Can SIP/Mutul fund give Regular income without Tax?
For more info: Say hi on WhatsApp Can SIP/Mutul fund give you Regular income? ✍Answer is 'Yes' If you are an employee and wants regular monthly income without tax after retirement or a retired person and having money idle(or FD) in bank or a business man with extra money parked in bank, they all can do SWP in SIP/Mutul fund to get regular income. What is SWP? Here you can set how much monthly amount to be withdrawn into your bank account automatically on a fixed date. Features of SWP Partial withdrawal: You can withdraw Only required amount and remaining amount stay invested on which power of compounding works for getting more return compare to FD and beating the inflation. example Suppose you put 10 lakh in a best selected mutul fund and set to withdraw Rs.10,000 each month then even after one year you withdraw 1.20 lakh.so remaining 8.80 lakh stay invested on which power of compounding works and if grow @15% then your value will be 8.80+1.32...