Why Invest in MutualFund
An SIP is similar to your bank Recurring Deposit(RD). You need to invest an equal amount every month. Only, here you will be investing in a Mutual Fund and for however long you want. No tenure restrictions. You can do SIPs in Equity Mutual Funds (that invest in stocks) or Debt Mutual Funds (that invest in debt instruments like Government bonds).
SWP stands for systematic withdrawal plan. Under SWP, if you invest lump sum in a mutual fund, you can set an amount you’ll withdraw regularly and the frequency at which you’ll withdraw.A systematic withdrawal plan is most commonly used for retirement. However, investors can structure and use SWPs for various payout needs. Systematic withdrawal plans can be setup for withdrawals from nearly any type of investment vehicle in the market.