Systematic Withdrawal Advantage Plan (SWAP) enables investors to redeem a pre-defined amount from their investments at regular intervals. Every month on a specified date an amount you choose is withdrawn from the scheme of your choice.
Unitholder has an option to select any one of the following SWAP withdrawal date i e 1st, 5th, 10th, 15th, 20th, 25th.
Currently, Fixed Systematic Withdrawal Advantage Plan is available for Monthly/ Quarterly / Half yearly / Yearly intervals and Variable Systematic Withdrawal Advantage Plan is available for Quarterly/ Half Yearly / Yearly intervals only.
Fixed Plan is available for Growth and Dividend option whereas Variable Plan is available for Growth Option only.
Please click here to go through the revised terms and conditions in the Systematic Withdrawal Advantage Plan (SWAP) facility as per addendum dated 24th December 2009.
In respect of amount withdrawn under SWAP, the Exit Load, if any, applicable to the Scheme/Plan as on the date of allotment of units shall be levied.
Please refer to the SWAP Enrolment Form for terms and conditions and list of schemes offering this facility before enrolment