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Glossary· Ways of investing

What is SWP?

Also known as Systematic Withdrawal Plan

A fixed amount redeemed on a schedule — a SIP in reverse.

The usual way to draw an income from a corpus. Each withdrawal is a redemption, so each one is a taxable event under FIFO, and withdrawing faster than the fund grows will exhaust it.

For the formula and the constants behind this figure, see Methodology.

Guides that use SWP

7 guides put this term to work.

More on ways of investing

The transaction types the calculators model.

SIP
A fixed amount invested on a fixed date, usually monthly.
Step-up SIP
A SIP whose instalment rises by a set percentage each year.
Lumpsum
A single one-time investment.
STP
A scheduled move from one scheme to another within the same fund house.