Some like
the monthly systematic withdrawal plans offered by the mutual funds provide a good option.
Not exact matches
The Purpose
Systematic Withdrawal Plan («SWP») allows existing shareholders of any Purpose Fund to withdraw a fixed amount of money from that specific Purpose Fund on a
monthly, quarterly or annual basis.
If your investment objective is to invest a lump sum amount in an MIP fund and would like to receive regular & fixed (
monthly / quarterly / yearly) income then investing in MIP fund with Growth &
Systematic Withdrawal options can be a prudent choice.
You can opt for
systematic partial
withdrawal frequency as
monthly, quarterly or annually for the duration you choose.