How To Start SWP In Mirae Asset Mutual Fund?

Finance Guru Speaks: This article will guide you on how you can start SWP (Systematic Withdrawal Plan) in Mirae Asset Mutual Fund to generate regular income.

Some details about SWP: SWP is a method through which you can redeem mutual funds units or amounts on a periodic basis. For example, you can withdraw INR 5000 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.

If you are an existing Mirae Asset Mutual Fund investor, then first of all get registered to its Mirae Asset Mutual Fund website. You can follow the options as mentioned here.

In this article, we will provide steps for starting SWP for Mirae Asset Dynamic Bond Fund. However, you may select any other Mutual funds from this fund house, steps will remain the same.

Steps to start SWP in Mirae Asset Mutual Fund:-

1. Open Mirae Asset Mutual Fund website and provide your User ID, Password & Generated OTP and click on LOGIN button.:-

Mirae Asset Mutual Fund Login Page

2. On the Home page, first go to TRANSACT -> SWP, as shown below:-

Click to enlarge - How To Start SWP In Mirae Asset Mutual Fund

3. Click CONTINUE, as shown below:-

Click to enlarge - How To Start SWP In Mirae Asset Mutual Fund

4. Against your Fund (Mirae Asset Dynamic Bond Fund in our case), select Transact option.

Enter the SWP details like SWP Frequency (e.g. Monthly), SWP Amount (e.g. Withdrawing Rs. 2000 per month),  SWP Date, SWP Period, etc. Click on SUBMIT button once all the required details as filled in:-

Click to enlarge - How To Start SWP In Mirae Asset Mutual Fund

5. Check all the details and click on CONFIRM button:-

Click to enlarge - How To Start SWP In Mirae Asset Mutual Fund

Congratulations on your successful online SWP registration of Mirae Asset Mutual Fund :-)

Click to enlarge - How To Start SWP In Mirae Asset Mutual Fund

The Mutual Fund SWP amount will be directly credited to your Registered Bank Account on the selected frequency (e.g. monthly basis).

Images Courtesy: Mirae Asset Mutual Fund

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