While you make investments out of your hard-earned money into the equity-led financial assets, you look forward to reaping the harvest at a later date. However, what if the NAV (net asset value) of your assets falls on the day you need the money because of bearish sentiment prevailing in the market. In such a case, as financial advisers suggest, the invested corpus ought to be withdrawn in regular intervals instead of one-time sale. A scheme, with the same goal in mind, is offered by the SBI Mutual Fund to protect investors against the market volatility, and to help them extract maximum value out of their investments.
The scheme, known as Bandhan SWP (Systematic Withdrawal Plan) by SBI Mutual Fund, aims to offer financial security to you or to your loved ones, since it can also be given as a gift, giving them a regular flow of money into their bank accounts, monthly, quarterly as the case may be, while unlocking the value of your share in the mutual fund scheme.
SBI Bandhan SWP is a scheme through which you can set a SWP with direct regular payout in your beneficiary's registered bank account can be started by just issuing one-time instruction to the SBI Mutual Fund. A SWP is a scheduled investment withdrawal plan, used in retirement or otherwise. Investors can structure the SWPs in various ways. Mutual funds typically allow an investor to determine a systematic withdrawal plan that includes interval payouts monthly, quarterly, semi-annually or annually.
One of the biggest priorities of every individual is to provide financial support to their loved ones, so while you juggle between your profession and family, let #BandhanSWP help you take care of your finances.
Here are the steps you need to know if you plan to invest in the ‘Bandhan-SWP'scheme:Some of the benefits of the ‘Bandhan-SWP' facility according to SBI mutual fund's official website are:
Read more: https://t.co/aOQZ5p3Qk4#Inspire pic.twitter.com/q6B3WG9dYM— SBI Mutual Fund (@SBIMF) April 6, 2018Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
