A client can choose to have a set amount of money withdrawn (redeemed) periodically from their mutual fund account.
Systematic Withdrawal Plan. An automatic withdrawal program in which a shareholder receives regular payments, usually monthly, quarterly, semiannually, or annually, from a mutual fund account or retirement plan.
Systematic Withdrawal Plan. A feature offered by Transamerica IDEX where money is paid to shareholders by direct deposit or check as a result of periodic redemptions (sales) of shares from their Transamerica IDEX account. As with most any redemptions, there are tax consequences of selling mutual fund shares.
Systematic Withdrawal Plan. A plan offered with some schemes under which post-dated cheques for fixed amounts (as may be fixed by the fund) are issued to the investors for monthly, bi-monthly or quarterly withdrawals. The withdrawals are as per the requirements of the investor specified by him/ her at the time of investment.
Systematic Withdrawal Plan. A plan offered by a mutual fund company under which a fixed dollar amount of a mutual fund is redeemed at regular intervals. An SWP can drain a portfolio rapidly.
Systematic Withdrawal Plan. Regular automatic redemption of a specified amount of money or specified number of shares from a mutual fund account.
Systematic Withdrawal Plan. A program which permits shareholders to have a specified amount automatically redeemed either monthly, quarterly, semi-annually or annually, and paid per the shareholder's instructions.
Stands for "systematic withdrawal plan," which is the automatic withdrawal of funds from your mutual fund account on a regular basis ( e.g., monthly, quarterly, annually). The plan is used as a way to supplement a shareholder's income, while also maintaining an investment. Payments are made either via EFT or check.
See systematic withdrawal program. TO TOP