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Can I set up an automatic SWP schedule with the calculator?

You can't directly set up an automatic SWP schedule using a calculator. However, an SWP Calculator can provide a comprehensive breakdown of your investment, including the total amount invested, interest earned, withdrawals made, and the final balance. To create an automatic SWP, you typically need to follow these steps:

  • Select Your Fund: Choose the mutual fund from which you want to withdraw money.
  • Enter Withdrawal Details: Specify the amount you wish to withdraw and select the frequency (e.g., monthly, quarterly).
  • Set the Start Date: Indicate when you want the withdrawals to begin.
  • Confirm Setup: After reviewing your selections, confirm the SWP setup.

Once established, the SWP will automatically transfer the specified amount to your bank account on the chosen dates without requiring further action from you.