What is SWP?

With a Systematic Withdrawal Plan (SWP), you decide to take out a fixed amount of money at regular intervals, like every month. While you withdraw, the remaining money in your account keeps growing due to interest or returns from your investment. The idea is that even as you withdraw some money, the rest continues to grow. However, if you withdraw too much too quickly, your savings may run out over time. If you withdraw carefully, your savings could last longer and might even grow, depending on how much return your investment generates. SWP is commonly used by people who want a steady income from their investments while allowing their remaining money to keep working for them.