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What is SBI SWP scheme?
A Systematic Withdrawal Plan (SWP) is a facility provided by mutual funds and other financial institutions that allows investors to withdraw a fixed amount or a certain percentage of their investment at regular intervals. This is typically used as a way to generate a steady income stream from investments while keeping the remaining funds invested and potentially growing.
Investors would invest a lump sum amount in a mutual fund or investment product offered by SBI Mutual Fund, and then set up a SWP to receive periodic withdrawals from the invested amount.