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What is Systematic Withdrawal Plan (SWP)?

April 26, 2017Plan swp systematic withdrawal

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What is Systematic Withdrawal Plan (SWP)?

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The unit holder may set up a Systematic Withdrawal Plan on a monthly, quarterly or semi-annual or annual basis to redeem a fixed number of units. They have to pay capital gain tax, which may be short term or long term. Any Unit holder can avail of this facility subject to the terms and conditions contained in the application form / Offer Document, it may also include exit loads if applicable.