10 Best SWP Plans in India: Systematic Withdrawal Plan In Mutual Fund

A systematic withdrawal plan is popular among those investors who invest and want to withdraw the amount at regular intervals. It is for those who want to withdraw a fixed amount at regular intervals. So to know more about the SWP plan, its features, how to choose the best SWP plan, and the tips for investing in the best SWP plan. 
Do you also wish to get the invested amount as soon as possible sometimes? Do you also want to withdraw your invested money at the time of emergency? Then no need to worry about where to invest and from where to withdraw. In this article, we delve into the top 5 SWP plans in India that offer both stability and growth potential for 2024.

What is the SWP plan?

SWP in Mutual funds means a systematic withdrawal plan. For all those investors who have an urge to get the invested cash as soon as possible, this is the best investment plan. This plan helps you to withdraw the fixed amount in a disciplined way. This can be done yearly, monthly, or on a daily basis. In this swp plan, you can even choose when to withdraw, or how to withdraw. 

The best benefit of this particular plan is that it immediately provides you the cash. Also, it is helpful for those who want to get income on a regular basis.

Top 10 SWP Plan for 2024

Here is the list of the best SWP plans for 2024. This will help you to invest wisely in the fund. Move into the list given below: 

Benefits of investing in a SWP plan 

Though the SWP plan is a beneficial plan for any investor being an investor you should always look for the benefits of an investment. So here, we have listed some of the benefits of the SWP plan:

↬ Flexibility: This plan allows the investor to invest according to his needs and also to withdraw according to his needs. With this plan you don’t need to worry about time, you can stop this plan anytime whenever you feel like it.

↬ Constant Income: The SWP plan provides you with regular income on your investments. This plan is easy and the most feasible plan any investor can invest in. This plan is the most exclusive plan for those who run out of cash. 

↬ Capital Appreciation: If the withdrawal rate is lower than the fund return, then the capital appreciation is too high for the long term. 

↬ TDS: Investors don’t have any tax deductions on the funds received by the SWP Plan. 

↬ Avoid market timing risk: Withdrawing the invested amount at regular intervals avoids the urge to exit. 

Top 10 SWP plan For 2024

1. Invesco India Aggressive Hybrid Fund

Invesco India Aggressive Hybrid mutual fund follows an aggressive hybrid strategy which means investing in both equity and debt. The fund manager invests 65- 80% of the portfolio in the large cap and mid cap equity market and the rest in debt assets. The aim of the fund is to provide both capital appreciation and income through a mix of equity and debt investments. The portion of debt is helpful for balancing out equity market volatility. This fund is suitable for investors who are looking for both growth and, as the fund invests a larger portion of its assets in the equities market while maintaining a significant allocation in debt instruments for stability.

Key Features:

• NAV: Rs. 23.14
• AUM: Rs. 522.02 crore
• Expense Ratio: 2.4%
• Minimum Investment Amount: Rs. 1,000

2. Edelweiss Aggressive Hybrid Fund

Edelweiss Aggressive Hybrid fund is an aggressive hybrid mutual fund offered by Edelweiss Mutual Fund. The fund follows a balanced growth strategy for long term investment. The fund manager invests 65%-80% of the portfolio in equity and the rest in debt assets. The aim of the fund is to provide long-term capital appreciation by investing in large-cap and mid-cap stocks and follow it by debt assets to reduce market volatility. It offers both growth potential and stability.

Key Features:

• NAV: Rs. 64.03
• AUM: Rs. 2077.12 crore
• Expense Ratio: 1.98%
• Minimum Investment Amount: Rs. 500

3. UTI Aggressive Hybrid Fund

UTI Aggressive hybrid mutual fund is offered by UTI Mutual Fund. The fund follows a balanced investment strategy which involves investing in both equity and debt instruments. The fund manager invests 65%-80% of the portfolio in equity and rest in debt assets to provide long-term capital appreciation. It invests primarily in equities for growth while using debt instruments to provide stability and income, which make it suitable for investors who want to invest for at least 3-5 years horizon.

Key Features:

• NAV: Rs. 412.64
• AUM: Rs. 6189.11 crore
• Expense Ratio: 1.88%
• Minimum Investment Amount: Rs. 500

4. ICICI Prudential Equity & Debt Fund – Growth

ICICI Prudential equity & Debt fund is an aggressive hybrid mutual fund offered by ICICI Prudential Mutual Fund. It aims to provide long-term capital appreciation by investing in a diversified portfolio of equity and debt securities. The fund's asset allocation is typically 60-80% equity and 20-40% debt. It is a balanced portfolio with diversified investments to seek to maximize returns from equities while managing risk through debt investments. It is suitable for investors who want to take on a moderate risk appetite.

Key Features:

• NAV: Rs. 389.45
• AUM: Rs. 40095.35 crore
• Expense Ratio: 1.59%
• Minimum Investment Amount: Rs. 500

5. Kotak Equity Hybrid Fund

Kotak equity hybrid fund is an aggressive hybrid mutual fund offered by Kotak Mahindra Mutual Fund. The aim is to provide long-term capital growth by investing in a diversified mix of equity and debt instruments. The fund's asset allocation is typically 60-80% equity and 20-35% debt. The fund seeks to maximize return from higher allocation to equities while managing the risk through debt assets. It is ideal for investors who want to take moderate risk while investing in the equity market.

