SIP, STP, SWP – Demystified!
Money Guru on Zee Business | April 14, 2021
The show shares a perspective on systematic planning given the COVID time again.
+ What is a systematic investment plan (SIP)? How does it help accumulate wealth through power of compounding? Should one stop the SIP during the market crash?
+ What is a systematic withdrawal plan (SWP)? When should one use SWP option? How does one benefit from SWP?
+ What is a systematic transfer plan (STP)? How does it benefit the investor during the market volatility?
+ What is a “switch” in mutual fund lingo? When should one “switch” & how can one benefit from the “switch” transaction?
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