A step-up SIP can help achieve a 2.5 crore corpus by age 45 by automatically increasing investment amounts annually, keeping pace with income growth and outpacing inflation.
SWP, or Systematic Withdrawal Plan, allows investors to receive a fixed amount from their mutual fund investments at regular intervals.
Yes, SWP withdrawals can be adjusted. Investors can tailor withdrawal amounts and frequency to match their financial needs. It is also possible to change or stop SWP amounts without penalty.