Key Features:

• NAV: Rs. 63.10
• AUM: Rs. 6510.25 crore
• Expense Ratio: 1.77%
• Minimum Investment Amount: Rs. 500

6. DSP Regular Savings Fund - Regular Plan – Growth 

DSP Regular Saving fund is an aggressive hybrid mutual fund offered by DSP Mutual Fund. The fund follows a balanced growth strategy for long term appreciation and regular income. The fund manager invests 40%-60% of the portfolio in equity and the rest in debt assets. The aim of the fund is to provide long-term capital appreciation by investing in equity and follow it by debt assets for fixed income. It is suitable for investors who are planning for retirement or wealth creation.

Key Features:

• NAV: Rs. 56.20
• AUM: Rs. 178.41crore
• Expense Ratio: 1.17%
• Minimum Investment Amount: Rs. 500

7. HSBC Conservative Hybrid Fund – Growth

HSBC Conservative Hybrid fund is an aggressive hybrid mutual fund that follows a conservative approach to investing, focusing on capital preservation and moderate growth. The fund manager invests 20-35% of the portfolio in equity and 65-80% in debt instruments. The aim of the fund is to provide moderate capital appreciation while maintaining a focus on risk management through a larger allocation to debt. It is suitable for investors who are looking for a fund with low risk.

Key Features:

• NAV: Rs. 59.18
• AUM: Rs. 133.4 crore
• Expense Ratio: 2.17%
• Minimum Investment Amount: Rs. 500

8. Parag Parikh Conservative Hybrid Fund - Regular Plan – Growth

Parag Parikh Conservative Hybrid fund is an aggressive hybrid mutual fund offered by Parag Parikh Mutual Fund. The fund follows a balanced investing strategy for capital preservation and moderate growth. The fund manager invests 20%- 35% of the portfolio in equity and the rest 65-80% in debt instruments. The aim of the fund is to provide moderate capital appreciation through its equity investments and follow it by debt assets for fixed income. It is suitable for investors who prioritize safety over aggressive growth.

 Key Features:

• NAV: Rs. 14.27
• AUM: Rs. 2197.03 crore
• Expense Ratio: 0.63%
• Minimum Investment Amount: Rs. 500

9. Invesco India Balanced Advantage Fund – Growth

Invesco India Balanced Advantage fund is a dynamic hybrid mutual fund offered by Invesco Mutual Fund. The fund follows a flexible asset allocation strategy for long-term capital appreciation. The fund manager invests 65%-80% of the portfolio in equity and the rest in 20%-35% in debt instruments. The aim of the fund is to provide long-term capital appreciation through investing in a mix of equity and debt securities. It is suitable for investors who want to take risks to earn a better return.

 Key Features:

• NAV: Rs. 53.92
• AUM: Rs. 865.59 crore
• Expense Ratio: 2.18%
• Minimum Investment Amount: Rs. 500

10. HDFC Balanced Advantage Fund – Growth 

HDFC Balanced Advantage Fund Growth is a hybrid mutual fund that invests in a mixture of equity and debt securities. This fund aims to provide investors with a balance of capital appreciation and income technology. The fund manager invests 65%-80% of the portfolio in equity and the rest 20%-35% in debt instruments. It has an amazing track record of performance, with a mean annual return of over 15% in the past 10 years.

Key Features:

• NAV: Rs. 514.90
• AUM: Rs. 95391.46 crore
• Expense Ratio: 1.35%
• Minimum Investment Amount: Rs. 500

How to Invest in a SWP Mutual Fund?

Investing in SWP mutual funds is similar to investing in any mutual fund scheme. Once you choose the right systematic withdrawal plan that aligns with your investment goals and risk appetite, you can inform the AMC and select the SWP for your investment. However, before signing the documents, read the terms and conditions related to the scheme and the selected plan.

Step-by-step guide on how to invest in a SWP mutual fund through ZFunds

If you are seeking to invest in a SWP Plan and want to have a good cash flow, you need to follow these steps. These steps include:
1) You can conduct research and find a swp plan that is alien to your goals. For this you can consult a ZFunds mutual fund advisor where you will get personalised help or take help from an swp calculator. 

2) Once you are done with the swp plan, you can sign up or login on the ZFunds app.

3) Select the fund you want to do swp and now you can invest the amount in the swp plan.

4) Now enter the amount you want to withdraw through the swp plan and select the frequency.

5) Now Tap on create swp.

Who Should Invest In A SWP Plan?

SWP plan is the best investment plan for retired people, also it is beneficial for those who want to maintain a cash flow and want to get high returns on their small investments. It help you to achieve your financial goals with the best-suited plan which is basically for the people who are in need of funds. 

SWP is not only for retirees but also for individuals with many dependents. This plan is not only beneficial for those who are independent or retirees but also to the inter-dependent as they also have this urge to generate funds.

Factors to Consider Before Investing in the Best SWP Funds in India

Choosing a fund or a plan you should always keep some basic points in mind. Market provides you with n number of options to invest and to decide where to invest you need to look after some factors, and these factors are listed below:

1. Good track record: Before investing in any fund you should check the track record of any fund and how it has been in the last few years.
2. Fees:  If you are choosing any investment, you should always crosscheck the fees of any investment you need to pay. Also, you should always pick a fund that has a reasonable fee to pay.
3. Good Fit: Investing in mutual funds always requires a high appetite for risk. So before investing, you need to understand the fund thoroughly and also you need to look at the risk of a fund.