New Delhi, May 9 -- If you are a retired salaried taxpayer or investor looking for regular fixed payouts from your mutual fund investment, systematic withdrawal plan (SWP) generates regular and steady income while keeping your remaining corpus invested.

While a popular feature that provides investors either monthly or quarterly (as per choice) encashments of their invested corpus, in order to avail SWP, you need to first invest - either via SIP or lumpsum, in a mutual fund.

For its convenience, most ordinary investors choose the systematic investment plan (SIP) route to build a sizeable corpus in mutual fund instruments by being consistent over a long-term. Once the fund is in place, and either at a desired time in your life, or during ...