total capital gains cross ₹1 lakh in a year.
For debt oriented scheme-If your holding period is less than 3 years, gains will be calculated as short term capital gains and will be taxed as per the investors tax slab and if the holding period is more than 3 years, then long term capital gains of 20% with the benefit of indexation will be taxed.
Note: In view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorised dealers with respect to the specific amount of tax and other implications arising out of his or her participation in the schemes.