What is Bandhan SWP
What separates family from our friends and loved ones? The insatiable desire to make a constant difference to their lives and well-being, for the better. To constantly see them grow and prosper before our eyes. And above all, to stand up for those with whom we share the closest bonds; of love, companionship and togetherness. Presenting Bandhan SWP, a family solutions initiative by SBI Mutual Fund. Making a difference for those who matter the most to us.
Presenting Bandhan SWP
Bandhan SWP is a Systematic Withdrawal Plan (SWP) facility which allows you to withdraw a fixed amount regularly from your existing investments in eligible open-ended mutual fund schemes. The amount can be directly credited to the bank account of your spouse, parents, children or siblings, thus allowing you to give financial support to your loved ones in a seamless and hassle-free way.
How Bandhan SWP Works
Choose your Scheme
Select from your existing or new investment under the growth option of eligible open-ended schemes.
Initiate Bandhan SWP
Start your Bandhan SWP facility specifying beneficiary details, withdrawal amount, duration and other details.
Submit beneficiary documents (like Proof of Address, Proof of Identity, Relationship Proof and Bank Account Proofs).
Inflows come to the beneficiary’s bank account on respective date.
Benefits of Bandhan SWP to The Investor
Regular cash flows
to your loved ones
Potential Tax Efficient*
Long term wealth
Please consult your tax advisor for more details.