A systematic withdrawal plan (SWP) is a facility offered by mutual funds to their investors to withdraw a fixed or variable amount of money from their investments at regular intervals. In an SWP, the investor specifies the amount they wish to withdraw and the frequency of the withdrawals (e.g., monthly, quarterly, or annually). The mutual fund then sells a certain number of units or shares to generate the specified amount and transfers it to the investor's bank account. An SWP can be an effective way for investors to generate a regular stream of income from their mutual fund investments, particularly for retirees or those who need a regular cash flow for their expenses.
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