Generate Regular Income By Starting Online SWP In ICICI Prudential Mutual Fund

Finance Guru Speaks: This article will provide information on how to online register for Systematic Withdrawal Plan (SWP) in ICICI Prudential Mutual Fund.

SWP is a process through which you can redeem mutual funds units or amount on a periodic basis. For example, you can withdraw INR 1000 per month from a Mutual fund and the amount will directly credit to your registered bank account. SWP is ideal for Senior Citizens or Investors who seek regular income from their investments.

In this article, we have taken one of the ICICI Prudential Mutual Fund Scheme to register the SWP. However, you may select any other Mutual fund scheme, steps will remain the same for this fund house. Make sure to register your valid Email and Mobile with the Fund house.

Steps to follow to start online SWP in ICICI Prudential Mutual Fund:-

1. Open ICICI Prudential Mutual Fund website and click on LOGIN button after providing your User Name and Password:-

ICICI Prudential Mutual Fund - Login Page

NOTE: If you don't have access to their website, then you can register your Folio by following instructions mentioned in this link. It will help to generate your User Name and Password to login.

2. In the Home page, click on MAKE A TRANSACTION link as shown below:-

ICICI Prudential Mutual Fund - Start SWP

3. On the Next Screen, select your Folio No. and click on SWP button, as shown below:-

(Click to enlarge) ICICI Prudential Mutual Fund - Start SWP

4. On the Next Screen, select the Mutual Fund scheme through which you want to generate regular income, Withdrawal date, Period of Withdrawal, etc. Refer to below screen for more details and click on SUBMIT button:-

(Click to enlarge) ICICI Prudential Mutual Fund - Start SWP

Note: SWP Amount will be credited in your Bank account on every 1st business day of the month, starting from your Enrollment From month.

5. Confirm the SWP Transaction by clicking OK:-

ICICI Prudential Mutual Fund - Start SWP

6. On the Next page, provide the generated OTP [One Time Password] (it will be received on your registered mobile number and Email Address). Click on Confirm button:-

ICICI Prudential Mutual Fund - Start SWP

Congratulations on your successful Online SWP Registration of ICICI Prudential Mutual Fund.

(Click to enlarge) ICICI Prudential Mutual Fund - Start SWP

Images Courtesy: ICICI Prudential Mutual Fund

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