How to structure a SWP plan in a mutual fund

Apologies for replying late.

You can withdraw a fixed amount not exceeding @8% per annum as SWP from your existing investment in Birla Sun Life Balanced 95 Fund Growth option.

For example, if your current investment value is Rs 11,000,00 (Rupees Eleven Lakhs), then you can withdraw Rs 7,300 per month and see how the monthly SWP withdrawal evolves over a period of 12 months or so. If you find that your corpus (at the time of starting the SWP) is intact then continue withdrawing the same amount. In case the corpus grows substantially, you may consider withdrawing more per month. In case it the corpus decreases, then you might have to stop the SWP withdrawal as your primary objective is to protect the corpus amount which was at the time of start of the SWP.

Yes, the SWP mandate can be changed any time you wish by writing to the AMC. Initially you should give a SWP mandate for 12 months and then revise and resubmit the mandate based on how the situation evolves after 12 months or so.

Hope this helps you.

Thanks for writing to Advisorkhoj.