There are several mutual fund offerings in the market, and SWPs are one of them. SWP stands for \u201cSystematic Withdrawal Plan.\u201d SWP mutual funds let investors systematically withdraw amounts at specified intervals. Investors can thus plan for a steady income while reducing their tax burdens.<\/p>\n\n\n\n
With SWPs, investors should consider \u201centry loads\u201d and \u201cexit loads.\u201d Entry loads are the charges that apply to a new investor in the funds. Exit loads are the fees levied when an investor exits the fund.<\/p>\n\n\n\n
Any list of the best SWP mutual funds<\/a> in India will probably include the following names. However, please remember that the list could vary with time as newer funds and scenarios emerge. While this list can help kickstart your research<\/a>, don\u2019t let it stop there.<\/p>\n\n\n\n Let\u2019s begin with our good old SBI. The SBI Mutual Fund (SBIMF) goes back 35+ years. In 2011, SBI MF entered into a shareholder agreement with AMUNDI Assessment Management (France).<\/p>\n\n\n\n Hybrid mutual funds are funds that invest in both equities as well as in debt instruments. With these mixed investments, hybrid plans offer investors the opportunity to create a more diversified portfolio.<\/p>\n\n\n\n This particular fund currently holds around 74% of the money as domestic equity instruments, of which around 49% are Large Cap stocks. Further, it holds around 21% in the form of debt, of which around 17% is in the form of government securities. This fund is managed by the ICICI Prudential Asset Management Company Ltd., a joint venture company promoted by ICICI Bank and Prudential Plc, UK.<\/p>\n\n\n\n There is no entry load, but there is an exit load of 1%.<\/p>\n\n\n\n This offering is a fund with around 70% exposure to equities and 20% to debt securities. It aims at long-term appreciation even as a steady income is generated.<\/p>\n\n\n\n The Canara Robeco Mutual Fund Company was started as CanBank Mutual fund in 1987. In 2007, Canara Bank partnered with Robeco, now a part of ORIX Corporation, Japan.<\/p>\n\n\n\n This growth plan was created in 1993. It aims to provide capital appreciation in the medium to long term, even as a steady income is generated.<\/p>\n\n\n\n There is no entry load. However, the fund has a 1% exit load in the first year of holding for exits exceeding 10% of the total holdings.<\/p>\n\n\n\n Franklin Templeton Investments (established in 1947) set up the Templeton Asset Management India Pvt Ltd company in 1996. The latter started the Templeton India Growth fund in that very year. The company has now grown and offers a diverse bouquet of financial services and mutual fund options to Indian investors.<\/p>\n\n\n\n The Franklin India Equity Hybrid Growth Plan Fund was started in 1999. This is also an aggressive growth fund, given that its exposure to equity investments goes up to 80% of the portfolio.<\/p>\n\n\n\n There is no entry load. As far as the exit load is concerned, there is none up to 10% holding in the first year. In excess of that, 1% will be charged within the first year.<\/p>\n\n\n\n The 2008 global financial crisis spawned the birth and growth of Quant Group as a financial platform. The money that goes to this fund is invested across a portfolio of diverse equity (around 68\u201380%). The rest flows into debt instruments. Investing in something as growth-focused as SWP Mutual Funds can be exciting. But you should not let that get in the way of your research. Remember to prioritize the following factors.<\/p>\n\n\n\n The fund can provide a steady and stable income. However, the returns are not guaranteed. So you may want to factor that in when you are planning for your financial needs in the future.<\/p>\n\n\n\n1. SBI Equity Hybrid Regular Growth Plan<\/h3>\n\n\n\n
While there is no entry load, this fund carries an exit load of 1% if sold within a year.<\/p>\n\n\n\n2. ICICI Pru Equity and Debt Growth Plan<\/h3>\n\n\n\n
3. Canara Robeco Equity Hybrid Regular Growth Plan<\/h3>\n\n\n\n
4. Franklin India Equity Hybrid Growth Plan<\/h3>\n\n\n\n
5. Quant Absolute Fund Growth Plan<\/h3>\n\n\n\n
There is no entry or exit load, and calculations are based on the day\u2019s net asset value.<\/p>\n\n\n\nFactors to consider before investing in the best SWP Mutual Fund<\/h2>\n\n\n\n
Your financial needs<\/h3>\n\n\n\n
Regular Income<\/h3>\n\n\n\n