For people who have just retired or are a few years from retirement, handling finances and having a steady income in addition to pension is a major concern. A Systematic Withdrawal Plan (SWP) is an efficient solution in such situations. This plan permits retirees to invest a lump sum amount in a mutual fund and withdraw a constant sum at frequent intervals such as monthly, quarterly or yearly.

SWP enables your investment to go on increasing as well as provides the option of flexibility in scaling down withdrawals based on evolving financial requirements. With inflation in living costs going up consistently, it is vital to plan wisely now to have a comfortable future.

"There are two options in mutual funds mainly: the dividend option and the Systematic Withdrawal Plan (SWP). The dividend

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