Generate Regular Income By Starting Online SWP In Tata Mutual Fund


Finance Guru Speaks:  This article will provide information on how to online register for Systematic Withdrawal Plan (SWP) in Tata Mutual Fund for generating regular income.

Tata Mutual Fund SWP
Tata Mutual Fund SWP
SWP is a process through which you can redeem mutual funds units or amount on a periodic basis. For example, you can withdraw INR 5000 per month from a Mutual fund and the amount will directly credit to your registered bank account. 

SWP is ideal for Senior Citizens or Investors who seek regular income from their investments.

You may select any Mutual fund scheme, steps will remain the same for this fund house.

If you are an existing Tata Mutual Fund investor, then, first of all, get registered to its Tata Mutual Fund website. You can click on CREATE NEW ACCOUNT link mentioned here. Make sure you have your Mobile No. and Email ID correctly registered in the fund house.

Steps to follow to start online SWP in Tata Mutual Fund:-


1. Open Tata Mutual Fund website and provide your Username and Password and click on Login button:-
Tata Mutual Fund Login Page
Tata Mutual Fund Login Page
2. In the Home page, scroll down and go to Folio Summary, then click on your Folio No. as shown below:-
Tata Mutual Fund SWP
(Click to enlarge) Tata Mutual Fund SWP
3. Now, click on Transact and then SWP, against the selected Mutual Fund in which you want to start the SWP, as shown below:-
Tata Mutual Fund SWP
(Click to enlarge) Tata Mutual Fund SWP
4. On the Next Page, provide SWP Frequency, Period and SWP Amount and click on GENERATE OTP button after accepting Terms & Conditions:-

Tata Mutual Fund SWP
(Click to enlarge) Tata Mutual Fund SWP



Tata Mutual Fund SWP
(Click to enlarge) Tata Mutual Fund SWP
6. On the Next Page, provide the received OTP No. and click on CONFIRM button:-
Tata Mutual Fund SWP
(Click to enlarge) Tata Mutual Fund SWP
Congratulations on your successful Online SWP Registration of Tata Mutual Fund.
Tata Mutual Fund SWP
(Click to enlarge) Tata Mutual Fund SWP
The Mutual Fund SWP amount will be directly credited to your Registered Bank Account on the selected frequency (e.g. monthly basis).

Images Courtesy: Tata Mutual Fund Website

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2 comments:

  1. How many interest on fixed amount credited to mt account

    ReplyDelete
    Replies
    1. A decent Equity Mutual Fund can generate returns around 15% per annum. However, returns from Mutual Funds are not fixed and depends on market risks. Through SWP, you can withdraw a fixed amount every month from your already invested amount in the mutual fund. Hope its clear.

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Finance guru Speaks