A systematic withdrawal plan is a financial plan that lets a shareholder withdraw money from his existing mutual fund portfolio at regular intervals. The money that is withdrawn through a systematic withdrawal plan can be reinvested in another portfolio.
These are commonly used for retirement planning and generally for those investors that require easy access to their money.
There are a lot of investment companies in India that offer such systematic investment plans like HDFC, ICICC and Reliance mutual funds. Along with this they also provide information on mutual fund terms so that you can invest more easily.
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