Mutual funds: Know how SIP-SWP combination can pave the way for financial independence

In the expansing world of mutual funds, systematic investment plan or SIP has emerged as a preferred instrument of investment for a large section of middle class and lower middle class investors in India. More and more investment strategists are now recommending a combination of SIP and SWP (systematic withdrawal plan) to strike a plan for retirement financial planning.

Kolkata: Despite the turmoil in the equity markets, the mutual fund sector in India is expanding. That mutual fund SIP (systematic investment plans) has emerged as the preferred instrument of investment of choice in the country is evident from industry data. AMFI (Association of Mutual Funds in India) data reveal that monthly SIP inflow stood at Rs 32,297 crore in August. In January 2024, SIP inflow stood at a mere Rs 18,838 crore. It marks a near surge of more than 71% in two years eight months. The contributing SIP accounts crossed 10 crore for........

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