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what is systematic withdrawal plan ?
you might have heard of systematic investment plan ( SIP ) – where you add money to the investment at regular intervals
there is also something called as systematic withdrawal plan ( SWP ) – where you deposit a lump sum at the beginning and you get back money at regular intervals ( say , every month ) and the money that you deposited also keeps growing
this option is good for people who have a large sum of money that needs to grow as well as get regular income
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