Mutual Fund SWP: If you also want to be financially independent, then the Systematic Withdrawal Plan (SWP) of Mutual Funds can prove to be a great option for you. Through this plan, you can earn at least ₹ 1 lakh every month on your investment. However, before starting SWP, it is important to create a large fund. To create this fund, you can invest in equity mutual funds, as these schemes are known to give better returns in the long run. So, first make the right investment, then get passive income month after month through SWP, so that you can gradually move towards financial freedom.
This is how you will earn ₹ 1 lakh every month
There have been many mutual fund schemes that have given profits of 12 to 15% every year in the long run! If a person invests ₹ 10 lakh for 21 years and gets a return of 12% every year, then this amount can grow to about ₹ 1 crore 8 lakhs. In this way, by investing ₹ 10 lakh once, you can earn up to ₹ 1 lakh every month sitting at home after retirement. This is a powerful way to meet your financial needs.
What is the Systematic Withdrawal Plan
A Systematic Withdrawal Plan is a way by which you can gradually withdraw the money invested in your mutual fund. In this, you tell your mutual fund company how much amount is to be transferred to your bank account every month and on which date. A certain amount keeps coming out from the fund, but the rest of the money remains invested there and keeps getting interest or return on it. Along with this, you also keep getting the benefit of compounding. This method is beneficial for those who have retired or are taking a break from their job.
An investment of ₹ 10 lakh made once can grow to ₹ 1 crore 8 lakh in 21 years, if the annual return is 12%. After this, you can earn up to ₹1 lakh per month through SWP. This is a great way to secure your financial future.