The Securities and Exchange Board of India (SEBI), which oversees the capital markets, announced that you no longer have to name a nominee for joint mutual fund accounts. This change was made in a circular issued on April 30, 2024.
Systematic Withdrawal Plans allow investors to withdraw fixed sum every month. Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Mutual Fund, talks about how to start a SWP, how much should you withdraw and the pitfalls that come with it.
Systematic Withdrawal Plans allow investors to withdraw fixed sum every month. Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Mutual Fund, talks about how to start a SWP, how much should you withdraw and the pitfalls that come with it.
Systematic withdrawal plans can be a useful tool for generating regular income from investments but investors should carefully consider their individual financial goals, risk tolerance, and investment strategy before implementing an SWP
India Business News: Financial planners believe investors can set up systematic withdrawal plans (SWP) from their mutual fund scheme to get a monthly cash flow.