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What is SWP and how to create one?

A Systematic Withdrawal Plan (SWP) is used to make regular/periodic withdrawals to the primary bank account linked to Zerodha by selling a part of the mutual fund holdings periodically.

To create a SWP, follow these steps:

  1. Tap on Investments.
  2. Select the fund from the portfolio section and tap on it.
  3. Tap on and then on SWP.
  4. Enter the withdrawal amount.
  5. Select the frequency.
  6. Tap on Create SWP.

The redemption frequency date determines the number of units to be redeemed based on the specified amount. The number of units redeemed for SWP is determined based on the NAV of the previous trading day, i.e. T-1. To learn more, see How is the number of units redeemed for the SWP order calculated?

SWP orders will be executed by 10:00 AM on the selected date. Non-DDPI/POA clients must authorise units on CDSL for redemption on the specified date. To learn more, see How can units be authorized for redemption on CDSL after a SWP order is triggered?